News Column

Aqualis ASA : Mandatory notification of trade

February 3, 2014

Reference is made to the announcement today from Aqualis ASA ("Aqualis") regarding the completed private placement. The following primary insiders of Aqualis have been allocated shares in the private placement. ALSTO Consultancy Ltd , a company controlled by Davis Wells , CEO of Aqualis Offshore , has been allocated 48,000 new shares at a subscription price of NOK 2.55 per share and 48,000 subscription rights with an exercise price of NOK 2.30 per share. After this transaction Davis Wells , and related parties, hold 2,344,485 shares and 48,000 subscription rights in Aqualis . Binkley Capital AS, a company controlled by Christian Opsahl , CFO of Aqualis , has been allocated 120,000 new shares at a subscription price of NOK 2.55 per share and 120,000 subscription rights with an exercise price of NOK 2.30 per share. After this transaction Christian Opsahl , and related parties, hold 2,428,806 shares and 120,000 subscription rights in Aqualis . Bader Diab , Director Engineering and North America at Aqualis Offshore , has been allocated 376,000 new shares at a subscription price of NOK 2.55 per share and 376,000 subscription rights with an exercise price of NOK 2.30 per share. After this transaction Bader Diab holds 2,562,592 shares and 376,000 subscription rights in Aqualis . AmAn Marine Limited , a company controlled by Reuben Segal , Director Middle East at Aqualis Offshore , has been allocated 160,000 new shares at a subscription price of NOK 2.55 per share and 160,000 subscription rights with an exercise price of NOK 2.30 per share. After this transaction Reuben Segal , and related parties, hold 2,418,396 shares and 160,000 subscription rights in Aqualis . Phil Lenox , Director Asia Pacific at Aqualis Offshore , has been allocated 196,000 new shares at a subscription price of NOK 2.55 per share and 196,000 subscription rights with an exercise price of NOK 2.30 per share. After this transaction Phil Lenox , and related parties, hold 2,491,638 shares and 196,000 subscription rights in Aqualis . BHB Capital Management , a company controlled by BjØrn HÅvard BrÆnden, Director Norway at Aqualis Offshore , has been allocated 16,000 new shares at a subscription price of NOK 2.55 per share and 16,000 subscription rights with an exercise price of NOK 2.30 per share. After this transaction BjØrn HÅvard BrÆnden, and related parties, hold 1,099,642 shares and 16,000 subscription rights in Aqualis . Gunnar Manum , Acting CEO of Aqualis , has been allocated 24,000 new shares at a subscription price of NOK 2.55 per share and 24,000 subscription rights with an exercise price of NOK 2.30 per share. After this transaction Gunnar Manum holds 209,203 shares, 24,000 subscription rights and 120,000 options in Aqualis . The subscription rights allocated are conditional upon the approval by an extraordinary general meeting in Aqualis ASA to be held on or around 27 February. **** [HUG#1758962] Click here for more information: http://www.newsweb.no/index.jsp?messageId=344988


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