Bifogade filer
2025-05-08 13:18:53
Reference is made to ABL Group ASA's (the Company) stock exchange notice dated 8
March 2024.
Based on 2024 results and after evaluation of the performance criteria, the
Company has awarded 134,383 shares to employees as part of its Short Term
Incentive Program (STIP) and 440,386 shares to employees as part of its Long
Term Incentive Program (LTIP).
Settlement of shares under the STIP will be done through use of treasury shares.
Following completion of the settlement under STIP, ABL Group owns a total of
113,830 of its own shares, corresponding to 0,087 % of ABL Group's share
capital.
With respect to the LTIP 2024, the employees will surrender their 2024
Performance Share Units (PSUs) and in return LTIP shares will be delivered to
the relevant employees in 2026 (50% of award) and 2027 (50% of award), provided
the employee remains employed with ABL Group through the settlement dates as
well as no breach of employment conditions and/or ABL Group Code of Conduct.
In addition, as part of LTIP 2025, the Company will issue new awards of PSUs to
key employees of the Company, being part of the executive and senior leadership
teams (each a PSU Holder). The PSUs give the PSU Holder the right to receive
shares in the Company depending on the achievement of certain performance
criteria and subject to continued employment on the relevant settlement dates.
The conversion of PSUs to shares will be determined by performance against two
target metrics: (i) group adjusted EBIT and (ii) return on capital employed.
Each of the performance metrics is measured for the period 1 January 2025
through 31 December 2025. The Company will notify each PSU Holder of the total
achieved performance and the number of shares earned by the PSU Holder after
announcement of the Q4 results for 2025. The shares will be delivered to the PSU
Holder in 2027 (50%) and 2028 (50%), provided the PSU Holder remains employed
with ABL Group through the settlement dates as well as no breach of employment
conditions and/or ABL Group Code of Conduct. Settlement of PSUs will be done
through use of treasury shares or by issuance of new shares, as decided by the
Board of Directors. A total of 1,100,000 shares are to be designated for
settlement of the 2025 PSUs which takes into account the maximum achievement
under the scheme.
The Company will also continue the annual STIP for all employees in the group.
All employees are awarded a bonus opportunity subject to the achievement of
certain performance conditions. The performance under the STIP for the financial
year 2025 will be considered by the Board after announcement of the Q4 results
for 2025. Payments will be made in cash and/or shares as decided by the Board of
Directors.
Details of the primary insider's transactions pursuant to the Market Abuse
Regulation article 19 are attached.
This information is subject to disclosure requirements set out in the Market
Abuse Regulation EU 596/2014 Article 19 and the Norwegian Securities Trading Act
Section 5-12.
For further information, please contact:
Investors and financial media:
Stuart Jackson, Chief Financial Officer, ABL Group ASA
Email: stuart.jackson@abl-group.com
Other media enquiries:
Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05
Email: endre.johansen@corpcom.no
About ABL Group
ABL Group (OSE: ABL Group ASA - ticker code "ABL") is a leading independent
global consultancy delivering energy, marine, engineering and digital solutions
to drive safety and sustainability in renewables, maritime and oil and gas
sectors. The group has offices in 44 countries worldwide and operates under four
main brands: ABL, OWC, Longitude and AGR.