In order to support Aqualis ASA's (the Company's) business strategy, long-term
interests and financial sustainability, the Company is introducing an amended
Long Term and Short Term employee incentive programmes (LTIP and STIP), as
indicated in the Remuneration Guidelines (approved at the 2026 AGM) and as
further agreed by the Board of Directors.
As part of the LTIP, the Company has issued awards of Performance Share Units
(PSUs) to key employees of the Company. The PSUs are granted to members of the
executive and senior leadership teams (each a PSU Holder) and gives 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
settlement date. The conversion of PSUs to shares is determined by performance
against two target metrics: EBIT and Working Capital Days. Each of the
performance metrics is measured for the period 1 January 2026 through 31
December 2026. 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 2026. 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 930,753 shares are to be designated for settlement of the 2026 PSUs
which takes into account the maximum achievement under the scheme.
The Company has also introduced an amended Short Term Incentive Programme (STIP)
for all employees in the group. All employees will be awarded a bonus
opportunity subject to achievement of certain performance metrics related to
EBIT and Working Capital Days. The performance under the STIP for the financial
year 2026 will be considered by the Board after announcement of the Q4 results
for 2026. Payments will be made in cash and/or shares as decided by the Board of
Directors.
Awards under the LTIP and STIP are intended to be annual, subject to performance
conditions and targets to be updated before each award.
Details of the primary insider's transactions pursuant to the Market Abuse
Regulation article 19 are attached.
For further information, please contact:
Investors and financial media:
Stuart Jackson, Chief Financial Officer, Aqualis ASA
Email: stuart.jackson@aqualis-group.com
Other media enquiries:
Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05
Email: endre.johansen@corpcom.no
About Aqualis
Aqualis (OSE: Aqualis ASA - ticker code "AQUA") 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.
e and operates under four main\
brands: ABL\, OWC\, Longitude and AGR.\