Aqualis Offshore gets green light for Oslo listing
- Business & Finance
The Board of Directors of Oslo Børs resolved to admit the shares in Aqualis Offshore Holding ASA to listing on Oslo Børs.
The Board stipulated that the company prior to the first day of listing must satisfy the requirement for the number of shareholders as set out in Section 2.4.2 of the Oslo Børs Listing Rules and that they have at least 25% spread of share ownership among the general public, as specified in section 2.4.1 of the Oslo Børs Listing Rules.
An approved prospectus must be published. If the requirement for the number of shareholders is not met, the company will be accepted for listing on Oslo Axess, provided that the listing requirements in Axess rules section 2.4.2 and other listing requirements on Oslo Axess are satisfied.
The Board authorised the Chief Executive Officer of Oslo Børs to decide the first day of listing, which is to be no later than 22 September 2014.
Aqualis Offshore Holding ASA (to be renamed Aqualis ASA) provides marine and engineering services to the offshore oil & gas industry and the offshore renewables industry worldwide.
The group is operating globally from the following locations; Norway, USA, Mexico, Brazil, London, Saudi Arabia, Dubai, Abu Dhabi, Bahrain, Singapore and China.