Aqualis ASA: Long Term and Short Term employee incentive programmes
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.
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