Companies Offered 6% Share of Aker Solutions

Posted by Michelle Howard
Tuesday, November 26, 2013

Aker ASA has engaged ABG Sundal Collier Norge ASA and Arctic Securities ASA to explore the opportunity to acquire approximately 16.5 million shares (roughly 6% of the share capital) in Aker Solutions ASA, but with the possibility for Aker ASA at its full discretion to increase or decrease the number of shares to be acquired.

The offer is carried out through a book building process. The managers will gather and accumulate sales orders from existing shareholders. All existing shareholders are invited to offer shares at a price level defined by the selling shareholder. For all selling shareholders the purchase price will be set at a level representing a satisfactory price and offering volume. The purchase price will be identical for all selling shareholders. If Aker ASA during the period of three months following the completion of the offer should buy listed Aker Solutions ASA shares in the public market above the Offer price, the selling shareholders in the offer will be compensated with the price difference per share.

The book building process commences immediately, and will close no later than at 08:00 CET, November 27, 2013. The book building period can be closed earlier or extended at the managers' own discretion. If an acquisition is to be completed, pricing and allocation will follow shortly thereafter. Allocation will then be made November 27, 2013, and settlement will then take place on December 2, 2013. Aker ASA reserves the right to terminate the Offer or make any amendments with regard to the volume or other terms of the offer.

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