Aker ASA: Contemplated Offer to Acquire Shares in Aker Solutions ASA

Aker ASA has engaged ABG Sundal Collier Norge ASA and Arctic Securities ASA (the “Managers”) to explore the opportunity to acquire approx. 16.5 million shares (~6 per cent 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”).

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 3 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, 27 November 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 27 November 2013, and settlement will then take place on 2 December 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.

Press Release, November 27, 2013

 

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