Aker Solutions ASA: Mandatory notification of trade and disclosure of shareholding

27 November 2013 - Reference is made to the press release dated 26 November 2013 regarding a contemplated offer to acquire shares in Aker Solutions ASA. Aker ASA has acquired 16,440,000 shares in Aker Solutions ASA at a price of NOK 115 per share. The shares were acquired after close of markets yesterday through an accelerated book-building process managed by ABG Sundal Collier Norge ASA and Arctic Securities ASA.

Aker ASA now holds directly 16,440,000 shares (~6 per cent of the share capital) in Aker Solutions ASA. As a consequence of the transaction Aker ASA has passed the threshold of 5 per cent of the outstanding share capital in Aker Solutions ASA. Aker ASA also owns 70 per cent of the shares in Aker Kvaerner Holding AS, which in turn owns 110 333 615 shares, representing 40.3 per cent of the outstanding shares in Aker Solutions ASA.

Aker ASA has reduced its financial exposure in the TRS agreement disclosed 1 November 2013 from 1,500,000 shares to 891,762 shares.

This information is subject to the disclosure requirements according to section 4-2 (second paragraph) and 4-3 of the Norwegian Securities Trading Act.

ENDS

For further information, please contact:

Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 911 37 194, E-mail: lasse.torkildsen@akersolutions.com

Media:
Bunny Nooryani, Chief Communications Officer, Aker Solutions. Tel: +47 67 59 42 71, Mob: +47 480 27 575, E-mail: bunny.nooryani@akersolutions.com

Aker Solutions provides oilfield products, systems and services for customers in the oil and gas industry world-wide. The company's knowledge and technologies span from reservoir to production and through the life of a field.
 
Aker Solutions brings together engineering and technologies for oil and gas drilling, field development and production. The company employs approximately 28 000 people in more than 30 countries. We apply the knowledge and create and use technologies that deliver our customers' solutions.
 
Aker Solutions ASA is the parent company in the group, which consists of a number of separate legal entities. Aker Solutions is used as the common brand and trademark for most of these entities. In 2012 Aker Solutions had aggregated annual revenues of approximately NOK 45 billion. The company is listed on the Oslo Stock Exchange.

This press release may include forward-looking information or statements and is subject to our disclaimer, see www.akersolutions.com.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Tags: