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.
For shareholders wishing to participate in the Offer, please contact:
ABG Sundal Collier Norge ASA - Tel: +47 22 01 61 04
Arctic Securities ASA - Tel: +47 21 01 31 85
ENDS
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.
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