Aker ASA: Aker Floating Production ASA - Compulsory acquisition of shares
Aker Floating Holding AS ("AFH") has resolved to carry out a compulsoryacquisition with immediate effect of all shares in Aker Floating Production ASA("AKFP") owned by shareholders other than AFH. As a consequence, AFH has assumedownership of all shares in AKFP. The offered redemption price is NOK 3.63 pershare, which equals the NOK 3.63 offered under the completed offer.
Reference is made to the stock exchange notice dated 13 March 2012 in connectionwith completion of the offer from AFH to acquire all shares in AKFP. Settlementhas been completed and AFH now owns 20,432,090 shares in AKFP, representingapproximately 92.87%.
In accordance with the previously stated intention, the board of directors ofAFH has now, pursuant to the Norwegian Public Limited Liability Companies Actsection 4-25, resolved to carry out a compulsory acquisition with immediateeffect of all remaining shares in AKFP not owned by AFH. As a consequence, AFHhas assumed ownership of all shares in AKFP.
The offered redemption price under the compulsory acquisition is NOK 3.63 pershare. The offered redemption price corresponds to the offer price in thecompleted offer to acquire all shares in AKFP. AFH has deposited the aggregateredemption amount on a separate account with DNB Bank ASA.
Any objections to, or rejections of, the offered redemption price must be raisedprior to 21 May 2012. Former AKFP shareholders who do not object to, or reject,the offered redemption price within this deadline will lose their right toobject to, or reject, the offered redemption price and are deemed to haveaccepted the offer.
A letter regarding the compulsory acquisition will be sent to all shareholderswhose shares are subject to the compulsory transfer, provided that theiraddresses are known. In addition, the compulsory acquisition will be announcedin the Brønnøysund Register Center's electronic bulletin for publicannouncements and in the Norwegian newspaper Finansavisen.
This information is subject of the disclosure requirements acc. to §5-12 vphl(Norwegian Securities Trading Act)
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