OSLO, Norway, June 17, 2022 /PRNewswire/ — NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN ANY JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.
Reference is made to the earlier inventory trade bulletins by Aker Offshore Wind AS (“Aker Offshore Wind” or “AOW“) relating to the contemplated merger with Aker Horizons ASA (“Aker Horizons“). The merger will be carried out as a triangular merger whereby AOW will merge with Aker Horizons’ wholly-owned subsidiary AH Tretten AS because the surviving entity and Aker Horizons will concern consideration shares.
The creditor discover interval for the merger has now expired, in accordance with part 13-17 of the Norwegian Public Limited Liability Companies Act, with none collectors objecting. All circumstances for completion of the merger are subsequently fulfilled. The boards of Aker Offshore Wind and AH Tretten AS have subsequently resolved to full the merger by last registration within the Norwegian Register of Business Enterprises after shut of buying and selling on the Oslo Stock Exchange at present, Friday 17 June 2022 (the “Effective Date“) which is able to be the final day of buying and selling within the AOW shares on Euronext Growth (Oslo).
Eligible shareholders in AOW (aside from Aker Horizons) will obtain 0.1304 merger consideration shares in Aker Horizons for every share owned in AOW as of the expiry of the Effective Date, as such shareholders seem within the respective shareholder register with Euronext Securities Oslo (the “VPS“) as on the expiry of Tuesday 21 June 2022 (the “Record Date“).
The consideration shares will be delivered to the eligible shareholders via VPS on Wednesday 22 June 2022. Fractions of shares won’t be allotted, and the variety of consideration shares delivered to every eligible AOW shareholder will be rounded down to the closest complete quantity. Excess shares, which on account of this spherical down won’t be allotted, will be issued to and offered by DNB Markets, part of DNB Bank ASA. The gross sales proceeds will be given to Aker Horizons, which is able to give the gross sales proceeds additional to charity.
The merger is executed and carried out in parallel with a contemplated triangular merger between Aker Horizons and Aker Clean Hydrogen AS (“ACH“). Upon completion of each mergers, the shareholders of ACH and AOW will obtain a complete of up to 80,612,586 consideration shares in Aker Horizons.
Pareto Securities AS is engaged as monetary adviser to AOW and Advokatfirmaet Thommessen AS is appearing as authorized counsel to AOW.
For additional data, please contact:
Tom Selwood, +44 (0)7743 502455, [email protected]
Maria Lanza Knudsen
+47 484 42 426
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SOURCE Aker Offshore Wind AS