OSLO, Norway, June 14, 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 Clean Hydrogen AS (“Aker Clean Hydrogen” or “ACH“) concerning the contemplated merger with Aker Horizons ASA ( “Aker Horizons“). The merger might be carried out as a triangular merger whereby ACH will merge with Aker Horizons’ wholly-owned subsidiary AH Seksten AS because the surviving entity and Aker Horizons will challenge consideration shares.
The creditor discover interval for the merger will expire at midnight on Thursday 16 June 2022. Provided that no collectors have objected to the merger by such time, the merger is anticipated to be accomplished after shut of buying and selling on the Oslo Stock Exchange on Friday 17 June 2022 (the “Effective Date“), which accordingly would be the final day of buying and selling within the ACH shares on Euronext Growth (Oslo).
Eligible shareholders in ACH (apart from Aker Horizons) will obtain 0.2381 merger consideration shares in Aker Horizons for every share owned in ACH as of the expiry of the Effective Date, as such shareholders seem within the shareholder register with Euronext Securities Oslo (the “VPS“) as on the expiry of two buying and selling days thereafter (the “Record Date“), anticipated to be Tuesday 21 June 2022.
The consideration shares are anticipated to be delivered to the eligible shareholders by means of VPS on or about Wednesday 22 June 2022. Fractions of shares won’t be allotted, and the variety of consideration shares delivered to every eligible ACH shareholder might be rounded right down to the closest entire quantity. Excess shares, which on account of this spherical down won’t be allotted, might be issued to and bought by DNB Markets, part of DNB Bank ASA. The gross sales proceeds might be given to Aker Horizons, which is able to give the gross sales proceeds additional to charity.
Advisors
Pareto Securities AS is engaged as monetary adviser to ACH and Advokatfirmaet Thommessen AS is performing as authorized counsel to ACH. Advokatfirmaet BAHR AS is performing as authorized counsel to Aker Horizons.
Investor contact:
Kristoffer Dahlberg, +47 911 24 475, [email protected]
Media contact:
Mathias Nilsen Reierth, +47 988 05 724, [email protected]
About Aker Clean Hydrogen
Aker Clean Hydrogen goals to develop, construct, personal and function clear hydrogen manufacturing on an industrial scale. Aker Horizons is almost all shareholder of the corporate, and Aker Clean Hydrogen makes use of area experience throughout the Aker Group, together with methods integration, engineering, expertise improvement, challenge implementation, digitalization and monetary optimization to extend effectivity and cut back challenge prices. The firm goals to achieve a internet put in capability of 5 GW by 2030, and can make a serious contribution to realizing the hydrogen business and decreasing greenhouse gasoline emissions globally.
IMPORTANT NOTICE
This info is topic to the disclosure necessities pursuant to Section 5-12 the Norwegian Securities Trading Act.
This announcement is issued for info functions solely and doesn’t type part of any supply to promote, or a solicitation of a suggestion to buy, any securities in any jurisdiction. Neither this announcement nor the knowledge contained herein is for publication, distribution or launch, in entire or partially, instantly or not directly, in or into or from the United States (together with its territories and possessions, any State of the United States and the District of Columbia), Australia, Canada, Japan, Hong Kong, South Africa or every other jurisdiction the place to take action would represent a violation of the related legal guidelines of such jurisdiction. The publication, distribution or launch of this announcement could also be restricted by regulation in sure jurisdictions and individuals into whose possession any doc or different info referred to herein ought to inform themselves about and observe any such restriction. Any failure to conform with these restrictions could represent a violation of the securities legal guidelines of any such jurisdiction.
The securities talked about herein, together with the consideration shares anticipated to be issued as a part of the merger, haven’t been, and won’t be, registered below the United States Securities Act of 1933, as amended (the “US Securities Act”). The securities will not be supplied or bought in the United States besides pursuant to an exemption from the registration necessities of the US Securities Act or in a transaction not topic to the US Securities Act.
Matters mentioned on this announcement could represent forward-looking statements. Forward-looking statements are statements that aren’t historic information and could also be recognized by phrases comparable to “consider”, “count on”, “anticipate”, “technique”, “intends”, “estimate”, “will”, “could”, “proceed”, “ought to” and comparable expressions. By their nature, forward-looking statements contain danger and uncertainty as a result of they replicate ACH’s present expectations and assumptions as to future occasions and circumstances that will not show correct. Quite a few materials components might trigger precise outcomes and developments to vary materially from these expressed or implied by these forward-looking statements. No assurance could be on condition that such expectations will show to have been right. The info, opinions and forward-looking statements contained on this announcement communicate solely as at its date and are topic to vary with out discover. Neither Aker Clean Hydrogen nor Aker Horizons undertakes any obligation to overview, replace, verify, or to launch publicly any revisions to any forward-looking statements to replicate occasions that happen or circumstances that come up in relation to the content material of this announcement or in any other case.
Pareto Securities AS is performing solely for Aker Clean Hydrogen in connection with the merger and for nobody else and won’t be accountable to anybody apart from Aker Clean Hydrogen for offering the protections afforded to its shoppers or for offering recommendation in relation to the merger.
This announcement is for info functions solely and isn’t to be relied upon in substitution for the train of unbiased judgment. It is just not meant as funding recommendation and certainly not is it for use or thought-about as a suggestion to promote, or a solicitation of a suggestion to purchase any securities or a suggestion to purchase or promote any securities of Aker Clean Hydrogen or in any other case.
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https://finance.yahoo.com/information/aker-clean-hydrogen-merger-aker-051500589.html
