Aker ASA: Internal restructuring of equity holdings
Aker ASA ("Aker") has on 30 September 2015 transferred its equity holdings in Converto Capital Fund AS and Havfisk ASA to Aker Capital AS, a wholly-owned subsidiary of Aker. Converto Capital Fund AS includes shareholdings in the publicly-listed companies Aker Philadelphia Shipyard ASA and American Shipping Company ASA ("AMSC").
The purpose of the restructuring is to streamline and simplify Aker's holding structure. As this is an internal restructuring within Aker ASA and holding companies, it will have no effect on the Aker ASA and holding companies' financial accounts.
As per 30 September 2015, Aker directly held 62,001,793 of the issued shares and votes in Havfisk ASA, or 73.25 per cent of the share capital. Through Converto Capital Fund AS, Aker held 7,237,631 of the issued shares and votes in Aker Philadelphia Shipyard ASA, or 57.56 per cent of the share capital; and 11,557,022 of the issued shares and votes in AMSC, or 19.07 per cent of the share capital. Also through Converto Capital Fund AS, Aker had financial exposure to 9,182,520 underlying shares in AMSC, equal to 15.15 per cent of the share capital in AMSC, through a TRS agreement; and financial exposure to 4,005,100 underlying shares in AMSC, equal to 6.61 per cent of the share capital of AMSC, through a second TRS agreement.
Oslo Stock Exchange has on 30 September 2015, pursuant to section 6-2 (3) of the Securities Trading Act, granted an exemption from the mandatory offer obligation with respect to Aker Capital AS' acquisition of shares in Havfisk ASA. The transfer of the shares in Havfisk ASA to Aker Capital AS received the approval of the Ministry of Trade, Industry and Fisheries on 29 September 2015.
For further information, please contact:
Marianne Stigset, Head of Investor Relations
Phone: +47 24 13 00 66
Mobile: +47 41 18 84 82
Atle Kigen, Head of Corporate Communications
Phone: +47 24 13 00 08
Mobile: +47 907 84 878
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.