Aker ASA : Private placement in Aker BP ASA

31.10 2017 08:32

Reference is made to Aker BP's ("Aker BP") stock exchange announcement today regarding a private placement (the "Private Placement") of 22,376,438 new shares in Aker BP.

Aker Capital AS ("Aker"), a wholly-owned subsidiary of Aker ASA, subscribed for and was allocated 8,950,799 new shares in the Private Placement.
Aker has entered into a share lending agreement with Nordea Bank AB (publ), filial i Norge ("Nordea"), and Aker BP, whereby Aker has agreed to lend 6,713,491 shares in Aker BP to Nordea to facilitate timely delivery of shares to subscribers in the Private Placement.
Following the return of the borrowed shares to Aker and upon completion of the share capital increase under the Private Placement, Aker will own 144,049,005 shares in Aker BP, corresponding to 40 per cent of the outstanding shares in the company.
For further information, please contact:  
Per Kristian Reppe, Head of Investor Relations
Phone: +47 24 13 00 67
Mobile: +47 90 03 32 03  
Atle Kigen, Head of Corporate Communications
Phone: +47 24 13 00 08
Mobile: +47 90 78 48 78