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Det norske oljeselskap ASA: Primary Insider Notice

30.09 2016 15:42

Reference is made to the stock exchange notice by Det norske oljeselskap ASA (to be  renamed Aker BP ASA) (the "Company") dated 10 June 2016 regarding the merger between  the Company and BP Norge AS,  and today's notice announcing the closing of the transaction.

Aker Capital AS ("Aker") has today purchased 33,809,168 shares (the "Shares") in the Company from Amoco Norway Oil Company and BP Global Investments Ltd, against a total consideration of USD 318 million.
Aker's  acquisition of the Shares will be partially financed with a new USD 250 million loan from SEB to Aker Capital AS. The credit facility is a 3 + 1 +1 year bullet-term loan, secured by a pledge of the Shares.
Following  the registration  of the  share capital  increase and delivery of the Shares  to  Aker,  Aker  owns  a  total  of  135,098,206 shares  in the Company, equalling an ownership of 40.001% of the total shares in the Company.
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This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.