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Aker ASA: Offer to buy back shares in Aker ASA

22.12 2016 08:00

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS COMMUNICATION.

In connection with the employee share purchase programme of Aker ASA (the “Company”), as well as for other corporate purposes, the Company hereby launches an offer to all shareholders in the Company to buy back up to 50,000 shares in Aker ASA. The offer will be carried out through a bookbuilding process with an offer price of up to NOK 322 per share. Per 21 December 2016, the Company owns no own shares.

The bookbuilding period commences immediately and will close at 16:30 (CET) on 22 December 2016. The Company reserves the right to accept acceptances received after the end of the bookbuilding period, as well as to extend the bookbuilding period one or several times. Acceptances of the offer are irrevocable and cannot be withdrawn, however if the bookbuilding period is extended, acceptances can be withdrawn up to the expiry of the extended bookbuilding period.

Shareholders who wish to sell their shares can call Arctic Securities on +47 21 01 31 85.

In the event that the total number of received acceptances exceeds 50,000 shares (or the increased amount of shares the Company wishes to purchase), the Company will determine criteria for the allocation of the acceptances in accordance with the best interest of the company and the equal treatment of the shareholders.

Allocation and pricing will follow before 09:00 (CET) on 23 December 2016. The trade date will be 23 December 2016 and settlement will take place on 28 December 2016. If the bookbuilding period is extended, the dates will be postponed correspondingly.

END

For further information, please contact:
Investors:
Marianne Stigset, Head of Investor Relations
Phone: +47 24 13 00 66
Mobile: +47 411 88 482

Media:
Atle Kigen, Head of Communications
Phone: +47 24 13 00 08
Mobile: +47 907 84 878