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.
OSLO,
Norway, June 14, 2022 /PRNewswire/ -- Reference is
made to the previous stock exchange announcements by Aker Offshore
Wind AS ("Aker Offshore Wind" or "AOW") regarding the
contemplated merger with Aker Horizons ASA ("Aker
Horizons"). The merger will be carried out as a triangular
merger whereby AOW will merge with Aker Horizons' wholly-owned
subsidiary AH Tretten AS as the surviving entity and Aker Horizons
will issue consideration shares.
The creditor notice period for the merger will expire at
midnight on Thursday 16 June 2022.
Provided that no creditors have objected to the merger by such
time, the merger is expected to be completed after close of trading
on the Oslo Stock Exchange on Friday 17 June
2022 (the "Effective Date"), which accordingly will
be the last day of trading in the AOW shares on Euronext Growth
(Oslo).
Eligible shareholders in AOW (other than Aker Horizons) will
receive 0.1304 merger consideration shares in Aker Horizons for
each share owned in AOW as of the expiry of the Effective Date, as
such shareholder appear in the shareholder register with Euronext
Securities Oslo (the "VPS") as at the expiry of two trading
days thereafter (the "Record Date"), expected to be Tuesday
21 June 2022.
The consideration shares are expected to be delivered to the
eligible shareholders through VPS on or about Wednesday
22 June 2022. Fractions of shares
will not be allotted, and the number of consideration shares
delivered to each eligible AOW shareholder will be rounded down to
the nearest whole number. Excess shares, which as a result of this
round down will not be allotted, will be issued to and sold by DNB
Markets, a part of DNB Bank ASA. The sales proceeds will be given
to Aker Horizons, which will give the sales proceeds further to
charity.
Advisors
Pareto Securities AS is engaged as financial adviser to AOW and
Advokatfirmaet Thommessen AS is acting as legal counsel to AOW.
Advokatfirmaet BAHR AS is acting as legal counsel to Aker
Horizons.
CONTACT:
Investor contact:
Tom Selwood, +44 (0)7743 502455,
tom.selwood@akeroffshorewind.com
Media contact:
Maria Lanza Knudsen, +47 484 42
426, maria.knudsen@akeroffshorewind.com
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/aker-offshore-wind-as/r/aker-offshore-wind--update-on-merger-with-aker-horizons,c3584758
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SOURCE Aker Offshore Wind AS