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Aker ASA: Offer to buy back shares in Aker ASA

30.05 2018 17:07

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"), the Company's employee bonus scheme, 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 597 per share. The maximum price per share is the closing price of the Company's shares on 30 May 2018 and a premium of 2.5 per cent. Per 30 May 2018 the Company owns 15,733 own shares.

The bookbuilding period commences immediately and is expected to close at 08:00 (CET) on 31 May 2018. The Company reserves the right to accept acceptances received after the end of the bookbuilding period, as well as to extend or close the bookbuilding period at any time in its sole discretion. Acceptances of the offer are irrevocable and cannot be withdrawn, however if the bookbuilding period is extended, acceptances can be withdrawn up to the expiry of the extended bookbuilding period.

Arctic Securities AS is engaged as financial advisor and receiving agent in connection with the Offer. Shareholders who wish to sell their shares can call Arctic Securities AS 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 31 May 2018. The trade date will be 31 May 2018 and settlement will take place on 4 June 2018. If the bookbuilding period is extended, the dates will be postponed correspondingly.

For further information, please contact:

Investors:
Per Kristian Reppe, Investment Manager & Head of Investor Relations
Phone: +47 24 13 00 67
Mobile: +47 90 03 32 03

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

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This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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The Offer and the distribution of this announcement and other information in connection with the offer may be restricted by law in certain jurisdictions.

Aker ASA does not assume any responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.

The offer is not being made directly or indirectly in, or by use of the mails of, or by any means or instrumentality of interstate or foreign commerce of, or any facilities of a national securities exchange of, the United States of America, its territories and possessions, any State of the United States and the District of Columbia (the "United States"). This includes, but is not limited to, facsimile transmission, internet delivery, e-mail, telex and telephones. Accordingly, copies of this release and any related documents are not being, and must not be, mailed, e-mailed or otherwise distributed or sent in or into the United States and so doing may invalidate any purported acceptance.