Aker ASA and Converto Capital Management AS purchases shares in Aker Seafoods ASA from Converto Capital Fund AS.
Reference is made to the stock exchange announcements on 22 June 2012 regarding the restructuring of the ownership in Aker Seafoods ASA ("AKS").
Aker ASA has today purchased 61,216,934 shares in AKS, corresponding to 72.32 per cent of the outstanding shares and votes, from Converto Capital Fund AS. All shares were purchased at a share price of NOK 6.50 per share, entailing a total consideration to Converto Capital Fund AS of NOK 397,910,071 ASA. In addition, Converto Capital Management AS has purchased 1,076,320 shares in AKS, corresponding to 1.27 per cent of the outstanding shares and votes, from Converto Capital Fund AS. All shares were purchased at the aforesaid share price, entailing a total consideration to Converto Capital Fund AS of NOK 6,996,080.
Following the completion of the transactions, Aker ASA will own 61,216,934 shares in AKS, corresponding to 72.32 per cent of the outstanding shares and votes, and Converto Capital Management AS will own 1,076,320 shares in AKS, corresponding to 1.27 per cent of the outstanding shares and votes, whereas Converto Capital Fund AS will not own any shares in AKS.
The transactions were completed after the acquisition by Fausken Invest AS, a company wholly owned by Mr. Frank Reite, of Aker ASA's 90 per cent ownership interest in Converto Capital Management AS, making Fausken Invest AS the owner of 100 per cent of the shares in Converto Capital Management AS. Mr. Reite is chairman of the board of AKS and general manager of Converto Capital Fund AS. Converto Capital Management AS is contracted to act as investment advisor to Aker ASA in relation to their ownership position in AKS.
The CEO of Aker ASA, Mr. Øyvind Eriksen, is also a member of the board of AKS.
Pursuant to section 6-2 (3) of the Norwegian Securities Trading Act, Oslo Børs has exempted the transactions from the mandatory offer rules. The transactions have also been approved by the Norwegian Ministry of Fisheries and Coastal Affairs.
For further informasjon, please contact
Atle Kigen, Head of Communication Aker ASA. Mobile: 907 84 878
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)