Aker Solutions ASA : Mandatory notification of trade - TRS agreement entered
30 April 2013 - Aker ASA has today entered into a TRS (Total Return Swap)
agreement with exposure to 1 500 000 shares in Aker Solutions ASA. The
expiration date of the TRS agreement is 1 November 2013 and the settlement
price in the agreement is NOK 83.717325 share.
Aker owns 70 per cent of the shares in Aker Kvaerner Holding AS, which in turn
owns 110 333 615 shares, representing 40.3 per cent of the outstanding shares
in Aker Solutions. The Norwegian government, through the Ministry of Trade and
Industry, owns the remaining 30 per cent of the Aker Kvaerner Holding shares.
For further information, please contact:
Bunny Nooryani, Chief Communications Officer, Aker Solutions. Tel: +47 67 59
42 71, Mob: +47 480 27 575, E-mail: firstname.lastname@example.org
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30
39, Mob: +47 91 13 71 94, E-mail: email@example.com
Aker Solutions provides oilfield products, systems and services for customers
in the oil and gas industry world-wide. The company's knowledge and
technologies span from reservoir to production and through the life of a
Aker Solutions brings together engineering and technologies for oil and gas
drilling, field development and production. The company employs approximately
28 000 people in more than 30 countries. We apply the knowledge and create and
use technologies that deliver our customers' solutions.
Aker Solutions ASA is the parent company in the group, which consists of a
number of separate legal entities. Aker Solutions is used as the common brand
and trademark for most of these entities. In 2012 Aker Solutions had
aggregated annual revenues of approximately NOK 45 billion. The company is
listed on the Oslo Stock Exchange.
This press release may include forward-looking information or statements and
is subject to our disclaimer, see www.akersolutions.com.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of Thomson
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: Aker Solutions ASA via Thomson Reuters ONE
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