Aker ASA : Aker ASA: Ocean Yield launches Initial Public Offering
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Ocean Yield ASA ("Ocean Yield" or the "Issuer"), a wholly owned subsidiary of
Aker ASA ("Aker"), today announced that it has resolved to launch an initial
public offering (the "Offering") of 33 500 000 shares (the "Offer Shares") for
gross proceeds from NOK 1 005 million to NOK 1 139 million, and that it has
resolved to apply for listing of its shares on Oslo Børs or Oslo Axess.
Assuming that all the Offer Shares are issued, and no over-allotment, the
Offer Shares will represent approximately 25% of the Shares in Ocean Yield.
On 7 June 2013, the Norwegian Financial Supervisory Authority (Nw.
"Finanstilsynet") approved a prospectus (the "Prospectus") setting out, among
other things, the terms and conditions of the Offering, financial and other
important information about the Issuer, including risk factors associated with
investing in the Offer Shares. The Prospectus is available at the following
web-sites: www.dnb.no/emisjoner ; www.paretosec.com ; www.seb.no ;
www.arcticsec.no ; www.nordea.no/oy ; and www.swedbank.no .
Customary allocation principles apply to the Offering, however, in addition
the Issuer will, with respect to the Retail Offering, aim at, and reserves its
right to, give a higher allocation percentage to applicants who were
shareholders of Aker as of 10 June 2013. For the purpose of determining who
were shareholders of Aker as of 10 June 2013 the board of directors of the
Issuer will rely solely on Aker's register of shareholders with the Norwegian
Central Securities Depository (Nw. "Verdipapirsentralen" - VPS) as of 13 June
For further details, reference is made to Ocean Yield's stock exchange notice
published today available at www.newsweb.no under the symbol "OCY".
This announcement is not and does not form part of any offer for sale of any
For further information, please contact:
Marianne Stigset, Investor Relations Manager
Phone: +47 24 13 00 66
Mobile: +47 41 18 84 82
Atle Kigen, Head of Corporate Communications
Phone: +47 24 13 00 08
Mobile: +47 907 84 878
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 ASA via Thomson Reuters ONE
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