Aker ASA ("Aker") has carried out its employee share purchase programme for the year.
Stock exchange releases
Reference is made to the stock exchange release of Aker ASA (the "Company") dated 30 May 2018 concerning an offer to buy back shares in connection with the Company's employee share purchase programme, the Company's employee bonus scheme, as well as for other corporate purposes (the "Offer"). The Offer expired on 31 May 2018 at 08:00 (CET).
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.
Reference is made to the notification sent today regarding a potential tap issue by Aker ASA.
Aker ASA is contemplating a tap issue of up to NOK 500 million in the outstanding NOK 1,500 million senior unsecured bond issue with ISIN NO0010814502 and maturity in January 2023 (AKER14).
The net asset value ("NAV") of Aker ASA and holding companies ("Aker") increased by 1.6 per cent in the first quarter to NOK 42.4 billion (NOK 571 per share), compared to NOK 41.8 billion as per 31 December 2017.
Reference is made to the resolution by the General Meeting in Aker ASA on 20 April 2018 to distribute a dividend of NOK 18.00 per share. Aker ASA shares will trade exclusive of dividend of NOK 18 per share as of today, 23 April 2018.
The Annual General Meeting of Aker ASA (the "Company") was held on Friday 20 April 2018 at Fornebuporten, Oksenøyveien 10, Norway.
Aker ASA will publish its first-quarter results for 2018 on the Oslo Stock Exchange on Wednesday 9 May 2018.
Aker ASA's wholly owned subsidiary Aker Capital AS ("Aker") has entered into an agreement with Geveran Trading Co. Ltd (a company indirectly controlled by trusts established by John Fredriksen for the benefit of his immediate family) ("Geveran") and Joh Johannson Eiendom AS to establish a residential real estate development company, FP Bolig Holding AS ("FP Bolig").
Aker ASA today publishes its annual report, the corporate social responsibility report and the corporate governance report for 2017.
The reports are attached and are also available on https://eng.akerasa.com/Investor/Financial-and-other-reports
The Annual General Meeting of Aker ASA will be held on Friday 20 April 2018 at 09:00 CET, at Oksenøyveien 10, Building B, Grand Hall, 1366 Lysaker, Norway.
Reference is made to the stock exchange notice dated 23 November 2017 where Aker ASA ("Aker") announced that Aker Capital AS ("Aker Capital"), a wholly owned subsidiary of Aker, and Oceanwood Capital Management LP ("Oceanwood") had entered into an agreement to establish a company for the purpose of bidding for the shares in Norske Skog AS ("Norske Skog").
As fulfillment of existing rights under the bonus program for employees in Aker ASA ("Aker"), the following primary insiders have received bonus shares. The shares have a lock-in period of three years. Upon allocation, the value of the shares was set to NOK 357.80. This corresponds to the three-day average, volume-weighted price of Aker's share starting Monday 12 March 2018, to which a 20 per cent discount was applied.
The bonus shares were distributed as follows:
Reference is made to the stock exchange release published by Ocean Yield ASA (the "Company") on 28 February 2018 regarding a private placement of up to 11,000,000 new shares in the Company (the "Private Placement").
Reference is made to the stock exchange release published by Ocean Yield ASA ("Ocean Yield") on 28 February 2018 regarding a private placement of up to 11,000,000 new shares in Ocean Yield (the "Private Placement").
Jan Arve Haugan has been appointed as Chief Executive Officer of the newly established oil company Aker Energy, effective 1 March 2018. Mr. Haugan is currently the President & CEO of Kværner ASA ("Kvaerner").
Aker ASA's Board of Directors has decided to propose to the general meeting on 20 April 2018 a dividend of NOK 18.00 per share for the fiscal year 2017.
Aker ASA: Aker Energy reaches agreement to acquire Hess Ghana with an aim to build a significant E&P activity in Ghana
Aker Energy AS ("Aker Energy"), a 50-50 joint venture between Aker ASA ("Aker") and TRG AS ("TRG"), has entered into an agreement with a subsidiary of Hess Corporation to acquire its interests in Ghana consisting of a 50 percent participating interest in the Deepwater Tano Cape Three Points block ("DWT/CTP"). The Tano Basin offshore Ghana is a prolific petroleum region where Aker Energy sees considerable potential to apply the Aker Group's experience from the Norwegian Continental Shelf (NCS) to build a significant E&P activity in Ghana together with Ghana National Petroleum Corporation ("GNPC").
Fourth-quarter and preliminary annual results 2017 - Net Asset Value up by 20.4 per cent to NOK 41.8 billion - cash dividend of NOK 18 per share pro...
The net asset value ("NAV") of Aker ASA and holding companies ("Aker") increased by 20.4 per cent in the fourth quarter to NOK 41.8 billion (NOK 562 per share), compared to NOK 34.7 billion as per 30 September 2017. Aker's NAV stood at NOK 34.3 billion as per year-end 2016.
Aker ASA will publish its fourth-quarter and preliminary annual results for 2017 on the Oslo Stock Exchange on Friday 16 February 2018.
Reference is made to the notification sent on January 15th regarding a potential new unsecured bond issue by Aker ASA.
Aker ASA has engaged Arctic Securities, Nordea and SEB to arrange a series of fixed income investor meetings in the Nordic region, commencing on Tuesday 16 January 2018.
Aker ASA (“Aker”) has appointed Kristian Røkke as its Chief Investment Officer effective 1 January 2018. Mr. Røkke is currently the Chief Executive Officer of Akastor ASA (“Akastor”), a publicly listed oil service investment company, and will be succeeded by Karl Erik Kjelstad from 1 January 2018. In connection with the transition, Mr. Røkke will resign from Aker’s Board of Directors, but continue as a Board member of TRG Holding AS, Aker’s principal shareholder.
Aker Capital AS ("Aker"), a wholly owned subsidiary of Aker ASA, and Oceanwood Capital Management LP ("Oceanwood"), have entered into an agreement to establish a company for the purpose of bidding for the shares in Norske Skog AS ("the Company"), a subsidiary of the listed Norske Skogindustrier ASA, in an auction process. The Company is the holding entity of Norske Skog's operating subsidiaries. Oceanwood is a creditor in the Company, and holds all of the NSF securitisation facility and a majority of the senior secured notes (the SSN). Aker and Oceanwood will be 50/50 owners of the new company.