Reference is made to the notification sent on 11 December 2009regarding a potential new bond issue by Aker ASA. A NOK 500 millionsenior unsecured bond issue with expected maturity date on 17December 2012 has now successfully been completed. Settlement date isexpected to be 17 December 2009.
Stock exchange releases
Aker ASA is considering to issue up to NOK 500 million through a newsenior unsecured bond loan in the Norwegian credit market withmaturity in December 2012. The purpose of the loan is for refinancingof existing debt and for general corporate purposes.
The streamlining of Aker's role as an industrial investment companyis showing results. Strategic measures implemented in the thirdquarter of 2009 demonstrate how proactive ownership, bolstered byfinancial and structural capacity, can facilitate industrialdevelopment and value growth.
The Norwegian Competition Authority has approved Aker's acquisitionof an additional five million shares in the oil company Det norskefrom DNO International. The parties agreed to this share acquisitionon 12 October 2009 and the transaction will be completed todayfollowing the Competition Authority's approval.
Aker ASA releases the 3rd quarter results for 2009 on Thursday 5October. A presentation will be given at Shippingklubben, HaakonVII's gt. 1. The presentation starts at 09:00 a.m. CET.
4th quarter results 2009 / preliminary annual result 2009: 1 March2010
Trond Brandsrud has been appointed Chief Financial Officer of AkerASA. He begins as Aker's CFO as soon as he completes hispre-departure service period with his current employer, and no laterthan 1 May 2010. Mr. Brandsrud joins Aker from a similar positionwith the exchange listed drilling company Seadrill ASA.
Aker Drilling and StatoilHydro have reached an agreement covering alloutstanding issues regarding the delivery of Aker Spitsbergen. Thedrilling starts its five-year contract with StatoilHydro as operatoron behalf of the Heidrun Åsgård and Norne licenses on August 27,2009.
In the second quarter of 2009, Aker made important adjustments to itsportfolio of investments and implemented a new organizational model.More direct and active ownership follow-up of the company'sIndustrial Holdings and Financial Holdings as well as management ofTreasury available liquidity are facilitated.
Aker ASA releases the 2nd quarter results for 2009 on Wednesday 19August. A presentation will be given at Shippingklubben, Haakon VII'sgt. 1. The presentation starts at 09:00 a.m. CET.
Aker has implemented key components of the planned reorganization ofits investments. Aker's ownership interests in several of itsfinancial portfolio companies have been transferred to the investmentfund Aker Capital Fund.
Aker has purchased 11,797,752 shares in Det norske oljeselskap ASA (Det norske) at NOK 54 per share. The shareholding corresponds to an 18.2 percent stake in Norway's second largest oil company, measured in terms of operatorships and license interests on the Norwegian continental shelf.
- Aker's share purchase in Det norske represents a strategic ownership interest in a challenger on the Norwegian continental shelf. The investment expands our targeting of oil exploration and production, which Aker has established as an area for industrial development, says Øyvind Eriksen, Aker's President and CEO.
Aker already holds an 76.1percent shareholding in the offshore exploration company Aker Exploration, which has ownership interests in 21 licenses on the Norwegian continental shelf. Aker also holds interests in several other oil companies via shareholdings and loans.
Det norske's activities are focused on exploration and development of hydrocarbon resources on the Norwegian continental shelf. The company has 27 operatorships and participates in a total of 47 licenses.
For further information, please contact: Geir Arne Drangeid, EVP, Aker ASA, tel: +47 913 10 458
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)
This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Aker has purchased 11,797,752 shares in Det norske oljeselskap ASA(Det norske) at NOK 54 per share. The shareholding corresponds to an18.2 percent stake in Norway's second largest oil company, measuredin terms of operatorships and license interests on the Norwegiancontinental shelf.
With the company's new President and CEO Øyvind Eriksen at the helmand main shareholder Kjell Inge Røkke working in a more central rolethan in recent years, Aker is now charting a new course. Streamliningour active ownership will create value at Aker's industrial operatingcompanies. This value growth will accrue to all shareholders,including Aker.
Following a review by the international investment bank UBS of AkerSolutions' recent acquisition of shares and companies from Aker ASA,the owners of Aker Holding have reached a mutual understandingregarding the various issues raised concerning the transactions.Together, the parties will continue their cooperative ownership forthe benefit of the development of the Aker Solutions group.
Aker ASA releases the 1st quarter results for 2009 on Monday 11 May.A presentation will be given at Felix conference center, Aker Brygge,Oslo. The presentation starts at 09:00 a.m. CET.
The shares in Aker ASA will be traded ex dividend NOK 5,- as from today, 03.04.2009.
Aker ASA has today on 2 April 2009 held its Annual General Meeting.All proposals to the AGM were approved.
Aker ASA is focusing and simplifying the organization of its businessactivities. The company's several operational companies will beorganized into either Industrial Holdings or Financial Holdings.Executive talent is being added to Aker's management to assure a fullcomplement of resources.
Aker sells shares in four product and technology companies to AkerSolutions. These companies are industrial building blocks that expandAker Solutions' foundation for profitable growth in the offshore andenergy sectors.
Enclosed please find recommendations from Aker ASA's Nominationcommittee in connection with the company's Annual General Meeting on2 April 2009.
The shareholders in Aker ASA are invited to attend the Annual GeneralMeeting to be held on Thursday 2 April 2009 at 13.30 hrs at FelixConference Centre, Bryggetorget 3, Aker Brygge, Oslo, Norway.
Issuers of listed transferable securities are required to provideOslo Stock Exchange with an annual statement of information madeavailable to the public, cf the Stock Exchange Regulations, section5-2 fifth paragraph. Attached is an annual overview for Aker ASA forthe period 10 March 2008 - 10 March 2009.
Aker enters 2009 with a solid balance sheet. The parent company AkerASA and its wholly owned holding companies have equity amounting toNOK 18.1 billion; total assets are NOK 20.7 billion. Thecorresponding equity ratio is 88 percent. Gross debt to non-Grouplenders is approximately NOK 1 billion; net interest-bearingreceivables amount to NOK 8.6 billion.
Aker ASA releases the 4th quarter results for 2008 on Friday 27February 2009. A presentation will be given in Shippingklubben,Haakon VIIs gt. 1, Oslo. The presentation starts at 09:00 a.m. CET.