Aker Horizons ASA Announces Major Share Transfer Ahead of Merger

Aker Horizons ASA Announces Major Share Transfer Ahead of Merger

Aker Horizons ASA has recently made significant strides towards its planned merger with AKH HoldCo AS, a subsidiary of Aker ASA. This pivotal move involves the transfer of a substantial portion of shares within the company, indicating a strategic approach to streamline operations as part of their upcoming merger.

Details of the Share Transfer

In a noteworthy transaction, Aker Capital AS has recently transferred all 464,285,714 shares it held in Aker Horizons ASA to AKH HoldCo. This transfer represents an impressive 67.25 percent of the overall share capital of the Company, showcasing Aker Capital's strong commitment to solidifying the merger framework.

Understanding the Merger

This share transfer is a preparatory step towards completing the merger between Aker Horizons Holding AS and AKH HoldCo. The planned merger aims to create synergies that will potentially enhance operational capabilities and expand market reach within the renewable energy sector.

Regulatory Compliance

The transaction adheres to the regulations set forth by the Norwegian Securities Trading Act, particularly Section 6-2 (3). AKH HoldCo has received an exemption from the mandatory offer rules from the Norwegian Financial Supervisory Authority, enabling this internal share transfer to move forward without traditional regulatory obstacles.

Transparency and Disclosure

Aker Horizons ASA recognizes the importance of transparency in major corporate actions. Therefore, pursuant to Article 19 of Regulation EU 596/2014, the company has published relevant details as part of its disclosure requirements. Stakeholders can find further information outlined in the attached Primary Disclosure of Managerial Responsibilities forms.

For Further Information

For continued updates and insights regarding the merger and shareholding changes, interested parties can refer to Aker Horizons ASA's investor relations. Jonas Gamre leads the investor relations efforts and can be contacted directly. His mobile number is +47 97 11 82 92, for those seeking detailed clarifications.

Media Inquiries

Additionally, for media-related questions or coverage, Mats Ektvedt oversees these communications. He is reachable via mobile at +47 41 42 33 28 for any press inquiries linked to Aker Horizons ASA.

Conclusion

The recent share transfer marks a pivotal step in Aker Horizons ASA's journey towards solidifying their merger with AKH HoldCo. This strategic move not only reflects Aker Capital’s vision but also reinforces commitment to the future of renewable energy investments. As developments unfold, stakeholders are encouraged to stay connected with Aker Horizons for the latest updates and information.

Frequently Asked Questions

What is the significance of the share transfer by Aker Horizons ASA?

The share transfer signifies Aker Capital's commitment to the merger with AKH HoldCo, aiding in the consolidation of their operations in the renewable energy sector.

Who should interested parties contact for further information?

Interested parties may contact Jonas Gamre, who leads investor relations at Aker Horizons ASA, for detailed inquiries.

What exemptions were granted regarding mandatory offers?

The Norwegian Financial Supervisory Authority granted an exemption from mandatory offer rules for this internal share transfer, allowing it to proceed smoothly.

How does this merger impact Aker Horizons ASA?

The merger aims to enhance operational synergies and increase market presence, ultimately contributing to growth in the renewable energy market.

Where can stakeholders find updates on future developments?

Stakeholders are encouraged to stay connected with Aker Horizons ASA for updates and timely announcements as the merger progresses.

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