Aker Solutions ASA: Mandatory Notification of Trade

  • May 02, 2014
  • 14:45
  • Stock exchange release

May 2, 2014 - Concurrent with the expiration of the total return swap reported on November 1, 2013, Aker ASA ("Aker") has today acquired 891,762 shares in Aker Solutions ASA ("AKSO") at a price of NOK 97.75 per share.

Following the acquisition, Aker owns 17,331,762 shares in AKSO, representing 6.3 percent of the outstanding shares. In addition, Aker owns 70 percent of the shares in Aker Kvaerner Holding AS, which in turn owns 110,333,615 shares, representing 40.3 percent of the outstanding shares in Aker Solutions. The Norwegian government, through the Ministry of Trade and Industry, owns the remaining 30 percent of Aker Kvaerner Holding AS.

ENDS

For further information, please contact:

Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 911 37 194, E-mail: lasse.torkildsen@akersolutions.com

Media:
Bunny Nooryani, Chief Communications Officer, Aker Solutions. Tel: +47 67 59 42 71, Mob: +47 480 27 575, E-mail: bunny.nooryani@akersolutions.com

Career opportunities:
Visit http://www.akersolutions.com/careers

Aker Solutions is a global provider of products, systems and services to the oil and gas industry. Our engineering, design and technology bring discoveries into production and maximize recovery from each petroleum field. We employ approximately 28,000 people in about 30 countries. Go to www.akersolutions.com for more information on our business, people and values.

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.