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Aker Offshore Wind: merger with Aker Horizons to be completed today

oslo, norway, June 17, 2022 /PRNewswire/ — NOT FOR DISCLOSURE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN ANY JURISDICTION WHERE DISCLOSURE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ADVERTISEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Reference is made to previous stock announcements of Aker Offshore Wind AS (“Aker offshore wind power” either “AOW“) in connection with the contemplated merger with Aker Horizons ASA (“Aker HorizonsThe merger will take place as a triangular merger in which AOW will merge with Aker Horizons’ wholly owned subsidiary, AH Tretten AS, as the surviving entity and Aker Horizons will issue consideration shares.

The creditor notification period for the merger has now expired, in accordance with section 13-17 of the Norwegian Joint Stock Companies Act, without objection by any creditor. Therefore, all the conditions for performing the merger are met. Therefore, the boards of Aker Offshore Wind and AH Tretten AS have resolved to complete the merger by final registration with the Norwegian Register of Commercial Companies after the close of business on the Oslo Stock Exchange today, Friday. June 17, 2022 (the “effective date“) which will be the last trading day for AOW shares on Euronext Growth (Oslo).

Eligible shareholders in AOW (other than Aker Horizons) will receive 0.1304 shares of merger consideration in Aker Horizons for each share they own in AOW on the expiration of the Effective Date, as such shareholders appear in the register of shareholders. respective with Euronext Securities Oslo (the “VPS“) due on Tuesday June 21, 2022 (the “record date“).

The consideration shares will be delivered to eligible shareholders via VPS on Wednesday. June 22, 2022. No fractional shares will be awarded, and the number of consideration shares awarded to each eligible AOW shareholder will be rounded down to the nearest whole number. The remaining shares, which as a result of this rounding down will not be allocated, will be issued and sold by DNB Markets, a part of DNB Bank ASA. The sales proceeds will be given to Aker Horizons who will donate the sales proceeds to charity.

The merger is being executed and implemented in parallel with a contemplated triangular merger between Aker Horizons and Aker Clean Hydrogen AS (“CCA“). Upon completion of both mergers, ACH and AOW shareholders will receive a total of up to 80,612,586 shares for consideration in Aker Horizons.

advisers

Pareto Securities AS is acting as financial advisor to AOW and Advokatfirmaet Thommessen AS is acting as legal advisor to AOW.

For more information contact:
Investor contact:
Tom Selwood+44 (0)7743 502455, tom.selwood@akeroffshorewind.com

Media Contact:
Mary Lanza Knudsen
+47 484 42 426
maria.knudsen@akeroffshorewind.com

This information was provided by Cision http://news.cision.com

https://news.cision.com/aker-offshore-wind-as/r/aker-offshore-wind–merger-with-aker-horizons-to-be-completed-today—last-day-of -trade,c3587032

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SOURCE Aker Offshore Wind AS

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