Aker ASA: Ocean Yield launches Initial Public Offering

Fri Jun 7, 2013 5:37am EDT

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Ocean Yield ASA ("Ocean Yield" or the "Issuer"), a wholly owned subsidiary of Aker ASA ("Aker"), today announced that it has resolved to launch an initial public offering (the "Offering") of 33 500 000 shares (the "Offer Shares") for gross proceeds from NOK 1 005 million to NOK 1 139 million, and that it has resolved to apply for listing of its shares on Oslo Børs or Oslo Axess. Assuming that all the Offer Shares are issued, and no over-allotment, the Offer Shares will represent approximately 25% of the Shares in Ocean Yield.
 
On 7 June 2013, the Norwegian Financial Supervisory Authority (Nw. "Finanstilsynet") approved a prospectus (the "Prospectus") setting out, among other things, the terms and conditions of the Offering, financial and other important information about the Issuer, including risk factors associated with investing in the Offer Shares. The Prospectus is available at the following web-sites: www.dnb.no/emisjoner  ; www.paretosec.com  ; www.seb.no  ; www.arcticsec.no  ; www.nordea.no/oy  ; and www.swedbank.no .
 
Customary allocation principles apply to the Offering, however, in addition the Issuer will, with respect to the Retail Offering, aim at, and reserves its right to, give a higher allocation percentage to applicants who were shareholders of Aker as of 10 June 2013. For the purpose of determining who were shareholders of Aker as of 10 June 2013 the board of directors of the Issuer will rely solely on Aker's register of shareholders with the Norwegian Central Securities Depository (Nw. "Verdipapirsentralen" - VPS) as of 13 June 2013.
 
For further details, reference is made to Ocean Yield's stock exchange notice published today available at www.newsweb.no under the symbol "OCY".
 
This announcement is not and does not form part of any offer for sale of any securities. 
 
END

For further information, please contact:
 
Investors:
Marianne Stigset, Investor Relations Manager
Phone:   +47 24 13 00 66
Mobile: +47 41 18 84 82
 
Media:
Atle Kigen, Head of Corporate Communications
Phone:   +47 24 13 00 08
Mobile: +47 907 84 878

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.



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Source: Aker ASA via Thomson Reuters ONE

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