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Provider: Wright Reports
Provider: Reuters Investment Profile

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Aker ASA Announces Implementation of Merger between Aker BioMarine ASA and Aker Seafoods Holding AS

Tuesday, 15 Jan 2013 02:38am EST 

Aker ASA announced that the creditor period of the merger between Aker BioMarine ASA and Aker Seafoods Holding AS, a wholly owned subsidiary of Aker ASA, where the consideration shares are to be delivered by Aker ASA expired on 14 January 2013. As no objections were submitted within the expiry date, the merger will be implemented and registered with the Register of Business Enterprises after close of business on the Oslo Stock Exchange on January 15, 2013. Consequently, this will be the last day of trading for the Aker BioMarine ASA share. Aker Seafoods Holding AS will amend its name to Aker BioMarine AS. Aker ASA's consideration shares will be drawn from its treasury stock holding. Fractional consideration shares will not be distributed and the shares will be rounded down to the nearest whole contribution share for each Aker BioMarine ASA shareholder. The value of the fractional consideration shares will be settled in cash by Aker ASA based on the closing share price on January 14, 2013. The Aker ASA shares to be issued as consideration will be transferable as per January 16, 2013. The Aker ASA shares will show on the VPS accounts of Aker BioMarine ASA's shareholders on January 21, 2013. The shareholders will receive full shareholder rights in Aker ASA from the time the merger is recorded as completed by the Register of Business Enterprises. Shareholders who are to receive cash as a result of the rounding down of fractional shares will receive payment on January 25, 2013. 

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19 Dec 2014