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AKER.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Ocean Yield raises $103 in private share placement
Thursday, 1 Sep 2016 12:26am EDT 

Ocean Yield Asa : NOK 862 million ($103.45 million) private placement fully subscribed . subscription price of NOK 64 per share vs Wednesday closing of NOK 67 on the Oslo Bourse . Due to strong demand, Aker has been allocated zero new shares in order to give priority to other investors to improve the overall free float in the share . "important milestone in our efforts to build Ocean Yield into a substantially larger company. The share issue will also contribute to increase the free float in the Ocean Yield share, making it even more attractive for larger investors" .Danske Bank, DNB Markets, Nordea Markets, Pareto Securities and Skandinaviska Enskilda Banken have acted as Joint Lead Managers in the Private Placement.  Full Article

Aker net asset value rises to NOK 24.7 billion in Q2
Tuesday, 19 Jul 2016 12:59am EDT 

Aker Asa : Aker q2 net asset value nok 24.7 billion (nok 19.7 billion in q1 2016) .Aker Q2 pretax profit NOK 300 mln (NOK 343 mln in Q2 2015).  Full Article

Solstad Offshore ASA announces comprehensive new financing plan
Tuesday, 7 Jun 2016 12:58am EDT 

Solstad Offshore ASA : Announces comprehensive new financing plan . Says has, together with Aker ASA and with indicative support from its lending banks and bondholders, developed a plan to strengthen the Company's balance sheet . Financing plan will enable Solstad to withstand downturn in market and to contribute to consolidation of fragmented offshore service vessel industry . Aker will through an injection of 250 million Norwegian crowns ($30.63 million) in new equity become a significant shareholder in company . Aker will further provide an additional 250 million crowns in form of a subordinated convertible loan that can be converted into new shares in company . Other shareholders of company will be invited to participate in a subsequent offering of new equity of up to 75 million crowns . The Financing Plan also proposes that the maturity of the Company's senior unsecured 1 billion crown bond loan Solstad Offshore ASA 14/19 FRN with ISIN NO0010713548 ("SOFF04") will be extended to after the maturity of the bank debt . Arctic Securities AS is acting as financial advisors to the Company .Wikborg, Rein & Co Advokatfirma DA is acting as legal advisor to the Company.  Full Article

Leroy Seafood raises NOK 2.2 bln in share issue for acquisitions
Friday, 3 Jun 2016 02:33am EDT 

Leroy Seafood Group Asa : Has raised NOK 2,200 million ($264.04 million)in gross proceeds through a private placement consisting of 5,000,000 new shares and sale of 300.000 own shares at a price of NOK 415 per share . Leroy seafood group asa says private placement was well oversubscribed .Net proceeds from the Private Placement will be a part of the financing of the acquisitions of Havfisk ASA and Norway Seafoods Group AS, as announced Thursday [nL8N18V0IF].  Full Article

Aker, Ferd and Charles Street to invest NOK 150 million in Cxense
Tuesday, 24 May 2016 01:57am EDT 

Cxense ASA : Funds managed by Aker ASA , Ferd AS and Charles Street International Holding Ltd have agreed to acquire 1,250,000 new shares in Cxense . Subscription price of 120 Norwegian crowns per share, totalling 150 million crowns ($17.94 million) in a directed share issue . Funds from transaction will be used for working capital and general corporate purposes, as well as providing company with financial flexibility to pursue various strategic alternatives . Board will propose to EGM that existing shareholders' pre-emptive rights to subscribe new shares are set aside . Board will propose that EGM also authorise board to carry out a subsequent offering to existing eligible shareholders of up to 25 million crowns .Arctic Securities as acted as financial advisor to company in connection with private placement.  Full Article

Aker ASA's Q1 net asset value drops to NOK 19.7 billion
Wednesday, 11 May 2016 01:01am EDT 

Aker ASA : Aker q1 net asset value nok 19.7 billion (nok 20.9 billion in q4) .Pretax result nok -177 million (nok 956 million in q1 2015).  Full Article

Aker sold 8 mln Havfisk shares at 9 pct discount​
Wednesday, 16 Mar 2016 03:48am EDT 

Aker ASA:Aker Capital AS, a wholly-owned subsidiary of Aker ASA, has today sold 8.5 million shares in Havfisk at a price of 29.00 Norwegian crowns per share.The share was last traded at 32 crowns on March 15.Says will continue to be a long-term majority owner in company​.Says remains positive to whitefish industry fundamentals and has a strong belief in Havfisk's growth going forward​.‍Says after transaction, Aker owns 53,501,793 shares in Havfisk, corresponding to about 63.2 pct of share capital​.‍Says Havfisk will remain a core holding in our industrial portfolio​.  Full Article

Aker proposes 2015 dividend NOK 10/shr
Tuesday, 23 Feb 2016 01:01am EST 

Aker ASA:Aker propeses dividend of nok ‍10​ per share.  Full Article

Aker ASA sells real estate assets to main owner
Tuesday, 23 Feb 2016 01:01am EST 

Aker ASA:Agreement to sell real estate assets to Kjell Inge Roekke and his company Resource Group TRG AS ‍.together with external financing, transactions will release nok 1.55 billion in cash to aker and holding companies upon completion​.‍transaction comprises 25 per cent of shares in Fornebu Gateway real estate consortium and shares in aker maritime finance as, which owns eight industrial properties acquired from Akastor ASA.The sale will generate a total cash consideration of NOK 952 million.Prior to the transaction, Aker will receive proceeds of NOK 600 million from external financing of the Akastor industrial properties.Aker will recognise a gain of NOK 90 million from the transaction, as a result of profit accumulated during the period owned by Aker and reduced tax liabilities.Selling our real estate properties to Kjell Inge Roekke and TRG will free up cash to Aker, while still enable us to maintaining control over facilities that are of strategic importance to both Akastor and Aker Solutions​.‍retains a solid cash buffer to seize opportunities that may arise in current market downturn.Kjell Inge Røkke is Aker's chairman and principal shareholder, and is also TRG's majority shareholder. The agreements therefore constitute related-party transactions. The sales processes were conducted at arm's length, in compliance with Aker's own guidelines for related-party transactions​.  Full Article

Akastor ASA sells real estate portfolio to Aker
Monday, 9 Nov 2015 02:42am EST 

Akastor ASA:Says has entered into an agreement with Aker AKER.OL to divest eight properties with long-term lease agreements.Says properties are valued at 1.243 million Norwegian crowns in an all-cash transaction.Says average remaining contract tenor of the lease is about 18.5 years.The annualized rent in 2015 is about 86.5 million crowns in total.Says transaction is expected to be completed in Q4 of 2015, subject to approval by the board of directors in Aker Kværner Holding AS.Akastor expects to realize a financial gain of about 300 million crowns in its Q4 results for 2015, following completion of the divestment.The expected net cash, after tax, effect of the transaction will be about 1.170 million crowns.  Full Article

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