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Egersund Group AS Acquires 21.6% of Shares and Votes in AKVA Group ASA; Intends to Proceed with Mandatory Offer to Acquire Remaining Shares


Monday, 3 Dec 2012 03:17am EST 

AKVA Group ASA announced that Egersund Group AS has on December 3, 2012, acquired 5,576,844 shares in AKVA Group ASA, equivalent to 21.6% of the shares and votes in the Company at a price of NOK 11.25 per share. After this acquisition, Egersund Group AS holds a total of 12,918,185 shares constituting 50.01% of the share capital of the Company. Egersund Group AS is due to ownership represented on the Company's Board of Directors, and thus considered a primary insider of the Company pursuant to the Norwegian Securities Trading Act section four to two (one). The acquisition triggers a mandatory offer for the remaining shares pursuant to the Norwegian Securities Trading Act chapter six, since Egersund Group AS now discloses a shareholding in excess of the mandatory offer threshold of 50 %. Egersund Group AS has announced that it intends to proceed with a mandatory offer to acquire the remaining shares in the Company at a price of NOK 11.25 per share. Egersund Group AS has engaged Pareto Securities as financial advisor and Wikborg Rein as legal advisor. 

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