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Provider: Reuters Investment Profile
Provider: Wright Reports

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AKVA Group ASA Announces Details on Egersund Group AS's Mandatory Offer for Company

Tuesday, 15 Jan 2013 09:55am EST 

AKVA Group ASA announced that with reference to the stock exchange notice dated December 20, 2012 and the offer document dated December 20, 2012 prepared in connection with the mandatory offer made by Egersund Group AS, to purchase the remaining outstanding shares in AKVA Group ASA (AKVA group), which are not already owned by Egersund Group AS at a price of NOK 11.25 per share (Offer), on January 15, 2013, Egersund Group AS received acceptances representing 200 shares in AKVA group. Consequently, as of January 15, 2013, Egersund Group AS own 13,052,400 shares in AKVA group representing 50.52% of the shares and voting rights in AKVA group. The offer period expires at 16:30 Central European Time (CET) on January 18, 2013. Egersund Group AS is owned 50% by Mongbakken AS (owned 100% by Mr. Hans Kristian Mong) and 50% by Kontrazi AS (owned 100% by Mr. Frode Teigen), who are both Board Members of AKVA Group ASA. 

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