Reference is made to the stock exchange release published by Ocean Yield ASA ("Ocean Yield") on 28 February 2018 regarding a private placement of up to 11,000,000 new shares in Ocean Yield (the "Private Placement").
Aker Capital AS ("Aker"), a wholly owned subsidiary of Aker ASA, pre-subscribed for 5,500,000 new shares and was allocated zero new shares in the Private Placement due to strong demand.
Aker has entered into a share lending agreement with Arctic Securities AS and Ocean Yield, whereby Aker has agreed to lend 11,000,000 shares in Ocean Yield to Arctic Securities AS, to facilitate timely delivery of shares to subscribers in the Private Placement.
Aker currently owns 98,242,575 shares in Ocean Yield, which represents 66.2% of the share capital in the company. Following completion of the Private Placement and re-delivery of the borrowed shares to Aker, Aker will own a total of 98,242,575 shares in Ocean Yield, representing 61.7% of the company's share capital.
Aker is represented on the Board of Directors of Ocean Yield.
For further information, please contact:
Investors:
Per Kristian Reppe, Investment Manager & Head of Investor Relations
Phone: +47 24 13 00 67
Mobile: +47 90 03 32 03
Media:
Atle Kigen, Head of Corporate Communications
Phone: +47 24 13 00 08
Mobile: +47 90 78 48 78
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This information is subject to the disclosure requirements pursuant to sections 4-2 and 4-3 of the Norwegian Securities Trading Act.