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STX NORWAY AS CONTROLS 92.46 PERCENT OF SHARES IN AKER YARDS
21.8.2008

STX' financial advisors ABG Sundal Collier have today confirmed that STX Norway AS has received acceptances from shareholders representing a total of 54,532,431 shares under the mandatory offer to acquire shares in Aker Yards. After settlement of the mandatory offer STX Norway AS will hold a total of 100,416,141 shares in AKY, corresponding to 88.39 percent of the total outstanding shares in the company.

Aker Yards holds 5,000,000 treasury shares, and STX Norway AS will therefore after settlement of the mandatory offer control more than nine tenths of the shares in Aker Yards for the purpose of the right to demand a forced transfer of the remaining shares in accordance with the Public Limited Companies Act section 4-25 and the Securities Trading Act section 6-22. STX Norway AS may therefore after settlement of the mandatory offer decide to force the transfer of the remaining shares in Aker Yards, and the remaining shareholders will be entitled to demand that STX Norway AS takes over their shares.
 
If a forced transfer takes place within three months after the expiry date of STX' mandatory offer, the acquisition price shall correspond to the price paid by STX in the mandatory offer, i.e. NOK 63, unless another price is called for on special grounds.
 
For further information, please contact:
 
Torbjørn Andersen
SVP Corporate Communication and IR
Tel: +47 92 88 55 42
 
Elise Heidenreich
Vice President Investor Relations
Tel: +47 95 14 11 47
 
 

 
   
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