Aker Solutions ASA: Mandatory notification of trade
Aker ASA (“Aker”) has today extended its TRS (Total Return Swap) agreement with financial exposure to 1,500,000 shares in Aker Solutions ASA.
The new expiration date of the TRS agreement is 2 May 2014. The exercise price on the agreement is NOK 83.633349 per share.
Aker owns 70 percent of the shares in Aker Kvaerner Holding AS, which in turn owns 110,333,615 shares, representing 40.3 percent of the outstanding shares in Aker Solutions. The Norwegian government, through the Ministry of Trade and Industry, owns the remaining 30 percent of Aker Kvaerner Holding.
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