Following closing of the transaction with Lundin Energy AB on 30 June 2022, Aker
BP ASA ("Aker BP") aims at consolidating the activities of certain former Lundin
Energy subsidiaries into Aker BP.
As a first step, a merger is proposed between Aker BP as the surviving entity
and ABP Energy Holding B.V ("AEH"), a wholly owned Dutch subsidiary. The
proposed merger will be executed without any consideration in accordance with
simplified rules on parent-subsidiary mergers. Upon completion of the merger,
Aker BP will assume all assets, rights and obligations of AEH without
consideration, and AEH will simultaneously be dissolved.
The boards of directors of Aker BP and AEH have now signed a joint merger plan
for the proposed merger which is available on https://akerbp.com/general
-meeting/.
The proposed merger plan will be presented to the general meeting of Aker BP for
approval on or about 26 August 2022 (the notice of this general meeting is
announced separately).
Contact:
Kjetil Bakken, VP Investor Relations, tel.: +47 918 89 889
About Aker BP:
Aker BP is an independent E&P company with exploration, development and
production activities on the Norwegian Continental Shelf. Aker BP is the
operator of Alvheim, Edvard Grieg, Ivar Aasen, Skarv, Valhall, Hod, Ula and
Tambar. The company is also a partner in the Johan Sverdrup field. Aker BP is
headquartered at Fornebu, Norway, and is listed on the Oslo Stock Exchange under
the ticker 'AKRBP'. More about Aker BP at www.akerbp.com.
This information is subject to disclosure requirements pursuant to section 5-12
of the Norwegian Securities Trading Act.