August 14, 2020 - Aker Solutions ASA has today held an extraordinary general
meeting at the company's headquarters in Fornebu, Norway.
The general meeting approved the proposed distribution of dividend in the form
of 271,942,753 shares in Aker Offshore Wind Holding AS and 271,942,753 shares in
Aker Carbon Capture AS (jointly, the "Dividend Shares"). Minutes of the meeting
are attached and available on https://akersolutions.com/egm-140820
The dividend will be distributed to those who are shareholders in Aker Solutions
as per the expiry of August 14, 2020, as registered with the Company's
shareholder register with the VPS as per the expiry of August 18, 2020 (the
"Eligible Shareholders"), and the Aker Solutions share will be traded ex
-dividend on Oslo Stock Exchange from and including August 17, 2020. The
dividend in the form of the Dividend Shares is expected to be distributed on or
about August 26, 2020. At the same time the Dividend Shares are expected to be
admitted to trading on Merkur Market.
The distribution implies that one share in Aker Solutions entitles the owner to
receive one share in each of Aker Offshore Wind Holding AS and Aker Carbon
Capture AS. However, for Eligible Shareholders subject to withholding tax (the
"WHT Shareholders"), 25 percent of the Dividend Shares distributable to each of
such shareholders will be withheld (the "Withheld Dividend Shares"), whereas the
remaining 75 percent will be distributed on or about August 26, 2020. Fractions
of Dividend Shares will not be distributed, and for each WHT Shareholder the
Withheld Dividend Shares will be rounded up to the nearest whole number.
The Company will arrange for Withheld Dividend Shares to be sold for payment of
the relevant withholding tax. The withholding tax will be calculated based on
the subscription price in each of Aker Carbon Capture AS and Aker Offshore Wind
Holding AS in the private placements that was announced by Aker Solutions in
stock exchange notices published on August 12 and 14, 2020.
Should Aker Solutions, in respect of a WHT Shareholder, sell a larger portion of
the Withheld Dividend Shares than is necessary to cover the relevant withholding
tax applicable to such WHT Shareholder, the excess net cash received from sale
of such shares - based on the price for calculating the withholding tax as set
out above - will be distributed to such WHT Shareholder in the form of a cash
payment on or about October 1, 2020.
ENDS
Media Contact:
Ivar Simensen, mob: +47 464 02 317, email: ivar.simensen@akersolutions.com
Investor Contact:
Fredrik Berge, mob: +47 450 32 090, email: fredrik.berge@akersolutions.com
Aker Solutions helps the world meet its energy needs. We engineer the products,
systems and services required to unlock energy. Our goal is to maximize recovery
and efficiency of oil and gas assets, while using our expertise to develop the
sustainable solutions of the future. Aker Solutions employs approximately 13,000
people in more than 20 countries.
Visit akersolutions.com and connect with us on
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LinkedIn (https://www.linkedin.com/company/aker-solutions),
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YouTube (https://www.youtube.com/akersolutions).
This press release may include forward-looking information or statements and is
subject to our disclaimer, see https://akersolutions.com
This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.