Reference is made to the stock exchange announcements by Aker Horizons ASA (the “Company” or “Aker Horizons”) today regarding the expiration of the creditor notice period for the triangular mergers with Aker Offshore Wind AS (“Aker Offshore Wind” or “AOW”) and Aker Clean Hydrogen AS (“Aker Clean Hydrogen” or “ACH”), whereby Aker Horizons will issue consideration shares in both mergers, and the respective merging companies’ resolution to complete the mergers.
The mergers have now been completed by registration in the Norwegian Register of Business Enterprises (“NRBE”). The mergers contemplate that the Company’s wholly-owned subsidiaries, AH Tretten AS and AH Seksten AS, will absorb all of the assets, rights and obligations of AOW and ACH, respectively, and that AOW and ACH are dissolved.
As a result, Aker Horizons has resolved to issue 80,612,586 new ordinary shares as merger consideration to the relevant eligible shareholders in AOW and ACH. The resolution to increase the Company’s share capital is based on the authorization granted to the board by the ordinary general meeting held in the Company on 22 April 2022. The Company’s new share capital is accordingly NOK 690,348,751, divided into 690,348,751 shares, each having a nominal value of NOK 1.00.
About Aker Horizons
Aker Horizons develops green industrial projects and technologies that accelerate the net zero transition. The company holds assets across renewable energy and carbon capture, and develops green industrial hubs that combine low-cost renewable energy with hydrogen production and downstream applications. As part of the Aker group and its 180-year industrial heritage, Aker Horizons applies industrial, technological and capital markets expertise to solve fundamental challenges to sustainable existence. Aker Horizons is listed on the Oslo Stock Exchange and headquartered in Fornebu, Norway. Through its portfolio companies, Aker Horizons employs over 1,200 people across 18 countries and five continents. www.akerhorizons.com.