The creditor notice period for the merger has now expired, in accordance with
section 13-17 of the Norwegian Public Limited Liability Companies Act, without
any creditors objecting. All conditions for completion of the merger are
therefore fulfilled. The boards of Aker Clean Hydrogen and AH Seksten AS have
therefore resolved to complete the merger by final registration in the Norwegian
Register of Business Enterprises after close of trading on the Oslo Stock
Exchange today, Friday 17 June 2022 (the "Effective Date") which will be the
last day of trading in the ACH shares on Euronext Growth (Oslo).
Eligible shareholders in ACH (other than Aker Horizons) will receive 0.2381
merger consideration shares in Aker Horizons for each share owned in ACH as of
the expiry of the Effective Date, as such shareholders appear in the shareholder
register with Euronext Securities Oslo (the "VPS") as at the expiry of Tuesday
21 June 2022 (the "Record Date").
The consideration shares will be delivered to the eligible shareholders through
VPS on Wednesday 22 June 2022. Fractions of shares will not be allotted, and the
number of consideration shares delivered to each eligible ACH shareholder will
be rounded down to the nearest whole number. Excess shares, which as a result of
this round down will not be allotted, will be issued to and sold by DNB Markets,
a part of DNB Bank ASA. The sales proceeds will be given to Aker Horizons, which
will give the sales proceeds further to charity.
The merger is executed and implemented in parallel with a contemplated
triangular merger between Aker Horizons and Aker Offshore Wind AS ("AOW"). Upon
completion of both mergers, the shareholders of ACH and AOW will receive a total
of up to 80,612,586 consideration shares in Aker Horizons.