Aker Horizons ASA Updates on Major Merger with Aker ASA

Aker Horizons ASA: Update on Merger with Aker

Aker Horizons ASA, based in Fornebu, Norway, has recently provided a significant update on its planned merger with Aker ASA. This development was first announced on May 9, 2025, when the company detailed the merger involving its subsidiary Aker Horizons Holding AS (AKHH) and AKH HoldCo AS, which is linked to Aker ASA.

The extraordinary general meeting (EGM) held on June 6, 2025, was a crucial step in this merger process. During the EGM, it was determined that Aker Horizons would distribute all shares of AKHH as a dividend in-kind, a move aimed at allowing shareholders to directly benefit from the merger’s implications.

The deadline for creditors to raise any concerns regarding the merger concluded on July 17, 2025. Following this, the board of directors confirmed that all prerequisites for distributing the dividend shares had been met, leading to the decision to allocate shares to shareholders starting September 4, 2025, based on the official shareholder register available on September 8, 2025.

Upon the successful distribution of these dividend shares, Aker Horizons anticipates the merger to be finalized within the first half of September 2025. Active shareholders will receive compensation in the form of cash valued at NOK 0.267963 and additional shares of Aker ASA, quantified as 0.001898 shares per share held in Aker Horizons. It’s important to note that fractional shares of Aker ASA will not be issued; consequently, any amounts not resulting in whole shares will be sold by DNB Bank ASA per Aker ASA's directives, with resultant earnings shared among the shareholders who experienced share rounding down.

Eligible shareholders can expect to see the merger consideration shares credited to their VPS accounts, alongside the cash payment around September 12, 2025. Importantly, stakeholders will continue to hold their Aker Horizons shares, in addition to the new Aker ASA shares post-merger.

In the aftermath of the merger, Aker Horizons will report a strong cash position of approximately NOK 20 million and NOK 1.6 billion in convertible debts, along with an equivalent receivable from AKHH. The company will continue to retain its status on the Oslo Stock Exchange.

In light of the merger completion, Aker Horizons is embarking on re-evaluating its strategy and structural approaches, with updates expected as evaluations finalize.

For future inquiries or detailed information, investors and interested parties may contact the company through its designated channels. Further exploration into Aker ASA can also be pursued at their official website, www.akerasa.com.