Aker Horizons ASA Shares Updates on Significant Merger with Aker ASA

Aker Horizons ASA: Key Updates on the Merger with Aker

In a recent announcement, Aker Horizons ASA confirmed significant developments regarding its merger with Aker ASA, which was initially disclosed to the public on May 9, 2025. The merger involves Aker Horizons' subsidiary, Aker Horizons Holding AS, joining forces with Aker Holdings AS, a subsidiary of Aker ASA. This strategic move aims to strengthen Aker Horizons' market position in the renewable energy sector and enhance shareholder value.

The extraordinary general meeting (EGM) took place on June 6, 2025, where it was disclosed that Aker Horizons would distribute all shares in Aker Horizons Holding AS as a dividend to its shareholders. This decision allows shareholders to receive direct benefits from the merger.

The creditor notice period for the merger concluded on July 17, 2025, and the board of directors confirmed that all conditions to proceed with the distribution of shares have been fulfilled. Accordingly, the company announced that shareholders will receive the Dividend Shares on September 4, 2025, as registered in the company’s shareholder register on September 8, 2025.

Upon the conclusion of this process, shareholders in Aker Horizons will receive NOK 0.267963 in cash and 0.001898 shares in Aker ASA for each share they hold in Aker Horizons. Importantly, the merger consideration will not include fractional shares. Instead, shares issued to eligible shareholders will be rounded down to the nearest whole number or zero shares. Any remainder will be sold by DNB Bank ASA, and the net proceeds are expected to be distributed proportionately among the affected shareholders.

After the merger’s completion, shareholders will retain their Aker Horizons shares in addition to the Aker ASA consideration shares distributed in the transaction. The expected delivery of the merger consideration shares and cash is planned for around September 12, 2025.

The completion of the merger will leave Aker Horizons with a cash reserve of approximately NOK 20 million, as well as NOK 1.6 billion in convertible debt, alongside a receivable from Aker Horizons Holding AS. Importantly, Aker Horizons will continue trading on the Oslo Stock Exchange following the merger.

Moving forward, Aker Horizons' board of directors will focus on refining the company's strategy and structure after the merger's successful conclusion. Potential impact on future operations and objectives remains to be determined, with the board committed to providing updates as strategic decisions are finalized.

For shareholders seeking further information on Aker ASA, refer to their official website at www.akerasa.com.

This announcement comes as part of Aker Horizons' commitment to transparency regarding shareholder interests and corporate governance practices. For additional inquiries, interested parties can contact Investor Relations or the media, as detailed in the company's latest update.

Overall, Aker Horizons looks forward to establishing its enhanced operational framework post-merger, ensuring stakeholders benefit from this transformative merger within the renewable energy landscape.