03.04.2025
Solstad Offshore ASA – Mandatory Notification of Trade
Skudeneshavn, 2 April 2025
Reference is made to the stock exchange announcement made by AMSC ASA (“AMSC”) on 25 November 2024 relating to Aker Capital AS’ (“Aker Capital”) total return swap (“TRS”) agreements with financial exposure to 22,155,088 underlying shares in AMSC.
Reference is further made to the stock exchange announcement made by AMSC on 1 April 2025 regarding proposal to distribute 91,422,601 shares in Solstad Maritime Holding AS (“SMH”) as dividend-in-kind to its shareholders in connection with the contemplated listing of SMH on Euronext Oslo Børs.
The shares in SMH are linked to the shares in Solstad Offshore ASA (“SOFF”), cf. the Market Abuse Regulation article 19.
Aker Capital, a wholly owned subsidiary of Aker ASA and close associate of Frank O. Reite (board member in SOFF and SMH), has today exercised a right under the TRS agreements to assume the SMH shares that are to be received by the TRS counterparties as dividend-in-kind from AMSC on the hedge shares held by them in connection with the TRS agreements.
Please see attachment for more information regarding the transactions in accordance with Regulation EU 596/2014 (MAR) article 19.
This information is subject to the disclosure requirements pursuant to Article 19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.