Geveran Trading Co. Ltd. ("Geveran") has, today, agreed to purchase 2,586,786 shares in Aktiv Kapital ASA ("Aktiv") at a price of NOK 24.50 per share.
The purchase will increase Geveran's total ownership in Aktiv to 21,454,548 shares corresponding to 45.46% of all outstanding shares in Aktiv.
Geveran's purchase of the shares triggers an obligation to make a bid for all of the shares in accordance with Section 6 of the Norwegian Securities Trading Act. Geveran will make such offer within the timeframe defined for this in the Act.
Geveran has agreed to purchase the shares following an unsolicited offer to buy these at a price which Geveran considered attractive. Geveran has presently no intention to increase its ownership in Aktiv beyond such number of shares as will be offered to it pursuant to the mandatory offer.