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05 January 2021, 14:37 CET
AXA: Disclosure of trade
Geveran Trading Co. Limited ("Geveran"), a company indirectly controlled by trusts established by Mr. John Fredriksen for the benefit of his immediate family, has on 5 January 2021 subscribed 50,000,000 new shares in Axactor SE ("Axactor"). On the same date, the 12,779,950 shares that were conditionally allocated to Geveran in the private placement on 9 December 2020, became unconditional. All new shares were subscribed at NOK 8 per share.
Following the issuances of the new shares in Axactor, Geveran will own 122,017,772 shares, representing 44.31% of the outstanding share capital and voting rights. The foregoing calculations are based on 275,395,464 outstanding shares in Axactor. Geveran has confirmed that it will extend a mandatory offer to for the remaining shares of Axactor.
This information is subject to the disclosure requirements set out in section 4-2 of the Norwegian Securities Trading Act.