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 13 May 2019 acquired 750,000 shares in Axactor SE (Axactor) at
a purchase price of NOK19.85 per share. Following the acquisition, Geveran will
own 37,907,148 shares in Axactor which will constitute 24.46% of the shares and
votes in Axactor. Geveran also holds 13,000,000 warrants exchangeable into
13,000,000 ordinary shares in Axactor (the Warrants). The Warrants entitles
Geveran to subscribe Axactor shares at NOK 32.50 per share until 24 October
2019. Assuming all Warrants are exercised, Geveran would own 50,907,148 shares
in Axactor constituting 32.85% of the shares and votes in Axactor. The foregoing
calculations are based on 154,971,114 outstanding shares in Axactor. This
information is subject to the disclosure requirements set out in sections 4-2 of
the Norwegian Securities Trading Act.


Source Url: https://newsweb.oslobors.no/message/476813