Reference is made to the previous announcements by Aker Philadelphia Shipyard ASA (Trading symbol: AKPS) (the "Company") regarding the equity raise in the Company, consisting of a private placement of shares, for gross proceeds of NOK 371 million, or approximately USD 60 million (the "Private Placement"), and a contemplated subsequent offering of shares, for gross proceeds of up to NOK 55.6 million, or approximately USD 9 million (the "Subsequent Offering").
The Norwegian Financial Supervisory Authority (Nw. Finanstilsynet) has today approved the prospectus for the listing of 2,250,000 new shares in the Company, issued under the Private Placement, and the offering and listing of up to 337,000 new shares in the Company, to be issued under the Subsequent Offering. Further information will be published in due course.
This information is subject to disclosure under the Norwegian Securities Trading Act, Section 5-12.