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AKVA group ASA MANDATORY NOTIFICATION OF TRADE


In connection with the rights issue in AKVA group ASA of 8 611 434 shares at a subscription price of NOK 11,- announced on 24 May 2011 the following is announced on behalf of Frode Teigen, who is a board member of AKVA group ASA:

 

Frode Teigen has on 17 June 2011 transferred 2,750,000 subscription rights to Kontrari AS, which is 100 % owned by Frode Teigen. Following the transfer, Kontrari AS has subscribed for 2,750,000 new shares.

 

Egersund Group AS, where Frode Teigen owns 50.0 % of the shares, has on 17 June 2011 bought 343 000 subscription rights for a price of NOK 0.02 and has subsequently subscribed for 343,000 shares in the rights issue. Egersund Group AS does not own shares in AKVA group prior to the rights issue.

 

Frode Teigen, Kontrari AS and Egersund Group AS will own 8,593,000 shares corresponding to 33.3 % of the shares in AKVA group when the above shares have been issued.

 

Shares subscribed in the rights issue are expected to be issued on or about 5 July 2011.

 

 

Bryne, 20th June 2011
AKVA group ASA

 

Web: www.akvagroup.com

 

 

CONTACTS:

 

 

Trond Williksen Chief Executive Officer
Phone: +47 51 77 85 00
Mobile: +47 91 63 01 73
E-mail: twilliksen@akvagroup.com

 

 

Morten Nærland Chief Financial Officer
Phone: +47 51 77 85 00
Mobile: +47 91 80 40 32
E-mail: mnaerland@akvagroup.com

 

 

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AKVA group is the leading provider of technology to the global fish farming industry and the only with global distribution. The products consist of software systems, operational equipment and sensor systems, feed systems, cage systems, net cleaning systems, light systems and recirculation aquaculture systems.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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