Akastor ASA's (OSE: AKAST) wholly owned subsidiary Akastor AS ("Akastor") has
today received a cash distribution of approximately USD 57.4 million from NES
Fircroft.
The cash distribution derives from NES Fircroft's successful USD 650 million
senior secured bond issue on 16 July 2026, which funded a USD 350 million
dividend recapitalization. Reference is made to announcement from NES Fircroft
Bondco AS 16 July 2026 available on NewsWeb:
https://newsweb.oslobors.no/message/678332. Reference is also made to
Akastor's Q2 2026 presentation, which is available on Akastor's webpage.
Akastor's economic interest in NES Fircroft remains approximately 15%. Due to
the distribution waterfall applicable to the dividend recapitalization,
Akastor's share of the cash distribution is slightly higher than its reported
economic interest.
For further information, please contact:
Øyvind Paaske
Chief Financial Officer
Tel: +47 917 59 705
oyvind.paaske@akastor.com
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.
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About NES Fircroft:
NES Fircroft is a leading global provider of engineering workforce solutions
and technical staffing services. The company supports clients across energy,
power and renewables, infrastructure, life sciences, chemicals, mining and
technology, providing contract staffing, permanent recruitment and outsourced
workforce management solutions. NES Fircroft operates through a global network
of more than 80 offices and serves a diversified international customer base.
For further information, please visit homepage: www.nesfircroft.com
About Akastor
Akastor is a Norway-based oil-services investment company with a portfolio of
industrial holdings and other investments. The company has a flexible mandate
for active ownership and long-term value creation.
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for active ownership and long-term value creation.\