Has the USD49 mil for the 49% equity stake in AOD been paid yet?
Yes. Mermaid’s total consideration for the subscription is USD 49,000,000 (United States Dollars Forty Nine Million), equivalent to NOK 287,630,000. This represents the subscription of 9,800,000 shares (equivalent to 49%) in AOD, at a value of USD 5.00 per share, equivalent to NOK 29.35 per share. The Subscription forms part of a total of NOK 587,000,000, or approximately USD 100 million of funds raised through the Private Placement.
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