Aker Philadelphia Shipyard AKPS), a leading U.S. commercial shipyard constructing vessels for operation in the Jones Act market, has on July 25, 2014 purchased 1,465 shares in the Company on Oslo Axess at an average price of NOK 158.68 per share, implying a total consideration of NOK 232,466. Following the transaction, AKPS holds a total of 9,785 own shares, constituting approximately 0.08% of the Company's shares and votes.
Reference is made to Aker Philadelphia Shipyard ASA's (the "Company") (Oslo: AKPS) stock exchange notice of 17 July 2014 where AKPS announced a buyback program for up to 10% of the Company's share capital. The buyback program is carried out in accordance with an authorization granted by the Annual General Meeting of the Company held on 9 April 2014.