Aker Carbon Capture ASA Announces Share Capital Reduction and Dividend Distribution

Aker Carbon Capture ASA Completes Share Capital Reduction

In a notable development, Aker Carbon Capture ASA has announced the successful completion of its share capital reduction, an important step for the company’s ongoing financial strategy. The decision was taken during an extraordinary general meeting on March 7, 2025, where the shareholders voted to lower the share capital to NOK 12,084,844.36 by reducing the nominal value per share from NOK 1 to NOK 0.02.

The reduction follows a mandatory creditor notification period which lasted six weeks, concluding on April 22, 2025. With this registration now complete with the Norwegian Register of Business Enterprises, Aker Carbon is poised to move forward with a strengthened balance sheet. Each of the 604,242,218 shares of the company is now valued at NOK 0.02, reflecting a fresh start in its valuation strategy.

Moreover, the extraordinary general meeting also resolved to distribute a dividend of NOK 0.98 per share. This distribution is significant as it recognizes the contributions made by shareholders and reinforces their commitment to the company. Shareholders recorded in the VPS as of April 29, 2025, will be eligible for this dividend, which is expected to be paid on or around May 7, 2025. The company’s shares will trade without the right to this dividend starting April 28, 2025.

Aker Carbon Capture ASA was established in 2020, drawing from over two decades of experience in carbon capture technology. The company is on a path of innovation and sustainability, with a recent joint venture formed with SLB. This collaboration, named SLB Capturi, was initiated in June 2024 and is based in Oslo, where SLB owns an 80% share while Aker maintains 20%. This venture aims to leverage their combined strengths for substantial growth in the carbon management sector.

Mats Ektvedt, representing Aker Carbon Capture, expressed optimism about this strategic move during the announcement. He emphasized that reducing the nominal value per share and distributing dividends is part of a broader plan to optimize capital structure and enhance shareholder value.

As the company progresses, the focus remains on operational efficiency, technological advances, and expanding their market share in the climate-conscious economy. The future of Aker Carbon Capture ASA looks promising as it navigates through these initial changes aimed at solidifying its position in the market.

In conclusion, Aker Carbon Capture ASA is not only taking steps to streamline its operations but is also rewarding its shareholders through dividends. This combination of capital reduction and shareholder benefits signals a positive trajectory for the company as it seeks to capitalize on opportunities in the green technology sector.