Aker Horizons ASA has made significant announcements regarding its upcoming dividend payment, set to provide shareholders with shares in its subsidiary, Aker Horizons Holding AS (AKHH), following the completion of a merger with AKH HoldCo AS. This development represents a strategic move to directly benefit shareholders from the merger's outcome.
Key Details of the Dividend Payment
The payment is structured as a dividend-in-kind, with each shareholder eligible to receive one (1) share of AKHH for every share held in Aker Horizons. Here are the essential details:
- - Declared Currency: The dividend will be distributed in Norwegian Krone (NOK).
- - Approval Date: The dividend payment was approved on June 6, 2025.
- - Key Dates:
- The last day to include the right to the dividend is September 4, 2025.
- The ex-dividend date is September 5, 2025.
- The record date, which determines the shareholders eligible for the dividend, is set for September 8, 2025.
- The payment date, during which the shares are expected to be delivered, is around September 12, 2025.
Additional Information
Following the dividend payment, it is anticipated that the AKHH shares will soon be exchanged for shares in Aker ASA, quantified at approximately 0.001898 shares per AKHH share held (subject to rounds), in addition to a cash amount of NOK 0.267963 for each AKHH share. This transition is contingent upon the successful completion of the merger.
From a tax perspective, the dividend in-kind is classified as a repayment of paid-in capital, meaning it is not subject to Norwegian withholding tax. This tax benefit makes the investment more appealing for shareholders.
Shareholder Perspective
Shareholders of Aker Horizons will not only receive the newly allocated shares from the merger but will also retain their existing shares in Aker Horizons. This dual benefit could potentially enhance overall shareholder value as the company grows and advances in its strategic initiatives.
For those requiring further clarification or additional details regarding the merger and dividend, Aker Horizons has provided contact points:
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Investor Relations: For inquiries related to investments, Jonas Gamre is available at +47 97 11 82 92 or via email at [email protected]
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Media Inquiries: Questions from the media can be directed to Mats Ektvedt at +47 41 42 33 28 or through the email [email protected]
The announcements from Aker Horizons highlight the company’s commitment to enhancing shareholder value through strategic mergers and providing tangible benefits via dividends. As the market continues to evolve, the impacts of these developments will be closely observed by shareholders and analysts alike. This illustrates Aker Horizons' proactive approach in fostering a responsive relationship with its stakeholders while navigating through complex financial landscapes.