#Norway #Aker Carbon Capture #Fornebu #SLB Capturi #Aker ASA

Aker Carbon Capture ASA Holds Extraordinary General Meeting

On June 6, 2025, Aker Carbon Capture ASA (ACC) conducted an extraordinary general meeting following a stock exchange announcement made on May 15, 2025. This meeting was convened to discuss pivotal decisions regarding ACC's ownership stake in SLB Capturi and to propose a dividend for shareholders.

The extraordinary general meeting successfully approved all agenda items put forth by the board of directors. Among the resolutions was the acceptance of an audited interim balance sheet for ACC as of May 14, 2025. This step is crucial as it sets the groundwork for the subsequent financial decisions made during the meeting.

One significant outcome is the approval of a cash dividend of NOK 2.86 per share. This translates to approximately NOK 1.7 billion to be distributed among shareholders, marking a strong return for ACC's investors. The dividend is slated to be disbursed on or around June 20, 2025, to all shareholders recorded as of June 6, 2025, in the VPS (Norwegian Central Securities Depository). Notably, from June 10, 2025, shares will trade without the entitlement to the dividend, a common practice in stock trading that reflects new entitlements following such announcements.

In addition to the dividend decision, the board proposed amendments to ACC's purpose as outlined in its articles of association, reflecting the company's evolution in strategic direction. These changes underscore ACC's commitment not just to financial growth but also to adapting its operational goals in alignment with market demands and opportunities.

The backdrop of this extraordinary meeting is underscored by ACC's transaction with Aker ASA. On May 9, 2025, ACC announced an agreement for Aker to acquire its 20% ownership in SLB Capturi, a joint venture established in June 2024 where SLB holds an 80% stake. Aker Carbon Capture's subsidiary, Aker Carbon Capture AS, was responsible for this ownership interest, and the decision to sell indicates ACC's strategic realignment in the face of evolving market landscapes.

This latest development exemplifies the robust framework ACC has built since its establishment as an independent entity in 2020, leveraging over two decades of innovation in carbon capture technology. Aker Carbon Capture has been steadfast in navigating the complexities of the energy sector while fostering partnerships that enhance its operational capacity and market reach.

In summary, the extraordinary general meeting concluded with favorable outcomes for shareholders and a clear vision moving forward. The dividend distribution reaffirms ACC’s financial health and commitment to returning value to shareholders, while strategic adjustments within the company highlight ongoing efforts to adapt and thrive in a competitive market.

For additional insights regarding the transaction and further details about the extraordinary general meeting, ACC’s announcements from May 9 and subsequent updates on corporate actions will be pivotal in understanding the future trajectory of Aker Carbon Capture ASA.