Aker Carbon Capture ASA Approves Major Transaction and Dividend Plan at Extraordinary General Meeting

Aker Carbon Capture ASA's Extraordinary General Meeting: Key Decisions Made

On June 6, 2025, Aker Carbon Capture ASA (ACC) convened an extraordinary general meeting to discuss pivotal actions pertaining to the company's future and shareholder benefits. The meeting marked a significant step following ACC's announcement on May 15, 2025, regarding its decision to sell a 20% stake in SLB Capturi to Aker ASA. This transaction is set against the backdrop of the company's ambition to streamline its operations and enhance shareholder value.

Approval of Transaction

During the meeting, stakeholders unanimously approved the transaction involving the transfer of ACC's ownership interest in SLB Capturi to Aker ASA. This move not only strengthens Aker ASA’s position but also represents a strategic decision for ACC to focus on its core competencies in carbon capture technology. The decision highlights ACC's commitment to reinforce its operational framework and align with partners that share its vision for a sustainable future.

Dividend Distribution Announcement

Another vital outcome of the meeting was the approval of a substantial cash dividend. ACC will distribute NOK 2.86 per share, totaling approximately NOK 1.7 billion. The decision to return this capital to shareholders was based on the audited interim balance sheet as of May 14, 2025, which demonstrated the company’s robust financial health. Shareholder satisfaction was evident, as this distribution underscores ACC's dedication to providing value to its investors while pursuing growth.

Timeline for Dividend Payment

The approved dividend will be paid to shareholders registered as of June 6, 2025, with a payment date set for around June 20, 2025. Additionally, shares will begin trading without the right to the dividend from June 10, 2025. This timeline ensures that current investors can benefit from this strategic move, reinforcing their investment in Aker Carbon Capture.

Changes to Corporate Purpose

Another crucial item on the agenda was the amendment to ACC's purpose articulated in its articles of association. This change reflects the company's evolving strategy in the carbon capture market and its commitment to adapting to industry dynamics and investor expectations. The adjustments aim to enhance operational focus and align corporate objectives with broader environmental goals.

About Aker Carbon Capture ASA

Founded in 2020, Aker Carbon Capture ASA has leveraged over two decades of carbon capture technology development. This was highlighted by the establishment of a joint venture, SLB Capturi, in June 2024, where SLB holds the majority stake, reinforcing ACC's role in significant carbon capture initiatives.

With sustainability becoming increasingly critical globally, Aker Carbon Capture's endeavors reflect its proactive approach to tackling climate change while providing an attractive investment opportunity for shareholders.

Conclusion

The decisions made at this extraordinary general meeting indicate a transformative phase for Aker Carbon Capture ASA. As it moves forward with strategic sales and shareholder value enhancement through dividends, ACC is set on a path that promises expansion, sustainability, and long-term profitability, ensuring that it remains at the forefront of the global carbon capture industry.