Aker Carbon Capture ASA Announces Significant Dividend Payment Following Ownership Sale
On May 14, 2025, Aker Carbon Capture ASA (ACC) made a significant announcement regarding its financial strategy. Following a recent agreement to divest its 20% stake in SLB Capturi to Aker ASA, ACC is poised to implement a cash dividend scheme for its shareholders. This dividend, set at NOK 2.86 per share, represents a substantial total payout of approximately NOK 1.7 billion, reflecting the company’s robust financial positioning and commitment to shareholder returns.
The decision to offer a cash dividend comes after an extraordinary meeting of the board where the details of the sale were discussed and finalized. The sale to Aker ASA marks a pivotal moment for ACC, emphasizing its strategy to streamline operations and bolster its financial framework. The proposed dividend payment is pending approval from an extraordinary general meeting (EGM), which is scheduled to be held on June 6, 2025. Shareholders are expected to affirm the dividend alongside the audited interim balance sheet as of May 14, 2025.
This strategic move is part and parcel of ACC's broader objectives to optimize its portfolio and enhance returns for stakeholders. Since its establishment in 2020, Aker Carbon Capture has been dedicated to advancing carbon capture technology, building on over two decades of expertise in the field.
As part of its evolving business model, the joint venture established with SLB in June 2024 has allowed ACC to explore new avenues for growth. With SLB holding an 80% stake in SLB Capturi, and ACC retaining a 20% indirect ownership through subsidiary Aker Carbon Capture AS, the recent transaction is viewed not merely as a sale but as a strategic asset reallocation aimed at fostering long-term value creation.
Mats Ektvedt, spokesperson for Aker Carbon Capture, stressed that this move aligns well with their overarching strategy of ensuring a lucrative return on investment for shareholders while maintaining an emphasis on environmental sustainability through innovative technologies in carbon capture.
In conclusion, as the extraordinary general meeting approaches, stakeholders and investors are keenly awaiting the outcome that will determine the future of this dividend payment. This initiative by Aker Carbon Capture signifies their commitment to delivering value while continuing to invest in breakthrough technologies for a sustainable future. For further updates, stakeholders are encouraged to stay connected through official communication channels, as ACC navigates this transformative chapter in its corporate journey.
The decision to offer a cash dividend comes after an extraordinary meeting of the board where the details of the sale were discussed and finalized. The sale to Aker ASA marks a pivotal moment for ACC, emphasizing its strategy to streamline operations and bolster its financial framework. The proposed dividend payment is pending approval from an extraordinary general meeting (EGM), which is scheduled to be held on June 6, 2025. Shareholders are expected to affirm the dividend alongside the audited interim balance sheet as of May 14, 2025.
Key Details of the Dividend Payment
- - Dividend Amount: NOK 2.86 per share
- - Declared Currency: NOK
- - Approval Date: The approval is contingent upon EGM decisions that are anticipated to take place on June 6, 2025.
- - Last Day for Inclusion Rights: June 6, 2025
- - Ex-Dividend Date: June 10, 2025
- - Record Date: June 11, 2025
- - Payment Date: Expected around June 20, 2025, following the registration of the audited interim balance.
This strategic move is part and parcel of ACC's broader objectives to optimize its portfolio and enhance returns for stakeholders. Since its establishment in 2020, Aker Carbon Capture has been dedicated to advancing carbon capture technology, building on over two decades of expertise in the field.
As part of its evolving business model, the joint venture established with SLB in June 2024 has allowed ACC to explore new avenues for growth. With SLB holding an 80% stake in SLB Capturi, and ACC retaining a 20% indirect ownership through subsidiary Aker Carbon Capture AS, the recent transaction is viewed not merely as a sale but as a strategic asset reallocation aimed at fostering long-term value creation.
Mats Ektvedt, spokesperson for Aker Carbon Capture, stressed that this move aligns well with their overarching strategy of ensuring a lucrative return on investment for shareholders while maintaining an emphasis on environmental sustainability through innovative technologies in carbon capture.
In conclusion, as the extraordinary general meeting approaches, stakeholders and investors are keenly awaiting the outcome that will determine the future of this dividend payment. This initiative by Aker Carbon Capture signifies their commitment to delivering value while continuing to invest in breakthrough technologies for a sustainable future. For further updates, stakeholders are encouraged to stay connected through official communication channels, as ACC navigates this transformative chapter in its corporate journey.
Topics Financial Services & Investing）
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