Aker Carbon Capture ASA Holds Extraordinary Meeting Amid Liquidation Process
On October 1, 2025, Aker Carbon Capture ASA (ACC), currently undergoing liquidation, announced the receipt of a notice from Andreas Møller, representing over 5% of the company's shares, calling for an extraordinary general meeting. This meeting is intended to address three key points:
1. The request to overturn the previous decision made on August 5, 2025, to liquidate the company.
2. The effort to reverse the decision to delist the company's shares from Euronext Oslo Børs.
3. A proposal for a corporate investigation regarding the sale of a 20% interest in Aker Carbon Capture AS's subsidiary, SLB Capturi AS, to Aker Capital.
The board of directors has stated that they do not see grounds for such a corporate investigation as proposed by Møller. It was emphasized that the details surrounding the sale of the shares in SLB Capturi AS have been publicly disclosed for over five months. This transaction was the result of a thorough strategic review involving external legal and financial advisors, ultimately deemed the most favorable option for the company and its shareholders. By facilitating this sale, ACC accelerated the return of capital to its shareholders, allowing for an anticipated value return in 2025, two years ahead of the original 2027 timeline.
Following the request from Møller, the board will evaluate the situation in accordance with the Norwegian Public Limited Liability Companies Act, and will follow up with decisions regarding the extraordinary general meeting.
As the liquidation process was officially determined on August 5, 2025, the company is now under liquidation. This decision came due to the cessation of all operational activities within the company, along with no plans to resume such activity in the future. As a result, the board has an obligation to manage the liquidation in a cost-effective manner for all shareholders.
On September 26, 2025, the board informed shareholders of an extraordinary general meeting scheduled for October 17, 2025, at 12:00 CEST (Central European Summer Time), where the liquidation settlement will be subject to approval. Additionally, the directors have decided to issue a liquidation dividend of NOK 0.141 per share, which totals approximately NOK 85.2 million.
However, accommodating Møller's request for an extraordinary general meeting will incur additional administrative and legal costs. Consequently, the liquidation dividend will be adjusted to NOK 0.137 per share, totaling approximately NOK 82.8 million to factor in these extra expenses. The dates regarding this revised liquidation dividend will be provided separately.
Further information, including the documents related to the extraordinary general meeting, will be available at www.akercarboncaptureasa.com. Shareholders can find the participation link and guidelines for online attendance as well.
For media inquiries, Mats Ektvedt can be contacted at mobile +47 41 42 33 28 or via email at [email protected]
This timeless situation emphasizes the challenges companies face during liquidation. The ongoing evaluations and decisions regarding shareholder interests remain crucial, highlighting the dynamic interaction between management and stakeholders in these critical times. Transparency in the processes is vital as the board navigates through complex corporate governance issues, ensuring that the rights and interests of the shareholders are upheld during this period of transition.
1. The request to overturn the previous decision made on August 5, 2025, to liquidate the company.
2. The effort to reverse the decision to delist the company's shares from Euronext Oslo Børs.
3. A proposal for a corporate investigation regarding the sale of a 20% interest in Aker Carbon Capture AS's subsidiary, SLB Capturi AS, to Aker Capital.
The board of directors has stated that they do not see grounds for such a corporate investigation as proposed by Møller. It was emphasized that the details surrounding the sale of the shares in SLB Capturi AS have been publicly disclosed for over five months. This transaction was the result of a thorough strategic review involving external legal and financial advisors, ultimately deemed the most favorable option for the company and its shareholders. By facilitating this sale, ACC accelerated the return of capital to its shareholders, allowing for an anticipated value return in 2025, two years ahead of the original 2027 timeline.
Following the request from Møller, the board will evaluate the situation in accordance with the Norwegian Public Limited Liability Companies Act, and will follow up with decisions regarding the extraordinary general meeting.
As the liquidation process was officially determined on August 5, 2025, the company is now under liquidation. This decision came due to the cessation of all operational activities within the company, along with no plans to resume such activity in the future. As a result, the board has an obligation to manage the liquidation in a cost-effective manner for all shareholders.
On September 26, 2025, the board informed shareholders of an extraordinary general meeting scheduled for October 17, 2025, at 12:00 CEST (Central European Summer Time), where the liquidation settlement will be subject to approval. Additionally, the directors have decided to issue a liquidation dividend of NOK 0.141 per share, which totals approximately NOK 85.2 million.
However, accommodating Møller's request for an extraordinary general meeting will incur additional administrative and legal costs. Consequently, the liquidation dividend will be adjusted to NOK 0.137 per share, totaling approximately NOK 82.8 million to factor in these extra expenses. The dates regarding this revised liquidation dividend will be provided separately.
Further information, including the documents related to the extraordinary general meeting, will be available at www.akercarboncaptureasa.com. Shareholders can find the participation link and guidelines for online attendance as well.
For media inquiries, Mats Ektvedt can be contacted at mobile +47 41 42 33 28 or via email at [email protected]
This timeless situation emphasizes the challenges companies face during liquidation. The ongoing evaluations and decisions regarding shareholder interests remain crucial, highlighting the dynamic interaction between management and stakeholders in these critical times. Transparency in the processes is vital as the board navigates through complex corporate governance issues, ensuring that the rights and interests of the shareholders are upheld during this period of transition.
Topics Financial Services & Investing）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.