Aker Carbon Capture ASA: Key information relating to payment of cash dividend in March 2025

Rhea-AI Summary

Aker Carbon Capture has announced plans for an extraordinary dividend distribution to shareholders. The company's Board of Directors has proposed a total dividend of NOK 5.80 per share, to be paid in two installments: NOK 4.82 in March 2025 and NOK 0.98 in May 2025.

The March 2025 dividend payment is subject to approval at the extraordinary general meeting (EGM) scheduled for March 7, 2025. Key dates for the March dividend include: last day including right (March 7), ex-date (March 10), record date (March 11), and payment date (around March 19, 2025).

Positive

• Substantial extraordinary dividend of NOK 5.80 per share announced
• Structured payment approach with two installments provides near-term shareholder returns

Negative

• May dividend payment is contingent on completion of a proposed capital reduction

FORNEBU, Norway, Feb. 12, 2025 /PRNewswire/ -- Reference is made to the announcement by Aker Carbon Capture ASA (the "Company") on 12 February 2025 where the Board of Directors announced, among other things, that it had resolved to propose to the Company's extraordinary general meeting expected to be held on 7 March 2025 (the "EGM") an extraordinary dividend to the Company's shareholders of NOK 5.80 per share, of which NOK 4.82 per share is proposed to be paid in March 2025 and NOK 0.98 is proposed to be paid in May 2025 subject to completion of a proposed capital reduction.

Below is key information relating to the proposed dividend payment in March 2025. Please see a separate key information notice regarding the proposed dividend payment in May 2025.

Dividend amount: NOK 4.82 per share

Declared currency: NOK

Approval date: The proposed dividend is subject to approval by the EGM expected to be held on 7 March 2025

Last day including right: 7 March 2025

Ex-date: 10 March 2025

Record Date: 11 March 2025

Payment date: On or about 19 March 2025

For further information:

Media and Investors:

Mats Ektvedt, mobile: +47 41 42 33 28,

email: mats.ektvedt@corporatecommunications.no

This information is published in accordance with the requirements of the Continuing Obligations.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/aker-carbon-capture-asa/r/aker-carbon-capture-asa--key-information-relating-to-payment-of-cash-dividend-in-march-2025,c4104664

View original content:https://www.prnewswire.com/news-releases/aker-carbon-capture-asa-key-information-relating-to-payment-of-cash-dividend-in-march-2025-302375013.html

SOURCE Aker Carbon Capture ASA

FAQ

What is the total dividend amount announced by Aker Carbon Capture (AKCCF)?

Aker Carbon Capture announced a total extraordinary dividend of NOK 5.80 per share, split into two payments: NOK 4.82 in March 2025 and NOK 0.98 in May 2025.

When is the ex-dividend date for AKCCF's March 2025 dividend payment?

The ex-dividend date for the March 2025 payment is March 10, 2025.

What is the payment date for AKCCF's March 2025 dividend distribution?

The payment date for the March 2025 dividend is scheduled for on or about March 19, 2025.

What conditions must be met for AKCCF's May 2025 dividend payment?

The May 2025 dividend payment of NOK 0.98 is subject to the completion of a proposed capital reduction.

When is the EGM for approving AKCCF's extraordinary dividend?

The extraordinary general meeting (EGM) is expected to be held on March 7, 2025.