Aker Carbon Capture ASA: Minutes of Extraordinary General Meeting

Rhea-AI Summary

Aker Carbon Capture ASA (AKRCY) held an extraordinary general meeting on June 6, 2025, where shareholders approved all proposed items, including the sale of ACC's 20% ownership stake in SLB Capturi to Aker ASA and a significant cash dividend distribution. The company will distribute NOK 2.86 per share, totaling approximately NOK 1.7 billion, to shareholders of record as of June 6, 2025. The dividend payment is scheduled for June 20, 2025, with shares trading ex-dividend from June 10, 2025. The meeting also approved an audited interim balance sheet dated May 14, 2025, and amendments to ACC's articles of association regarding its purpose.

Positive

• Approval of significant cash dividend of NOK 2.86 per share (total NOK 1.7 billion) to shareholders
• Successful completion of ownership stake sale transaction with Aker ASA

Negative

• Divestment of strategic 20% ownership stake in SLB Capturi joint venture

FORNEBU, Norway, June 6, 2025 /PRNewswire/ -- Reference is made to the stock exchange announcement made by Aker Carbon Capture ASA (Aker Carbon Capture or ACC) on 15 May 2025 regarding the notice of an extraordinary general meeting in connection with the agreement to sell ACC's 20 percent ownership interest in SLB Capturi to Aker ASA (the Transaction) and the proposed dividend to ACC's shareholders as announced on 9 May 2025.

The extraordinary general meeting was held today, 6 June 2025. As follows from the attached minutes, all items on the agenda were approved as proposed by the board of directors, including the approval of an audited interim balance sheet of ACC as at 14 May 20205, the distribution of a cash dividend of NOK 2.86 per share, in total approximately NOK 1.7 billion, on the basis of the said interim balance sheet, and the amendment to ACC's purpose as set out in its articles of association.

The dividend will be paid on or about 20 June 2025 to ACC's shareholders as of 6 June 2025, as registered in the VPS as of 11 June 2025. The shares will trade exclusive of the right to receive dividend from and including 10 June 2025.

For more details about the Transaction, please refer to ACC's stock exchange announcement of 9 May 2025.

For further information:
Media and Investors: Mats Ektvedt, mobile: +47 41 42 33 28,
e-mail: mats.ektvedt@corporatecommunications.no

About Aker Carbon Capture ASA

Aker Carbon Capture ASA was established as a separate entity in 2020, building on more than 20 years long experience and maturation of the carbon capture technology within Aker. A Joint Venture between SLB and Aker Carbon Capture, SLB Capturi, was established in June 2024 with SLB owning 80% and Aker Carbon Capture ASA indirectly owning 20% through its subsidiary, Aker Carbon Capture AS.

On 9 May 2025, Aker Carbon Capture ASA and Aker ASA announced an agreement whereby Aker, through a subsidiary of Aker Capital AS, acquired the 20% ownership interest in SLB Capturi AS held by Aker Carbon Capture ASA's subsidiary Aker Carbon Capture AS.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and Euronext Oslo Rule Book II.

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--minutes-of-extraordinary-general-meeting,c4160267

The following files are available for download:

https://mb.cision.com/Public/20223/4160267/b791a8f0fa0e5b99.pdf

ACC - Minutes of EGM 6 June 2025

 

FAQ

When will Aker Carbon Capture (AKRCY) pay its approved dividend?

The dividend will be paid on or about June 20, 2025, to shareholders of record as of June 6, 2025, as registered in the VPS as of June 11, 2025.

How much is Aker Carbon Capture's dividend per share?

Aker Carbon Capture will distribute a cash dividend of NOK 2.86 per share, totaling approximately NOK 1.7 billion.

What was approved at AKRCY's extraordinary general meeting on June 6, 2025?

The meeting approved the sale of ACC's 20% stake in SLB Capturi to Aker ASA, a cash dividend distribution of NOK 2.86 per share, an audited interim balance sheet, and amendments to ACC's articles of association.

When will AKRCY shares trade ex-dividend?

The shares will trade ex-dividend (without the right to receive the dividend) from June 10, 2025.

What ownership stake did Aker Carbon Capture sell to Aker ASA?

Aker Carbon Capture sold its 20% ownership interest in SLB Capturi to Aker ASA through its subsidiary Aker Carbon Capture AS.