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Aker Carbon Capture ASA proposes a cash dividend of NOK 3.5 billion

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Aker Carbon Capture ASA (ACC ASA) has proposed an extraordinary cash dividend of NOK 5.80 per share, totaling NOK 3.5 billion. This follows the completion of a transaction in June 2024 where ACC ASA combined its carbon capture business with SLB in a joint venture, now called SLB Capturi, with ACC ASA retaining a 20% stake and SLB holding 80%.

The dividend will be distributed in two tranches: NOK 4.82 per share payable to shareholders as of March 7, 2025, and NOK 0.98 per share payable to shareholders as of April 25, 2025. The company booked a gain of NOK 4.9 billion from the sale in its consolidated accounts. The Board has also proposed reducing the company's share capital by approximately 98% to align with current operations.

Aker Carbon Capture ASA (ACC ASA) ha proposto un dividendo straordinario in contante di NOK 5.80 per azione, per un totale di 3,5 miliardi di NOK. Questo arriva dopo il completamento di una transazione avvenuta a giugno 2024, in cui ACC ASA ha fuso la sua attività di cattura del carbonio con SLB in una joint venture, ora chiamata SLB Capturi, con ACC ASA che detiene una partecipazione del 20% e SLB l'80%.

Il dividendo sarà distribuito in due tranche: NOK 4.82 per azione pagabile agli azionisti a partire dal 7 marzo 2025, e NOK 0.98 per azione pagabile agli azionisti a partire dal 25 aprile 2025. L'azienda ha registrato un guadagno di 4,9 miliardi di NOK dalla vendita nei suoi conti consolidati. Il Consiglio ha anche proposto di ridurre il capitale sociale dell'azienda di circa il 98% per allinearsi alle attuali operazioni.

Aker Carbon Capture ASA (ACC ASA) ha propuesto un dividendo extraordinario en efectivo de NOK 5.80 por acción, totalizando 3.5 mil millones de NOK. Esto sigue a la finalización de una transacción en junio de 2024 en la que ACC ASA combinó su negocio de captura de carbono con SLB en una empresa conjunta, ahora llamada SLB Capturi, con ACC ASA manteniendo una participación del 20% y SLB del 80%.

El dividendo se distribuirá en dos tramos: NOK 4.82 por acción pagadero a los accionistas a partir del 7 de marzo de 2025, y NOK 0.98 por acción pagadero a los accionistas a partir del 25 de abril de 2025. La empresa registró una ganancia de 4.9 mil millones de NOK por la venta en sus cuentas consolidadas. La Junta también ha propuesto reducir el capital social de la empresa en aproximadamente un 98% para alinearse con las operaciones actuales.

Aker Carbon Capture ASA (ACC ASA)주당 NOK 5.80의 특별 현금 배당을 제안하였으며, 총액은 35억 NOK입니다. 이는 2024년 6월 ACC ASA가 SLB와 탄소 포집 사업을 결합하여 현재 SLB Capturi라는 공동 투자 회사를 설립한 후에 이루어진 것입니다. ACC ASA는 20%의 지분을 보유하고 있고, SLB는 80%를 보유하고 있습니다.

배당금은 두 단계로 나누어 지급됩니다: 2025년 3월 7일 기준 주주에게 지급되는 주당 NOK 4.82와 2025년 4월 25일 기준 주주에게 지급되는 주당 NOK 0.98입니다. 회사는 매각에서 49억 NOK의 이익을 통합 계정에 기록했습니다. 이사회는 또한 현재 운영에 맞추기 위해 회사의 자본금을 약 98% 줄이는 것을 제안했습니다.

Aker Carbon Capture ASA (ACC ASA) a proposé un dividende exceptionnel en espèces de NOK 5.80 par action, totalisant 3,5 milliards de NOK. Cela fait suite à la réalisation d'une transaction en juin 2024 où ACC ASA a combiné son activité de capture de carbone avec SLB dans une coentreprise, maintenant appelée SLB Capturi, ACC ASA détenant 20% des parts et SLB 80%.

Le dividende sera distribué en deux tranches : NOK 4.82 par action payable aux actionnaires à partir du 7 mars 2025, et NOK 0.98 par action payable aux actionnaires à partir du 25 avril 2025. La société a enregistré un gain de 4,9 milliards de NOK provenant de la vente dans ses comptes consolidés. Le Conseil a également proposé de réduire le capital social de la société d'environ 98% pour s'aligner sur les opérations actuelles.

Aker Carbon Capture ASA (ACC ASA) hat eine außergewöhnliche Bardividende von NOK 5.80 pro Aktie vorgeschlagen, insgesamt 3,5 Milliarden NOK. Dies folgt auf den Abschluss einer Transaktion im Juni 2024, bei der ACC ASA ihr Geschäft mit CO2-Abscheidung mit SLB in einem Joint Venture kombiniert hat, das jetzt SLB Capturi heißt, wobei ACC ASA eine Beteiligung von 20% und SLB 80% hält.

Die Dividende wird in zwei Tranchen ausgezahlt: NOK 4.82 pro Aktie, die ab dem 7. März 2025 an die Aktionäre ausgezahlt wird, und NOK 0.98 pro Aktie, die ab dem 25. April 2025 an die Aktionäre ausgezahlt wird. Das Unternehmen hat in seinen konsolidierten Konten einen Gewinn von 4,9 Milliarden NOK aus dem Verkauf verbucht. Der Vorstand hat außerdem vorgeschlagen, das Grundkapital des Unternehmens um etwa 98% zu reduzieren, um sich an die aktuellen Abläufe anzupassen.

Positive
  • Extraordinary dividend of NOK 5.80 per share (NOK 3.5 billion total)
  • Significant gain of NOK 4.9 billion from joint venture transaction
  • Retains 20% ownership in SLB Capturi joint venture
  • Strong value creation from initial share price of NOK 1.70 to NOK 5.80 dividend
Negative
  • 98% reduction in share capital proposed
  • Reduced operational scope following business combination with SLB

FORNEBU, Norway, Feb. 12, 2025 /PRNewswire/ -- The Board of Directors of Aker Carbon Capture ASA (ACC ASA or the Company) has determined the way forward for the Company and has today proposed an extraordinary cash dividend of NOK 5.80 per share, in total NOK 3.5 billion.

"We propose an extraordinary cash dividend of NOK 3.5 billion to the General Assembly. ACC has been a remarkable success - emerging as a leader in carbon capture technology and delivering significant value to shareholders. From a starting share price of NOK 1.70 to now distributing a dividend of NOK 5.80 per share, this milestone demonstrates the company's strong progress and value creation. We are pleased to return substantial cash to shareholders while maintaining our commitment to responsible ownership of SLB Capturi," said Kristian Røkke, Chairman of ACC ASA.

In June 2024, ACC ASA and SLB announced the completion of a transaction combining their carbon capture businesses in a joint venture (JV), since renamed SLB Capturi. ACC ASA retains a 20% ownership stake in the JV and SLB holds the remaining 80%. ACC ASA booked a gain on the sale of NOK 4.9 billion in the consolidated accounts.  

Going forward, ACC ASA will, through its ownership in SLB Capturi, continue to support the development of the carbon capture business of SLB Capturi. The cash position remaining in ACC ASA following the proposed dividend distribution will enable the Company to retain a sufficiently robust balance sheet to fulfill its role and responsibilities as a minority owner of SLB Capturi, and will back ACC ASA's remaining pro-rata guarantee exposure for projects awarded prior to the formation of the JV. The Company will continuously consider the best way forward for the Company and its shareholders.

Based on an audited interim balance sheet dated 30 December 2024, the Company's Board of Directors has proposed to pay an extraordinary cash dividend of NOK 5.80 per share, totaling NOK 3.5 billion. The dividend is subject to approval by an extraordinary general meeting in the Company, expected to be held on or about 7 March 2025 (the EGM), including the EGM's approval of the interim balance sheet. The Board of Directors has also proposed, based on the interim balance sheet, to reduce the share capital of the Company by approximately 98%, aligning the capital with the Company's current operations and also safeguarding that the proposed dividend is treated as repayment of paid in capital for Norwegian tax purposes to the largest extent possible. The proposed capital reduction is subject to approval by the EGM, as well as a six weeks' creditor notice period. The Board has on this basis proposed to pay out the dividend in two tranches, as follows:

  • NOK 4.82 per share shall be paid to the Company's shareholders as of 7 March 2025 (as registered in the VPS as of 11 March 2025), subject to approval by the EGM, and
                 
  • NOK 0.98 per share shall be paid to the Company's shareholders as of 25 April 2025 (as registered in the VPS as of 29 April 2025) or such other dates which are decided and communicated by the Board, subject to approval by the EGM and completion of the proposed capital reduction.

 

For further information:

Media and Investors: Mats Ektvedt, mob: +47 41 42 33 28,
email: mats.ektvedt@corpcom.no 

About Aker Carbon Capture

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. Following an agreement with SLB, a joint venture between SLB and Aker Carbon Capture was established in June 2024. The JV, SLB Capturi, is headquartered in Oslo, with SLB owning 80% and Aker Carbon Capture ASA owning 20%, two strong companies with proven track record of building successful industrial businesses positioned for substantial growth.

www.akercarboncapture.com 

This information is considered to include inside information pursuant to the EU Market Abuse Regulation article 7 and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Mats Ektvedt, Partner, Corporate Communications, on 12 February 2025 at 16:32 CET.

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SOURCE Aker Carbon Capture ASA

FAQ

When will AKRCY shareholders receive the extraordinary dividend payment?

The dividend will be paid in two tranches: NOK 4.82 per share on March 7, 2025, and NOK 0.98 per share on April 25, 2025, subject to EGM approval.

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

The total extraordinary dividend is NOK 5.80 per share, amounting to NOK 3.5 billion in total.

What is Aker Carbon Capture's ownership stake in SLB Capturi?

Aker Carbon Capture retains a 20% ownership stake in SLB Capturi, while SLB holds the remaining 80%.

Why is AKRCY reducing its share capital by 98%?

The capital reduction is to align with the company's current operations and ensure the dividend is treated as repayment of paid-in capital for Norwegian tax purposes.

What gain did AKRCY book from the SLB joint venture transaction?

ACC ASA booked a gain of NOK 4.9 billion in its consolidated accounts from the sale of its carbon capture business to the joint venture.

AKER CARBON CAPTURE U/ADR

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