Request received for extraordinary general meeting in Aker Carbon Capture ASA - Update on liquidation proceeds
Request received for extraordinary general meeting in Aker Carbon Capture ASA - Update on liquidation proceeds
1 October 2025: The board of directors of Aker Carbon Capture ASA (under
liquidation) ("ACC" or the "Company") has received a notice from Andreas Møller,
on behalf of A. Møller Invest AS and certain other shareholders representing
more than 5% of the Company's shares and votes (jointly referred to as "Møller")
pursuant to which Møller requests that the board convenes an extraordinary
general meeting in the Company in order to (i) cancel the resolution made by the
extraordinary general meeting held on 5 August 2025 to liquidate the Company,
(ii) cancel the resolution made by the same extraordinary general meeting to
delist the Company's shares from Euronext Oslo Børs, and (iii) consider a
proposal for a corporate investigation in the Company relating to sale of the
Company's subsidiary, Aker Carbon Capture AS' 20% ownership interest in SLB
Capturi AS to a subsidiary of Aker Capital.
The board does not see that any reasonable grounds for a corporate investigation
as proposed by Møller is present or has been presented. The terms of the sale of
the 20% shares in SLB Capturi AS to Aker Capital has been publicly known in the
market for more than 5 months. The sale followed a strategic review process in
ACC involving external legal and financial advisors, following which the
Company's board concluded that the transaction represented the most attractive
alternative for the Company and its shareholders. The transaction accelerated
the release of capital to shareholders, enabling ACC to return value in 2025,
two years ahead of the originally 2027 timeline.
The request from Møller for an extraordinary general meeting will however be
duly considered and processed by the Company's board in accordance with the
requirements set out in the Norwegian Public Limited Liability Companies Act
(the "Act"), following which the board will revert on the matter.
Effects on the liquidation dividend
The Company was resolved liquidated 5 August 2025 and is therefore under
liquidation. It was decided to liquidate the Company as there is no longer any
investing- or operational activity in the Company, nor is it expected that the
Company will resume such activity or other activities. Based on this the board
has an obligation to ensure that the liquidation is completed in a cost
-efficient manner for the benefit of all the Company's shareholders.
As announced on 26 September 2025 the Company's board of directors called for an
extraordinary general meeting to be held on 17 October 2025 at 12:00 (CEST) (the
"EGM") to approve the liquidation settlement. In accordance with the procedures
for liquidation of a limited liability company set out in chapter 16 of the Act,
the board also resolved to distribute a liquidation dividend to its shareholders
in the amount of NOK 0.141 per share (NOK 85,198,152.738 in total). Processing
the requests from Møller, including to call for another extraordinary general
meeting will incur certain additional and subsequent costs for the Company. This
includes costs for sending out a meeting notice for such extraordinary general
meeting as well as other administrative and legal costs in relation thereto. The
liquidation settlement must accordingly account for such subsequent costs with
the consequence that the liquidation dividend to the Company's shareholders is
reduced to NOK 0.137 per share (NOK 82,781,183.866 in total). The key dates for
the liquidation dividend will also need to be updated and will be announced in a
separate notice.
The revised liquidation settlement is attached hereto and available on
www.akercarboncaptureasa.com together with all other documents to be processed
in the EGM, as well as the participation link and guide for online
participation.
ENDS
For further information:
Media and Investors:
Mats Ektvedt
Mobile: +47 41 42 33 28
E-mail: [email protected]
This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.