Aker Carbon Capture ASA (ACC), an Aker Horizons portfolio company, today
announced that the Board of Directors of ACC has proposed an extraordinary cash
dividend of NOK 3.5 billion, of which Aker Horizons is expected to receive
approximately NOK 1.5 billion based on its 43.27% ownership in ACC.
In June 2024, ACC and SLB announced the completion of a transaction combining
their carbon capture businesses in a joint venture (JV), since renamed SLB
Capturi. ACC retains a 20% ownership stake in the JV and SLB holds the remaining
80%. ACC booked a gain on the sale of NOK 4.9 billion in its consolidated
accounts.
Going forward, ACC 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 following the proposed dividend distribution will
enable ACC to retain a sufficiently robust balance sheet to fulfill its role and
responsibilities as a minority owner of SLB Capturi, and will back ACC's
remaining pro-rata guarantee exposure for projects awarded prior to the
formation of the JV.
ACC's proposed cash dividend is among other things subject to approval by an
extraordinary general meeting in ACC, expected to be held on or about 7 March
2025. Please refer to ACC's announcement for more details.
ENDS
For further information, please contact:
Jonas Gamre, Investor Relations, Tel: +47 97 11 82 92
jonas.gamre@akerhorizons.com
Mats Ektvedt, Media, Tel: +47 41 42 33 28,
mats.ektvedt@corpcom.no
About Aker Horizons:
Aker Horizons develops green energy and green industry to accelerate the
transition to Net Zero. The company is active in renewable energy, carbon
capture and sustainable industrial assets. As part of the Aker group, Aker
Horizons applies industrial, technological and capital markets expertise with a
planet-positive purpose to drive decarbonization globally. Aker Horizons is
listed on the Oslo Stock Exchange and headquartered in Fornebu, Norway. Across
its portfolio, the company is present on five continents.
www.akerhorizons.com
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