Aker Carbon Capture ASA: Key information relating to payment of cash dividend in March 2025
MWN-AI** Summary
Aker Carbon Capture ASA has announced a proposal for an extraordinary cash dividend to its shareholders, as detailed in their press release dated February 12, 2025. The company's Board of Directors plans to present this proposal to the extraordinary general meeting (EGM) scheduled for March 7, 2025. The proposed dividend amounts to NOK 5.80 per share, with NOK 4.82 per share slated for payment in March 2025 and an additional NOK 0.98 per share intended for payment in May 2025, pending the completion of a capital reduction.
Key details regarding the March 2025 dividend include the following:
- **Dividend Amount**: NOK 4.82 per share - **Declared Currency**: Norwegian Krone (NOK) - **Approval Date**: The dividend proposal requires approval at the EGM on March 7, 2025. - **Last Day Including Right**: Shareholders must hold shares until March 7, 2025, to qualify for the dividend. - **Ex-Dividend Date**: Trading will commence without the dividend on March 10, 2025. - **Record Date**: Shareholders must be recorded as such by March 11, 2025, to receive the payment. - **Payment Date**: The actual payout is expected on or about March 19, 2025.
This decision aligns with the company's strategic intent to return value to its shareholders. Additional information regarding the planned dividend payment in May 2025 will be provided separately. Interested parties, including media and investors, can reach out to the company's representative, Mats Ektvedt, for further details.
MWN-AI** Analysis
Aker Carbon Capture ASA (ACC) has announced the proposal of a significant cash dividend for shareholders, which can be seen as a robust indicator of the company’s financial health and its commitment to returning value to investors. The decision to provide an extraordinary dividend of NOK 5.80 per share (NOK 4.82 payable in March 2025 and NOK 0.98 in May 2025) highlights ACC's strong cash flow generation and operational resilience.
For investors, several key dates must be noted: the extraordinary general meeting (EGM) is slated for March 7, 2025, where shareholder approval for the dividend will be sought. If approved, the last day to purchase the stock with the dividend entitlement will also be March 7, 2025. The ex-dividend date will follow on March 10, with the record date being March 11, and payment is expected around March 19, 2025.
Investing in Aker Carbon Capture ASA ahead of this dividend announcement may offer attractive returns, especially for income-focused investors. The expected yield from this dividend contributes to ACC’s appeal as a sustainable investment option amidst a growing emphasis on carbon capture technology.
Furthermore, the company's involvement in reducing carbon emissions through innovative solutions positions it well for long-term growth as global regulatory frameworks tighten and demand for sustainable practices increases.
However, potential investors should remain cautious and consider the overall market conditions, including macroeconomic factors and sector-specific trends. It's advisable to conduct due diligence, considering company fundamentals, news developments, and broader industry performance, prior to entering positions.
In summary, Aker Carbon Capture ASA's anticipated dividend presents a compelling opportunity for income-oriented investors, but a balanced analysis of associated risks is essential for sound investment decisions.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
PR Newswire
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: [email protected]
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
SOURCE Aker Carbon Capture ASA
FAQ**
What factors led Aker Carbon Capture ASA (Aker Carbon Capture AKCCF) to propose an extraordinary dividend of NOK 5.80 per share, and how might this impact shareholder sentiment?
How does the proposed capital reduction influence the payment of NOK 4.82 per share in March 20for Aker Carbon Capture ASA (Aker Carbon Capture AKCCF)?
What are the potential implications for Aker Carbon Capture ASA (Aker Carbon Capture AKCCF) shareholders if the extraordinary general meeting on 7 March 2025 does not approve the proposed dividend?
Can you explain the timeline and process surrounding the payment dates and record date for the proposed dividend from Aker Carbon Capture ASA (Aker Carbon Capture AKCCF) in March 2025?
**MWN-AI FAQ is based on asking OpenAI questions about Aker Carbon Capture (OTC: AKCCF).
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