Aker Carbon Capture shareholders to vote on liquidation, investigation proposals

Aker Carbon Capture ASA (ACC) will hold an extraordinary general meeting on October 29, 2025, to consider proposals from Andreas Møller, representing over 5% of shares. Møller proposes to cancel the company's liquidation and delisting from Euronext Oslo Børs.

Møller also proposes a corporate investigation into the sale of ACC's 20% interest in SLB Capturi AS to Aker Carbon Capture HoldCo AS. The meeting will be held digitally via Lumi AGM.

ACC's board of directors maintains there is no basis for an investigation into the SLB Capturi stake sale. The board states the transaction, announced on May 9, 2025, facilitated an early cash release to shareholders, removed substantial guarantee obligations, and eliminated contractual liabilities towards SLB. An independent financial advisor, SEB Corporate Finance, concluded that the offer matched analyst target prices and provided a significant premium to trading prices, aligning with likely earn-out and put/call mechanisms. The board notes that a corporate investigation would be costly and reduce distributions to shareholders.

Shareholders can participate online, submit advance votes, or appoint proxies by October 27, 2025, 16:00 CET. The board does not endorse Møller’s proposals to cancel the liquidation, delisting, or initiate the investigation, emphasizing that subsequent market developments have confirmed the transactions with SLB and ACC HoldCo as favorable, realizing approximately NOK 5.2 bn in cash for shareholders.