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    ACC   NO0010890304

AKER CARBON CAPTURE ASA

(ACC)
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Aker Carbon Capture : Raises NOK 840 Million to Fund Accelerated Growth

08/13/2021 | 01:01am EDT
Aker Carbon Capture has completed a capital increase of NOK 840 million to
support the further growth of its market-leading carbon capture offering. 

The company issued 38,181,818 new shares in a private placement, priced at NOK
22 per share. The placement was multiple times over-subscribed amidst strong
demand, particularly from international investors.

"The positive response from investors enabled an effective process to strengthen
Aker Carbon Capture's financial capacity and flexibility to realize our growth
ambitions," said Valborg Lundegaard, Chief Executive Officer of Aker Carbon
Capture. "We welcome several large new shareholders with a long-term perspective
and a commitment toward sustainability." 

In the twelve months since being launched as a separate company, Aker Carbon
Capture has made significant progress in targeted markets and secured key
clients and partners. The company is delivering the world's first carbon capture
plant at a cement facility, to HeidelbergCement. 

The proceeds from the private placement will be used to: 

- Realize and commercialize the Carbon Capture as a Service (CCaaS) business
model 
- Strengthen investments in technology and product development to be on the
technological forefront to take advantage of the strong growth in prioritized
markets
- Realize investment programs, including product modularization and
digitalization to drive down costs 
- Continue to develop the organization and internationalize the company
- Strengthen the balance sheet to ensure financial capacity and flexibility to
pursue growth opportunities
- Support working capital and general corporate purposes

"Carbon capture and storage is key for the race to net zero, and Aker Carbon
Capture is pioneering solutions that will make carbon capture accessible to a
broader range of emitters," said Kristian Røkke, Chief Executive Officer of Aker
Horizons. "We couldn't be more pleased with the company's progress and the great
interest demonstrated by the investor community."


Carnegie AS, Morgan Stanley & Co. International plc and Skandinaviska Enskilda
banken AB (publ) acted as joint bookrunners and managers for the transaction.
Advokatfirmaet BAHR AS acted as legal advisor to the company.

ENDS 

Media contact:
Ivar Simensen, mob: +47 464 02 317, 
email: ivar.simensen@akerhorizons.com 

Investor contact:
Christian Yggeseth, mob: +47 915 10 000, 
email:christian.yggeseth@akerhorizons.com

David Phillips, mob: +44 7710 568279
email: david.phillips@akercarboncapture.com    

Aker Carbon Capture is a pure-play carbon capture company with solutions,
services and technologies serving a range of industries with carbon emissions,
including the cement, bio and waste-to-energy, gas-to-power and blue hydrogen
segments. Aker Carbon Capture's proprietary, carbon-capture technology offers a
unique, environmentally friendly solution for removing CO2 emissions.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

Stocks mentioned in the article
ChangeLast1st jan.
AKER CARBON CAPTURE ASA -0.41% 26.8 Real-time Quote.50.56%
AKER HORIZONS ASA 1.61% 33.11 Real-time Quote.0.00%
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Analyst Recommendations on AKER CARBON CAPTURE ASA
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Financials
Sales 2021 304 M 36,2 M 36,2 M
Net income 2021 -138 M -16,5 M -16,5 M
Net cash 2021 1 197 M 143 M 143 M
P/E ratio 2021 -116x
Yield 2021 -
Capitalization 16 194 M 1 921 M 1 933 M
EV / Sales 2021 49,4x
EV / Sales 2022 15,9x
Nbr of Employees 26
Free-Float 54,7%
Chart AKER CARBON CAPTURE ASA
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Aker Carbon Capture ASA Technical Analysis Chart | ACC | NO0010890304 | MarketScreener
Technical analysis trends AKER CARBON CAPTURE ASA
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 8
Last Close Price 26,80 NOK
Average target price 24,79 NOK
Spread / Average Target -7,52%
EPS Revisions
Managers and Directors
Valborg Lundegaard Chief Executive Officer
Egil Fagerland Chief Financial Officer
Henrik O. Madsen Chairman
Jim Stian Olsen Chief Technology Officer
Kristian Monsen Røkke Director
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