NPRO: Annual General Meeting held in Norwegian Property ASA
Norwegian Property ASA has today held its annual general meeting. All matters were resolved as proposed in the notice.
The board of directors’ proposal to the annual accounts and the annual report for Norwegian Property ASA for the financial year 2018 was approved by the general meeting.
The annual general meeting re-elected Merete Haugli as Chair, Bjørn Henningsen as Deputy Chair, Kathrine Astrup Fredriksen, Cecilie Astrup Fredriksen, Lars Erich Nilsen, Kjell Sagstad and Carl Erik Krefting as ordinary board members for a period until the annual general meeting in 2020.
Robin Bakken was re-elected as Chair of the Nomination Committee for two years, and Marianne E. Johnsen was re-elected as member of the Nomination Committee for two years.
The board of directors was granted a power of attorney to increase the share capital by up to NOK 27,420,000 by subscription of new shares, equivalent to just below 10 per cent of the current share capital. In addition, the board of directors was granted a power of attorney to raise a convertible loan of NOK 750,000,000 in total. If the power of attorney is used, the company’s share capital may be increased by up to NOK 27,420,000. The board of directors’ use of powers of attorney granted by the annual general meeting to issue new shares shall in total not exceed 10 per cent of the share capital.
In addition, the board of directors was granted a power of attorney to purchase own shares with a total nominal value of up to NOK 27,420,000, which is equivalent to just below 10 per cent of the current share capital. The board was also granted a power of attorney to resolve to distribute dividend on the basis on the company’s annual accounts for 2018.
Attached is an unofficial office translation of the minutes of the annual general meeting.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
For additional information, please contact:
Bent Oustad, CEO,
tel. +47 480 16 082