NPRO: Minutes of Extraordinary General Meeting in Norwegian Property ASA
Norwegian Property ASA has today held an Extraordinary General Meeting. All matters were resolved as proposed in the notice.
The General Meeting adopted the reduction of the share capital with NOK 24,285,618 from NOK 274,223,416 to NOK 249,937,798. The reduction amount (Nw. "nedsettelsesbeløpet") shall be used for the cancellation of 48,571,236 own shares. Section 4 of the company's Articles of Association is amended to read as follows:
“The share capital is NOK 249,937,798, divided into 499,875,596 shares, each with a nominal value of NOK 0.50."
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 24,990,000, which is equivalent to just below 10 per cent of the share capital.
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