NPRO: Annual general meeting held in Norwegian Property ASA (NPRO)
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 2011, including a distribution of a dividend of NOK 0.20 per share, was unanimously approved. The dividend payment totals NOK 99,719,366.40.The dividend will be distributed to the company’s shareholders as of the date of the general meeting. The share will be traded ex-dividend as from Friday 13 April 2012. Dividend is expected to be disbursed on or about 3 May 2012.
A new board of directors was elected by the general meeting, and after the election the board of Norwegian Property consists for the following members:
Nils Selte (chair), re-elected for two years
Synne Syrrist (deputy chair), re-elected for two years
Gry Mølleskog (member), re-elected for two years
Jon Erik Brøndmo (member), re-elected for two years
Gunnar Bøyum (member), new board member elected for two years
The annual general meeting elected a new nomination committee, and after the election the nomination committee of Norwegian Property consists of the following members:
Tom Furulund (chair), re-elected for two years
Paal Hvammen (member), re-elected for two years
Marianne Johnsen (member), new member of the nomination committee elected for two years
The general meeting elected PriceWaterhouseCoopers AS as the new independent auditor for the company.
The board of directors was granted a power of attorney to increase the share capital by up to NOK 24,925,000 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 24,925,000. The board of directors’ use of powers of attorney granted by the Annual General Meeting to issue new shares shall 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 24,925,000, which is equivalent to just below 10 per cent of the current share capital.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
For additional information, please contact:
Svein Hov Skjelle, CFO, tel. +47 930 555 66, firstname.lastname@example.org
Elise Heidenreich-Andersen, SVP IR, tel. +47 951 41 147, email@example.com