Recommendation to the general meeting of Agasti Holding ASA regarding the composition of the board of directors

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The nomination committee in Agasti Holding ASA ("Agasti" or the "Company") has consisted of Ove Steinar Larsen, chairman, and members Truls Foss and Line Sanderud Bakkevig.

The current board is a liquidation board which was elected at the extraordinary general meeting 22 August 2016 where the Company was resolved liquidated. In October 2016, Intelco Concept AS ("Intelco"), became the owner of 33.33 per cent of the shares in Agasti. Intelco has requested that the Company holds an extraordinary general meeting to resolve the election of a new board of directors and other items included in the notice sent the shareholders 24 October 2016.

The nomination committee regards its most important task as finding board candidates that are regarded as having the necessary competence and capacity to carry out the tasks required of a board of directors. The nomination committee has also aimed to compose the board of persons with a willingness and ability to collaborate. The nomination committee has been in contact with shareholders as part of its work on proposing candidates for election to the board. The nomination committee’s work is regulated by the guidelines for the work of the nomination committee which was adopted by the general meeting 26 June 2013.

In accordance with the company’s articles of association, the board shall consist of three to seven members.

The nomination committee recommends that the general meeting elects the following board of directors:

  1. Ola Røthe, chairman of the board (new)
  2. Hege Anfindsen, board member (new)
  3. Cecilie Grue, board member (new)

A short resume for each of the new board candidates is attached.

Oslo, 8 November 2016

Ove Steinar Larsen (sign.)
chairman of the nomination committee

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.