Proposals from the Nomination Committee to the Annual General Meeting in Cxense ASA

Proposals from the Nomination Committee to the Annual General Meeting in Cxense ASA

The full proposal is enclosed with this notice.

Remuneration to the Board members:
The annual Board remuneration is NOK 225,000 per Board member for the period from the date of the 2016 Annual General Meeting until the date of the 2017 Annual General Meeting. The Chairman of the Board receives an additional amount of NOK 75,000, and the members of the Audit Committee will receive an additional amount of NOK 25,000.

Election of Board members:
Mr. Morten Opstad (Chairman of the Board), Mr. Svein Goli, and Ms. Bente Sollid Storehaug continue as Board members for the second year of their respective terms. Ms. Nadine Sharara and Mr. David Rowe are elected as Board members for a period of two years.

Remuneration to the Nomination Committee:
Remuneration to the Nomination Committee's members is determined to be NOK 25,000 for the Chairman of the committee and NOK 15,000 for each of the other members for the period from the 2016 Annual General Meeting to the 2017 Annual General Meeting.

Composition of the Nomination Committee:
Mr. Robert N. Keith (new Chairman) and Mr. Mikal Rohde are re-elected for a period of one year, and Mr. Davor Sutija is elected as a new member of the Nomination Committee for a period one year.  


11 May 2016
Cxense ASA

For further information, please contact:
Ståle Bjørnstad, CEO Cxense, +47 991 67 672
Jørgen Loeng, CFO Cxense, +47 906 60 062