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 2012, including a distribution of a dividend of NOK 0.20 per share, was unanimously approved.
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 12 April 2013. Dividend is expected to be disbursed on or about 14 May 2013.
The annual general meeting elected a new nomination committee, and after the election the nomination committee of Norwegian Property consists of the following members:
Marianne Johnsen (chair), elected for a period of two years
Peter Groth (member), new member of the nomination committee elected for two years
Jan Ole Stangeland (member), new member of the nomination committee elected 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 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.
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
Norwegian Property is a focused and fully integrated office property company with 42 properties located in the Oslo area and Stavanger in Norway. The portfolio, which has a total fair value of NOK 14.5 billion, is characterized by central location and attractive premises with low vacancy and high quality tenants. The group’s properties consist largely of office premises, associated warehousing and car parking, as well as retail and catering space. The company has identified four value drivers for long-term value creation; Marketing & letting, Property management, Property development and Transactions & finance.
Norwegian Property is listed on Oslo Stock Exchange with the ticker NPRO.