GJF: Proposals to the Annual General Meeting

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The Board of Gjensidige Forsikring ASA will propose for the Annual General Meeting the following Board Authorisations:

  • Authorisation to decide the distribution of dividend
  • Authorisation to purchase own shares in the market for the purpose of implementing the Group's share savings programme and remuneration scheme for employees, corresponding to up to 0.2 per cent of the share capital
  • Authorisation to purchase own shares in the market for investment purposes or for the purpose of optimising the Company's capital structure, corresponding to up to 10 per cent of the share capital
  • Authorisation to increase the share capital by up to 10 per cent
  • Authorisation to raise subordinated loans and other external financing by up to NOK 3.0 billion

Further, the Board has decided merger with the wholly owned, Danish subsidiary NEM Forsikring A/S, in accordance with the simplified regulation regarding mergers between a parent company and subsidiary across national borders. Due to the merger taking place across national borders, the General Meeting of Gjensidige Forsikring ASA, as the company taking over, needs to approve the merger plan, according to the Public Limited Companies act. The mergers will not affect the Gjensidige Group's capital position and will cater for a more rational and efficient operation. The merger plans and other documents related to the mergers will be made available on www.gjensidige.com no later than 1 March 2022.

The Annual General Meeting of Gjensidige Forsikring ASA will be held on Thursday 24 March 2022. The notice including a full agenda for the General Meeting and appendices will be published and sent to shareholders on 1 March 2022.

This information is subject to disclosure under the Norwegian Securities Act section §5-12 and the requirements of Oslo Børs' Continuing Obligations.

Contact persons Gjensidige Forsikring ASA:
Head of Investor Relations: Mitra H. Negård, Tel: +47 957 93 631
Head of Communication: Øystein Thoresen, Tel: + 47 952 33 382

Gjensidige is a leading Nordic insurance group listed on the Oslo Stock Exchange. We have about 3,800 employees and offer insurance products in Norway, Denmark, Sweden and the Baltic states. In Norway, we also offer pension and savings. The Group's operating income was NOK 30 billion in 2021, while total assets were NOK 130 billion.