NPRO: Annual General Meeting held in Norwegian Property ASA

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 2021 was approved by the general meeting.

The annual general meeting elected Bjørn Henningsen as Chair, and Kathrine Astrup Fredriksen, Cecilie Astrup Fredriksen, Lars Erich Nilsen and Lars Buin as ordinary board members. All were elected for two years until the annual general meeting in 2024.

The board of directors was granted a power of attorney to increase the share capital by up to NOK 32,490,000 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 840,000,000 in total. If the power of attorney is used, the company’s share capital may be increased by up to NOK 32,490,000. The board of directors’ use of powers of attorney granted by the annual general meeting to issue new shares shall in total 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 32,490,000, which is equivalent to just below 10 per cent of the current share capital.

The board was also granted a power of attorney to resolve to distribute dividend on the basis on the company’s annual accounts for 2021.

Attached are the minutes of the annual general meeting, including an unofficial office translation.

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

For additional information, please contact:

Bent Oustad, CEO,
tel. +47 480 16 082
Email: bo@npro.no

Norwegian Property is a focused and fully integrated office property company with properties located mainly in the Oslo area in Norway. The portfolio is characterized by central location and attractive premises with 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.

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