Norske Skog: Annual general meeting 25 April 2012
(Thomson Reuters ONE) -
The board of Norske Skog has approved the final agenda for the company's annual
general meeting which will be held on 25 April 2012 at the company's head
office:
1. Approval of the financial statements and report of the board of directors
for 2011 for Norske Skogindustrier ASA and the group
2. Coverage of loss for 2011
* The board recommends to the general meeting that no dividend be paid
for the financial year 2011
3. The board's declaration regarding salary and other remuneration for
executive employees
4. The winding up of the corporate assembly in Norske Skogindustrier ASA -
changes in the articles of association
5. Guidelines for Norske Skog's election and remuneration committees
6. Election of members and deputy members of the corporate assembly
* cancelled if the board's proposal in item 4 is adopted
7. Determination of fees to members of the corporate assembly
* cancelled if the board's proposal in item 4 is adopted
8. Election of members of the board
* cancelled if the board's proposal in item 4 is not adopted
9. Determination of fees to members of the board
* cancelled if the board's proposal in item 4 is not adopted
10. Election of chair and three members of the election and remuneration
committee
11. Determination of fees to members of the election and remuneration
committee
12. Approval of the auditor's remuneration
13. Election of external auditor for 2012
14. Proposal for authority to purchase treasury shares
15. Proposal for authority to increase share capital and/or issue convertible
bonds
16. Proposal to reduce the nominal value of the shares
17. Proposal to convert NOK 2 billion from share premium to distributable
reserves
Because of the company's stated objective to actively position itself in
relation to further industry consolidation, the board has proposed to carry
forward last year's unused authorisation from the general meeting to increase
share capital, limited to up to ten per cent of the share capital. The board
proposes that the authority can apply to the issuance of convertible debt
limited to a maximum amount of NOK 800 million and which, upon conversion, can
give an increase limited to up to ten per cent of the share capital. The
authorities, which have a one-year duration, can be used in combination, however
such that the total increase in share capital is limited to ten per cent. The
proposed capital changes in items 16 and 17 are only a reclassification of
equity and do not constitute a distribution to shareholders.
Such authorisation will give the company better flexibility and bargaining power
in case of possible structural transactions.
The formal summons will be sent to the shareholders on 23 March 2012.
Oxenøen, 1 March 2012
Norske Skog
Corporate communication
For further informasjon:
Media: Financial markets:
Vice President Corporate Communication Senior advisor
Carsten Dybevig Frode Tegner
Mob: +47 917 63 117 Mob: +47 906 19 102
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Norske Skog via Thomson Reuters ONE
[HUG#1590337]
Unternehmensinformation / Kurzprofil:
Datum: 01.03.2012 - 07:03 Uhr
Sprache: Deutsch
News-ID 120405
Anzahl Zeichen: 4229
contact information:
Town:
Lysaker
Kategorie:
Business News
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