Annual General Meeting 14 April 2011
(Thomson Reuters ONE) -
The board of Norske Skog has decided on the final agenda for the company's
annual general meeting on 14 April, 2011 which will be held in the company's
main office at Oxenøen Brug:
1. The chair of the corporate assembly opens the meeting, and the attending
shareholders are registered
2. Election of two persons to sign the minutes together with the chair
3. Approval of summons and proposed agenda
4. Approval of the annual report and report of the board of directors for
2010 for Norske Skogindustrier ASA and the group
5. Coverage of loss for 2010
6. The board's declaration on salary and other remuneration for executive
employees
7. Determination of remuneration to the members of the corporate assembly
8. Approval of the auditor's remuneration
9. Election of members and deputy members to the corporate assembly
10. Election of four members and chair of the election committee
11. Proposal to authorize the board to increase share capital
12. Proposal to authorize the board to issue convertible bonds
The board's recommendation to the general meeting is that no dividend should be
disbursed for the accounting year 2010.
Because of the company's expressed intention of playing an active role in
relation to further consolidation of the industry, the board has decided to
propose to the general meeting to authorize the board to increase the company's
share capital. The authorization is limited to a maximum of 10 % of the share
capital (NOK 189 945 526) and will be for one year.
This authorization will give the company increased flexibility and a better
position in relation to possible structural transactions, as well as a further
strengthening of the position in relation to possible future capital needs. For
the same reason and with the same time limit, the board proposes an
authorization to issue convertible bonds, limited to a maximum of NOK 800
million and with a maximum increase of the share capital of 10 % in case of
conversion.
The final summons for the annual general meeting will issued to the shareholders
on 24 March 2011.
Oxenøen, 15 March 2011
Norske Skog
Corporate communication
For further information:
Media: Financial markets:
Vice President Corporate Communication Vice President Investor Relations
Carsten Dybevig Jarle Langfjæran
Mob: (+47) 917 63 117 Mob: (+47) 909 78 434
This information is subject of the disclosure requirements acc. to §5-12 vphl
(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#1496911]
Unternehmensinformation / Kurzprofil:
Datum: 15.03.2011 - 09:27 Uhr
Sprache: Deutsch
News-ID 52441
Anzahl Zeichen: 3485
contact information:
Town:
Lysaker
Kategorie:
Business News
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