6.4 Equal treatment of shareholders and transactions with related parties
The Company has only one class of share, with the same voting right for all shares. Transactions with related parties take place in accordance with the guidelines set by the code.
The group’s main broker for sale and purchase is Inge Steensland AS. Parallel investments are also made with other companies within the Steensland Group. All transactions are carried out on market terms.
The Board of Directors has been granted a power of attorney by the General Meeting to increase the share capital by a maximum of 4 million shares. This power of attorney is valid for 18 months and has not yet been utilised.
In recent years, the Board has also had the power of attorney to purchase the company’s own shares up to a maximum of 10% of the company’s share capital. As of today, the company owns 319,978 treasury shares, approximately 1.3% of the share capital.
6.5 Free negotiability
The shares are freely negotiable, and Board approval is not required for the acquisition of shares.