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2018

Annual report

Equal treatment of shareholders and transactions with close associates

Shareholders

As of 31 December 2018, the company had 4017 shareholders, of which 290 were foreign and the remaining were Norwegian. This indicates an increase of 20% in the number of shareholders at the end of the year. The Norwegian shareholders count for 210,960,519 of the company’s shareholder base or 49.86% of the total number of shares.

Pre-emptive rights

The Board of Directors has not made any resolutions to increase the share capital based on the authorisations granted in 2018.

If the Board resolves to carry out an increase in share capital and waive the pre-emption rights of existing shareholders on the basis of a mandate granted to the Board, the Board intends to publicly disclose the justification in a stock exchange announcement to be issued in connection with the increase in share capital.

Transaction in own shares

In accordance with the authorisation granted by the AGM in 2018, the company has purchased 800,000 shares in connection with its share incentive program. Such transactions have been carried out through the stock exchange and at prevailing stock exchange prices.

Transactions with close associates 

Any transactions taking place between a principal shareholder or close associates and the company will be conducted on arm’s length terms. In the event of non-immaterial transactions, the Company will seek independent valuation. Relevant transactions will be publicly disclosed to seek transparency. Pursuant to the instructions issued by and for the Board, directors are required to inform the Board if they have interests and/or relations, directly or indirectly, with other companies within the Wilh. Wilhelmsen group or the Wallenius group.

Deviations from the Code: None