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2020

Annual report

Equal treatment of shareholders and transactions with close associates

Shareholders

As of 31 December 2020, the Company had 5 375 shareholders, of which 348 were foreign, and the remaining were Norwegian. This indicates an increase of 22% in the number of shareholders at the turn of the year. The Norwegian shareholders account for 225 626 516 of the Company’s shares, or 53% 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 2020.

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

The Company has not purchased any own shares pursuant to the authorisation granted to the Board of Directors granted in 2020, but has previously purchased own shares of which 706,856 is outstanding as of year-end 2020.

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