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Equal treatment of shareholders and transactions with close associates

 

Equal treatment  BWG Homes has one class of shares. The articles of association do not contain any restrictions with regard to voting rights. Consequently, all shares have equal status, and this includes voting rights. All shareholders will be treated equally; there will not be any differential treatment.

 

Transactions with close associates

CEO Lars Nilsen has a 32.52 per cent holding in BWG Homes through his companies Lani Industrier AS, Lani Development AS and Lagulise AS. He is not a member of the Board of BWG Homes. If any not immaterial transactions are conducted between the company and close associates, the Board will obtain an independent valuation and inform the shareholders.

 

The company has rules which define who, outside the Board and executive management, are an insider. Insider trading in the BWG share must always be approved by the person in charge of trading clearance prior to the transaction. The Oslo Stock Exchange must be notified when the transaction is completed. Board members and executive management must notify the Board of any direct or indirect interest they have in a transaction or agreement entered into by the company.

 

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 Download the document Corporate Governance