Equal treatment and openness
The company’s articles of association do not contain any restrictions with regard to share purchase. The Board works on the basis that all shareholders are treated equally. The Board will not, without good reason, seek to obstruct or hinder takeover bids for shares in BWG Homes.
Evaluation of offer
In the event of a takeover bid for some or all of the company, the Board will ensure that shareholders are treated equally and that BWG Homes’ business activities are not disrupted unnecessarily. If a bid is made for BWG Homes’ shares, the Board will issue a statement evaluating the offer and making a recommendation as to whether the shareholders should accept it or not.
The Board will obtain an independent valuation and communicate this to the shareholders in its statement. If the Board is unable to make such a recommendation, it will report on the background to this decision. If the Board’s views are not unanimous, it must explain the basis on which specific members of the Board have excluded themselves from the Board’s statement. The Board’s statement will in other respects follow the guidelines of the Securities Trading Act.
Disposal of activities
Any transaction that is in effect a disposal of the entire company’s activities is decided by the general meeting.