§ 1 The company's name is BWG Homes ASA, and it is a public limited liability company.
§ 2 The object of the company is to engage in building operations and other similar operations, either under its own direction or through participation in other companies. The company may grant loans and furnish security in this connection.
§ 3 The company's registered business address is in Oslo.
§ 4 The company's share capital is NOK 98,276,000 divided into 98,276,000 shares each with a nominal value of NOK 1.
§ 5 The company shall have a Board of Directors consisting of five to seven Board Members, as determined by the General Meeting. The Board of Directors, including its Chairman and the deputy Chairman, shall be elected by the General Meeting for a term of two years. The Company can be signed for by the Chairman of the Board or the Deputy Chairman individually, or by two Board members jointly, or by whomsoever the Board otherwise delegates signatory rights.
§ 6 The company shall have a Nomination Committee consisting of three members elected by the General Meeting for a term of two years. The Nomination Committee shall nominate candidates for the Board of Directors and the Corporate Assembly (if any) and the remuneration for the members of these bodies. The Board of Directors may lay down instructions for the Nomination Committee.
§ 7 The Annual General Meeting of shareholders shall consider and decide on the following matters:
a) Approval of the annual report and accounts, including the dividend to the shareholders.
b) Any other matters that shall be dealt with by the General Meeting by law or pursuant to the Articles of Association.
Documents concerning matters to be considered at the general meeting may be made available on the company’s website. This also applies to documents that pursuant to law shall be enclosed in or attached to the notice of a general meeting. Provided that the documents are made available on the company’s website, the legal requirements regarding physical distribution of the documents shall not apply.
The right to participate in and vote at a general meeting can only be exercised if the acquisition of the shares has been recorded in the shareholder register (VPS) no later than the fifth business day prior to the general meeting.
§ 8 In all other respects, the provisions of the Public Limited Companies Act shall apply.