Re. The following resolution was passed re authorisation to acquire the Company's own shares:
- The Board of Directors of I.M. Skaugen ASA is hereby granted authorisation to acquire on behalf of the Company up to 600,231 of the Company's own shares with a total nominal value of NOK 36,013,860, corresponding to 10% of the Company's current share capital. This is according to the proposal for resolution in article 9 regarding equity write-down.
- The highest price that may be paid per share is NOK 300, and the lowest price is NOK 1.
- The acquisition and disposal of the Company's own shares may be carried out as deemed appropriate by the Board of Directors, not, however, by subscription for the Company's treasury shares.
- The authorisation shall remain in effect for 18 months from 1 March 2005.
- The authorisation for acquiring treasury shares dated 1 March 2004 is suspended.
The authorisation is registered in the Register of Business Enterprises.
Re. The Board of Directors
Karen Helene Midelfart, Nils Gregusson elene Mi , Christian Wessel and Morits Skaugen, were all elected for two year. Karen Helene Midelfart is new to the board
The members of the Board of Directors are thus the following:
Erik Eik, Chairman
Karen Helene Midelfart
Nils Gregusson
Morits Skaugen jr.
Bertel O Steen
Jon-Aksel Torgersen
Christian Wessel