General assembly

Shareholders meetings

The Annual General Meeting (AGM) is the company’s highest body.

The meeting is held no later than 30 June each year. 

The AGM deals with matters such as adopting the previous year’s financial statements with note disclosures, distribution of dividends and appointing members of the Board of Directors and the auditor.

An Extraordinary General Meeting (EGM) is convened when considered necessary by the Board of Directors.  It is also possible that the auditor or shareholder(s) holding together a minimum of five percent of all the outstanding shares request in writing that an EGM shall be convened to discuss a specified matter as indicated.

Attending a shareholders´ meeting

By attendig the shareholders´ meetings, shareholders exercise the highest authority in the company.  At a shareholders´ meeting, each share carry one vote.

In general, in order to be entitled to vote, a shareholder must be registered as the owner of shares in the share register kept by the Norwegian Central Securities Depositary, referred to as VPS, or alternatively, report and show evidence of its share acquisition prior to the general meeting.

Shareholders may attend the meeting either in person or by proxy.  Notfication to attend a meeting shall be made by the date specified in the notice to the meeting.

Matters of the AGM

The Norwegian Public Limited Companies Act and OPRA Technologies ASA’s Articles of Association specify in detail which matters have to be dealt with at the AGM:

• Adoption of the financial statements with note disclosures
• Disposal of the year’s profit and distribution of dividend
• Payment of dividend
• Remuneration of the members of the Board
• Remuneration for the Auditor
• Election of the members of the Board
• Election of the Auditor
• Any matter notified separately in the notice to the meeting.

General Meetings are convened by written notice to all registered shareholders no later than 14 days prior to the date of the meeting.  The notice may be sent by post – or to the extent permitted by law – distributed electronically to the shareholders.