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Norske Skog: Annual general meeting 25 April 2012
The board of Norske Skog has approved the final agenda for the company's annual general meeting which will be held on 25 April 2012 at the company's head office:
Because of the company's stated objective to actively position itself in relation to further industry consolidation, the board has proposed to carry forward last year's unused authorisation from the general meeting to increase share capital, limited to up to ten per cent of the share capital. The board proposes that the authority can apply to the issuance of convertible debt limited to a maximum amount of NOK 800 million and which, upon conversion, can give an increase limited to up to ten per cent of the share capital. The authorities, which have a one-year duration, can be used in combination, however such that the total increase in share capital is limited to ten per cent. The proposed capital changes in items 16 and 17 are only a reclassification of equity and do not constitute a distribution to shareholders.
Such authorisation will give the company better flexibility and bargaining power in case of possible structural transactions.
The formal summons will be sent to the shareholders on 23 March 2012.
Oxenøen, 1 March 2012
Norske Skog
Corporate communication
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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