The Board will not seek to hinder or obstruct any public bid for the Company’s activities or shares unless there are particular reasons for this. In the event of a take-over bid for the Company’s shares, the Board will not exercise mandates or pass any resolutions with the intention of obstructing the take-over bid unless this is approved by the Company’s general meeting following the announcement of such bid.
The Board acknowledges that it has a particular responsibility to ensure that the Company’s shareholders are given sufficient information and time to form a view of any public offer for the Company’s shares. If an offer is made for a significant and controlling stake of the shares, the Board will issue a statement evaluating the offer and make a recommendation as to whether or not shareholders should accept it.
The Board has not established explicit guiding principles for dealing with take-over bids as recommended by the Norwegian code.