4. Equal treatment
Equal treatment of shareholders and transactions with close associates.
Class of shares
NextGenTel has one class of shares, and each share entitles to one vote at the company’s general meeting.
Increase of share capital
If the board, in accordance with proxy given by the AGM, decides to derogate from the shareholders’ pre-emption rights pursuant to the public limited liability companies act, then this decision will be justified in a stock exchange notice in connection with the capital increase.
Trading in treasury shares
Transactions in the company’s own shares (share buy-back) are carried out through the Oslo Stock Exchange at prevailing stock exchange prices. The company emphasizes equal treatment of shareholders when it comes to price sensitive information. NextGenTel Holding ASA is listed on the Oslo Stock Exchange and is therefore obliged to follow all relevant information requirements. The company publishes all price sensitive information to the stock market through relevant information systems and also on the company’s web site at www.nextgentelholding.com.
Transactions with close associates
In the board’s opinion, there have been no material transactions between the company and shareholders, members of the board, members of the executive management or close associates of any such parties in 2017 except for the allocation of 200,000 share options to the Chairman. Related party transactions are disclosed in the notes to the financial statements. In transactions with close associates, NextGenTel’s ethical guidelines will apply. In the event of a material transaction between the company and a shareholder, the board will ensure that the transaction is based on an independent valuation.
Guidelines for directors and corporate management
Guidelines for directors and corporate management in the event of conflict of interests are covered in the company’s ethical guidelines.