The Board of Directors continuously assesses the company’s financial strength and capital requirements in light of the company’s strategy and risk profile.
Authorisation to issue shares
The Board of Directors was authorized by the Annual General Meeting of April 29, 2010 to increase the company’s share capital by a maximum of MNOK 30 through the issuance of a maximum of 3 million shares, each with a par value of NOK 10, by one or more private offerings to employees of the Group as part of an option/incentive program. This authority is valid until the Annual General Meeting in 2011 and will expire no later than June 30, 2011.