Vår Energi ASA (VAR) Earnings Call Transcript

It is now 3:00 p.m. here in Oslo and time to welcome you all to this extraordinary general meeting of Vår Energi ASA . I am Thor Widvey, the Chair of the Board of Directors, and it is my pleasure to declare the meeting officially open. As per the notice, the Board has proposed that Viggo Bang-Hansen serves as independent chair. I will, therefore, now give the word to him to take us through the items on today's agenda. Please the floor is yours.

Thank you for that, Thorhild. The general meeting is now closed for additional participation, and we will shortly move to the first item on the agenda. Before that, we can inform that we, in total, have shares present today constituting approximately 86.5% of the company's share capital. The exact number of shares represented will be included in the minutes from the meeting. With that, we will move to the formal items and the opportunity to devote on these should also have been opened. The first item on the agenda is election of a meeting chair and a person to cosign the minutes. Board has proposed that I chair the meeting as independent chair, and to cosign the minutes, I propose that General Counsel Sareen, who is present, is elected. Shareholders have not yet voted on Item 1 can then do so now. [Voting]

And the countdown shows that Item 1 has been approved. Item 2 for consideration today deals with the approval of the notice and the proposed agenda. The notice for the meeting has been distributed with the required 3 weeks' notice period and was also announced as a stock exchange release on 21st of October. Absent any questions or comments from the general meeting, we ask all shareholders to finalize their votes on Item 2. [Voting]

The countdown shows that the notice and agenda have been approved. We then come to Item 3 on the agenda, distribution of dividends for Q3 2026 in the amount of NOK 1.368 per share based on the interim as per 31 May, approved at the EGM on August 17. With no questions received under this item, we ask all shareholders to finalize their votes on Item 3. [Voting]

And the minutes will then reflect that the dividend distribution has been approved as proposed. Item 4 on the agenda relates to appointment of members to the Board by shareholders holding B shares pursuant to Section 6 of the company's bylaws. We've not received any questions to this item, and we note that all eligible shares have voted in support of the proposal as set out in the notice, both with respect to the proposed new board members and the new Deputy Board members. That then brings us to the last item on today's agenda, Item 5, and the proposed authorization for the company to use electronic communication when notices, information, documents, notifications and similar are to be given to the shareholders. No questions received on this item. So we then ask all shareholders to finalize their votes on Item 5. [Voting]

And the countdown shows that the proposal resolution has been approved. With that, we've concluded all the matters on the agenda today. Exact voting figures on each of the voting items will appear in the minutes, which will be made available on the company's website shortly. And with that, we declare the general meeting for adjourned. And on behalf of Vår Energi, we thank you all for participating.