In the event of a take-over bid the Board of Directors will act in the best interest of the shareholders and in compliance with all rules and regulations applicable in such an event. In the case of a take-over bid the Board will refrain from taking any obstructive action unless agreed upon by the Company’s shareholders.
In a bid situation, the Board and management have an independent responsibility to help ensure that shareholders are treated equally, and that the Company’s business activities are not disrupted unnecessarily. The Board has a particular responsibility to ensure that shareholders are given sufficient information and time to form a view of the offer.
The Board will not seek to hinder or obstruct take-over bids 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 general meeting following announcement of the bid.
Any transaction that is in effect a disposal of all, or a substantial part of the Company’s assets, shall be decided by a general meeting.