Shareholders

Shareholders

NHST Media Group AS (NHST) is an unlisted company, but transactions are supervised by Norges Fondsmeglerforbund and the market value of the share is published on the NOTC list every day. The share is publicly and freely traded, but there is very limited trading in the share. The last transaction before year end was made at NOK 400 versus NOK 550 at the same time in 2011.

The company’s 10 largest shareholders are listed under Note 16 to the financial statements. The 10 largest shareholders control 86.2% of the share capital. There is issued 1 287 926 shares, of which NHST owns 44 752 shares. Remaining outstanding shares are 1 243 174.  

The company’s VPS registrar is DNB ASA, Selskapsservice, Dronning Eufemias gate 30, N-0191 Oslo. The VPS register number is ISIN NO 0005007807. NHST is releasing its quarterly results both through OTC and on its homepage: www.nhst.com.

NHST follows the Norwegian Code of ­Practice for Corporate Governance as described more thoroughly in the Board of Directors Report. Due to the size of the company it has not been viewed as ­necessary to form subcommittees in the Board beyond a compensation committee. The company’s Articles of association states that the Board must accept and condone all transfers of shares which is not in line with the Code of Practise article 4.  

The Board of Directors consists of 8 members, of which 5 are elected by the shareholders. The members are elected for a period of 2 years, and respectively 2 and 3 members are elected each year.  

Dividends for 2012 amounted to NOK 11 per share and were paid out in June 2013. There is now a proposal for the annual General Assembly to pay out NOK 7 per share, in dividends for 2013. Moreover, the company wishes over time to give its shareholders the best possible return on their investment through increased share price and dividends.

Shareholders