|
|
Article: Notification to the Oslo Stock Exchange: Telenor and the Kingdom Of Norway Enter into Agreement Regarding Share Buyback.
- Article from:
- PR Newswire
- Article date:
- January 16, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Telenor has entered into an agreement with the Kingdom of Norway, as the largest shareholder in Telenor, regarding share buyback, which was authorised by the General Meeting on 8th May 2003.
The Kingdom of Norway is committed to participate in a buyback on a proportionate basis by way of cancelling a proportionate number of its shares at the subsequent General Meeting. The Kingdom of Norway's ownership percentage in Telenor will thus remain unaffected.
The agreement states that upon a share buyback by Telenor, the subsequent General Meeting will be invited to approve cancellation of the buyback shares. The Kingdom of Norway is committed to vote in favour ...
Related newspaper, magazine, and journal articles:
|