Vår Energi ASA (VAR) Earnings Call Transcript & Summary

It is now 3 p.m. Norwegian time, and it's time to welcome you to this Extraordinary General Meeting of Vår Energi, which has been called for the purpose of approving our dividend for Q2 2025. My name is Thorhild Widvey. I'm the Chair of the Board of Directors, and it's my pleasure to hereby welcome all of you and to declare the Extraordinary General Meeting floor open. As per the notice of the meeting, the Board has proposed that attorney-at-law Viggo Bang-Hansen, serves as Independent Chair of the meeting. So I give the floor to you, please take over.

Thank you for that, Thorhild. The general meeting is now closed for additional shareholders to log in, and we will shortly move to the first item on the agenda. Before that, I can inform the meeting that we, in total, have shares present, which constitute approximately 81% of the share capital. The exact number of shares represented will be sent out in detail in the minutes from the meeting. With that, I will move to the formal agenda items and the opportunity to vote on these shall now also have been opened. The first item on the agenda is election of Chair and co-signatory. The Board has proposed that I chair the meeting as Independent Chair. And to co-sign the minutes, I propose that General Counsel, Sverre Bjelland, who is present here is elected. Shareholders who have not yet voted on this agenda item may do so now. [Voting]

Everyone has then voted and the count shows that Item 1 has been approved as proposed. Item 2 for consideration today deals with approval of the notice and the proposed agenda. The notice for the meeting has been distributed with the required 3-week notice period and was also announced as a stock exchange release on 22nd July 2025. With no questions received to this, we will move to voting and ask those of you who have not done so to vote now. [Voting]

The vote is then closed and the account shows that the notice and the agenda has been approved. We then come to Item 3 on the agenda and approval of interim balance sheet and notes as per 30 June 2025. The balance sheet and notes, together with the auditor statement were published on 22nd of July and are available on the company's web page. We've not received any questions to this item, so we'll then move to voting also on this and ask those who have not yet done so to vote now. [Voting]

The vote is then closed and the count shows that the interim balance sheet and notes have been approved. That brings us to Item 4 on the agenda, the main item and the last item relating to distribution of dividends. The proposed dividends will be based on the interim balance sheet approved under the preceding item and the resolution is otherwise set out in detail in the notice for the meeting. We've not received any questions on this item. So again, I ask those of you who have not already voted to vote now. [Voting]

The vote is then closed and the count shows that Item 4 and the distribution of dividends as proposed by the Board has been approved. With that, we have concluded the items that was set on the agenda for today. Exact voting figures on each of the items will appear in the minutes of the meeting, and the minutes will be made available shortly on the company's website. With that, I declare the general meeting adjourned. And on behalf of Vår Energi, I thank you all for participating.