§1
The name of the Company is DNO International ASA. The Company is a public limited company.
§2
The registered office of the Company is in Oslo.
§3
The object of the Company is to carry out petroleum, shipping, offshore, transport, trade, industrial and financing activity and other related activities, and to participate as a shareholder or in other ways in other enterprises.
§4
The shares of the Company are registered with Verdipapirsentralen (the Norwegian Central Securities Depository). The share capital is NOK 255.819.814 - divided on 1.023.279.255 shares of NOK 0,25 each.
§5
The board of directors of the Company consists of 3 to 5 directors, and up to 2 deputies. The annual general meeting elects the chairman and the vice-chairman of the board.
The Company is bound by the signature of the chairman of the board or by the joint signatures of two directors of the board.
§6
The general meeting shall be convened by written notification to all shareholders with a known address. The Notice shall be sent not later than 21 days before the meeting is to be held.
The right to attend and vote at the general meeting may only be exercised if the acquisition has been entered in the register of shareholders on the fifth working day before the general meeting (the registration date).
When documents relating to issues that are to be dealt with at the general meeting have been made available to the shareholders on the Company’s website, then the law’s requirement that the documents are to be sent to the shareholders does not apply. This also applies to documents that according to the law are to be included in or attached to the notice convening the general meeting. A shareholder may nonetheless demand to be sent documents that relate to issues that are to be dealt with at the general meeting.
§7
The following issues will be considered and decided by the annual general meeting:
- Adoption of the profit and loss statement and balance sheet, including application of the profit for the year or coverage of the loss for the year.
- Adoption of the consolidated profit and loss statement and balance sheet.
- Election of directors and deputy directors of the board of directors and determination of their remuneration.
- Approval of the auditor’s fee.
- Other issues which pursuant to law or the Articles of Association are to be decided by the annual general meeting.