Okay. It's 9:00. Welcome to the AGM of Polar. My name is Geir Evenshaug . I'm a Partner with the law firm, BAHR. I've been asked to open the meeting. The records show that we have approximately 25% of the share capital represented, either by pre-voting or proxies. We have Henno Grenness, as the CEO, present by Teams. We have the Chairman, Julien Balkany, present, and we have also the auditor, Erik Søreng, present. As usual, the minutes with the records of the votes cast will be available after the meeting. We'll just jump right into the agenda. Item one is election of chairperson, and the proposal has been that I will chair the meeting. There are no votes against that, so I will just continue then as the chairperson.
Also, there's a proposal that Henno is elected to co-sign the minutes, and again, there are no votes against that. Item two on the agenda is approval of the notice and the agenda. As we go along, if anyone have any questions, feel free to just ask. There are no votes against the notice and the agenda, so that item is also then approved. Item three relates to the approval of an interim balance sheet. This has been audited by EY, and it's dated July 31, 2026. There are no votes against approval of the interim balance sheet, so the balance sheet has been approved. Which brings us to item four on the agenda, which is an increase in the par value of the company's shares.
As has been explained in the calling notice for this meeting, the reason for this is that the current par value is a number with a lot of decimals. So here by doing a technical transfer from the company's free equity to the company's share capital by increasing the par value. This has no kind of impact or bearing on the actual value of the shares as such. So the new par value will be NOK 0.10 , NOK 0.10. There are no votes against this proposal, so the increase has been approved. Item five on the agenda for this AGM is the board authorization to acquire own shares. This is then a kind of a standard authorization for the board to acquire own shares in the market and on the terms that are set out in the proposed resolution.
Again, we have no votes against this proposal, so the board authorization has been approved. That basically concludes the items on the agenda. Are there any questions to or from anyone on this call? If not, we are going to close the meeting. As I said, the minutes will be available later today. So thank you for your participation and have a good day. Thank you.
Thank you.