StrongPoint ASA (OSL:STRO)
Norway flag Norway · Delayed Price · Currency is NOK
9.94
-0.16 (-1.58%)
Sep 23, 2026, 12:30 PM CET
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AGM 2023

Apr 27, 2023

Morthen Johannessen
Chairman of the Board, StrongPoint

We have received in advance 16 million + almost 36% of the issued shares is the highest ever. I take that as a good sign of a good interest for our company. So thanks a lot to all of you. We have not received any amendments or new proposals to the agenda, so we can view the agenda and the notice itself as approved. Item three, annual report for 2022. Before I comment on the numbers very briefly, I would just. A top line of getting close to NOK 1.4 billion and an EBITDA of NOK 75.5 million, up with almost NOK 22 million. Very strong results, very strong performance. I would like to use the opportunity to say thank you to Jacob and his executive team, and not at least to the entire StrongPoint organization.

Behind the NOK 0.90 per share, no one have come with any counterproposal on that. That has also then been approved by this meeting, and the dividend will be paid to all shareholders over the next few weeks. The Board of Directors report on corporate governance. It's not something that we are going to vote on this meeting, but I urge you all to take a look on our web page and the annual report also. The world is pretty complex nowadays, and we spend a lot of time on corporate governance, the practice of corporate governance. That's only of practical reasons, and I will actually also get back to that finally in this meeting. So you can read all the details on the other corporate governance policy and how we deal with that in our annual report and on our website. So please do so.

Election of the Board of Directors. We are up for election every year, in fact, and we have this year one change. Klaus de Vibe w hich has accepted that. Audun knows StrongPoint pretty well. He is working for our second-biggest shareholder, been following the company for a long time, so he will be a very valuable asset to the Board. Same time, I would definitely like to use the opportunity also to say thank you to Klaus for his long service and the massive contribution to the Board of Directors. The nomination committee then proposed a Board with the following representation. Myself, will continue, three of five. We have a system where we use 20% of our gross remuneration to buy shares in the company. I would just want to underline that when we buy those shares, it's without single percent discount.

You buy them full price in the market. We also have some hardworking committees. We have had a system up to now where we have had allowance per meeting. In a world where some meetings are face-to-face, some meetings are Teams, some other are telephone calls it's a little bit kind of complex and drives cost, in fact, in terms of the admin part of it. So we have been then recommending to do like most other listed companies nowadays, to have fixed amounts for committee work. You can see the different committees that we have, the Audit Committee and the Remuneration Committee. Nomination Committee, Svein Jacobsen, which had been Chairman of StrongPoint for many years, then moved on and took over also as Chairman of the Nomination Committee when he left the Board.

Svein is now stepping down, and at the same time Audun Nordtveit is joining the Board. That means it is two new members being nominated to the Nomination Committee. That is Hilde, our CFO, which is unfortunately leaving the company in a few weeks' time. She has accepted the position as a new Chair of the Nomination Committee. Inger Johanne Solhaug will continue, and Are Juklestad Berg, which is working for our biggest shareholder, Strømstangen, he will also join the Nomination Committee. That looks like a strong team going forward. That has been approved. Remuneration for the Nomination Committee. I can just repeat what I just said of bonus systems, and we have a long-term incentive system in place also. We are not proposing any changes to remuneration policy this year. That has also been approved by this meeting and the shareholders.

As said, we have a long-term incentive system in place, and Peter Wirén will now take over. He is the Chair of the Remuneration Committee and give you some more insight in terms of what we are proposing there. Peter.

Peter Wirén
Member of the Board of Directors, StrongPoint

Thank you. Reflecting the underlying long-term value creation of the company, the Board considers this to be an important element in the efforts to reach the communicated 2025 strategic ambitions and ambitions. The Board will take into consideration the company's goals and strategies, as well as targeted performance for executive management when granting the options. The limits for the allocation of share options is determined by the Board within the Board mandates approved by the general meeting. The option scheme will be granted with a strike price equal to the market price at grant. Number of options equals 5.2% of the outstanding shares. The authorization suggested is, however, limited to one year only. The Annual General Meeting is requested to authorize the Board to settle the options, either by issuing new shares or by acquiring own shares in the market. In short, that is the proposal.

Thank you, and over to you, Morthen.

Morthen Johannessen
Chairman of the Board, StrongPoint

Thank you very much, Peter. Need to do it, but keeping a holding at a level that we are comfortable with is, I think, is our objective as a Board on that one also. Got more than 88% support on that one. So that has also been approved by this meeting. That in fact concludes this year's Annual General Meeting for StrongPoint. I would like to thank you all for participating by sending in your votes in advance. I wish you a wonderful day. Thanks a lot.