Item 7a: Authorisation to acquire the company’s own shares
Buying back shares can be a good supplement to paying dividends. However, Olav Thon Eiendomsselskap ASA is a very illiquid share with a limited trading volume in the market and inefficient pricing. Buying back shares at these discount levels also favours those who are not selling, and Folketrygdfondet therefore believes it is a poorer alternative than dividends that would have treated all shareholders equally. At the same time, it further reduces free flow.
Item 7b: Authorisation to increase the share capital
The share is traded at a substantial discount in relation to underlying values, and share issues at these levels could have unfortunate diluting effects for current shareholders.