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Nordic Mining ASA — AGM Information 2021
May 20, 2021
3678_rns_2021-05-20_243eedd2-c0c7-43e9-92f2-613b1a21ce02.pdf
AGM Information
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MINUTES FROM ANNUAL GENERAL MEETING IN NORDIC MINING ASA
The ordinary general meeting in Nordic Mining ASA was held on 20 May 2021 at 15:30 hours. The general meeting was held digitally due to the corona situation.
THE AGENDA WAS:
1. Opening of the meeting by the Chair of the Board or a person authorized by him, and registration of attending shareholders and shares represented by proxy
Kjell Roland opened the meeting.
Present and represented by proxy were the shareholders set out in enclosure 1. In total, 3.48 per cent of the share capital was represented.
Ivar S. Fossum and Christian Gjerde representing the management, the auditor EY represented by Jon Michael-Grefsrød and the company's legal counsel, and Kvale Advokatfirma, represented by Øystein Løken were also present.
2. Election of Chair of the meeting and one person to co-sign the minutes together with the Chair
Kjell Roland was elected to chair the meeting. Ivar S. Fossum was elected to co-sign the minutes from the meeting.
3. Approval of the summons and the agenda
The summons and the agenda were approved.
4. Approval ofthe financial statements and the annual report, including the report on corporate governance
The financial statements and the annual report for 2020 were approved.
The general meeting also approved the company's report on corporate governance prepared in accordance with section 3-3b of the Norwegian AccountingAct.
5. Determination of remuneration to the Board ofDirectors
The general meeting determined the following remuneration for 2020:
Chair: NOK 350,000 Board members: NOK 2 10,000
6. Determination ofremuneration to the Nomination Committee
The general meeting determined the following remuneration to the Nomination Committeefor 2020:
Leader: NOK 50,000 Members: NOK30,000
7. Determination of remuneration tothe company's auditor
The general meeting decided that the remuneration to the company's auditor shall be settiedaccording to the auditor's invoicing.
8. Election of BoardofDirectors
In accordance with the Nomination Committee's proposal, the general meeting resolved tore-elect Eva Kaijser, Benedicte Nordang and Anthony Beckmand as board members.
Consequently, the Board of Directors consists of the following persons:
| K je ll R ol d an |
C ha ir |
ir G A M 20 22 te rm ex p es |
|---|---|---|
| je ll Sl sj K et øe |
C ha ir D ut ep y |
ir A G 20 22 M te rm ex p es |
| E K ai js va er |
B rd b oa m em er |
ir A G 20 23 M te rm ex p es |
| B ed ic N da te en or ng |
rd b B oa m em er |
ir A G M 20 23 te rm ex p es |
| ho km d A B nt ny ec an |
B rd b oa m em er |
ir A G M 20 23 te rm ex p es |
9. Electionof members to the Nomination Committee
The general meeting resolved that Ole G. Klevan shall be re-elected as leader ofthe NominationCommittee.
Consequently, the Nomination Committee consists ofthe following persons:
| le O G K le va n |
L de ea r |
ir A G M 20 23 te rm ex p es |
|---|---|---|
| ri il B E ta ts er en |
be M em r |
ir A G M 20 22 te rm ex p es |
| ie T L or ge r n |
be M em r |
ir A G M 20 22 te rm ex p es |
10. The Board of Director's deciaration of remuneration policy for the executive management
Thegeneral meeting resolved the following:
"The general meeting noted the Board ofDirectors' declaration ofremuneration for the executivemanagem en tfor 2021."
11. Authorization to the Board of Directors to issueshares
Thegeneral meeting passed the following resolution:
"Tlie Board ofDirectors ofNordic Mining ASA (the "Company') is authorized to increase the share capital ofthe Company by up to N0K27,500,000, by one or more share issues, equal to approximately 20 per cent ofthe total issued shares at the date ofthis summons. The authorization may be usedfor thefollowing purposes:
- (1) Placements and issuance ofshares infavor ofsuitable investors in order to raise additional capital to the Company.
- (2) As consideration, in wliole or in part in connection with investment in other businesses.
TJie existing siiareholders'preferential right to subscribeforshares may be deviatedfrom.
Payment ofshare capital in connection with share capital increase under this autliorization may be made with other assets than cash as described in section 10-2 ofthe Norwegian Public Limited Liability Companies Act.
Ifthe Board ofDirectors resolves a cash issue pursuant to this authorization, with the consequence that the interests ofthe existing sharehoiders in the Company necessitates a subsequent offering, the Board ofDirectors sliail resolve — or should this autliorization not be sufficient, within reasonable time ca/ifor a general meeting with proposalfor — a share capital increase where the Company sharehoiders shail be offered to subscribeforshares on the same conditions (repair issue).
The Board ofDirectors isgranted the authority to amendArticie 4 oftheArticles of Association witii regard to the size ofthe sliare capital in accordance with capital increase(s) determined by the Board ofDirectors pursuant to this authorization.
This authorization shall be valid ti/i 3OJune 2022.
This authorization repiaces the remaining part ofthe authorization issued 14 May 2020."
Save for items 5-7 and 10 which were passed against 5,000 votes, and 11 which was passed against 19,650 votes, item all items on the agenda were passed unanimously. No further items were on the agenda. The general meeting was adjourned.
Oslo 20 May 2021
Kjell Roland Ivar S. Fossum
$\label{eq:3.1} \mathcal{B} = \mathcal{B} \left( \mathcal{B} \right)$
Total Represented
| IS IN : |
N 00 01 03 17 3A O M IN IN G 0 R D IC AS A |
|---|---|
| G al tin da te en er m ee g : |
20 /0 5/ 20 21 15 .3 0 |
| iav [T oc : |
20 .0 5. 20 21 |
Number of persons with voting rights represented/attended: 6
| N be of ah um r ar es |
% sc |
|
|---|---|---|
| tal To sh ar es |
22 9, 49 1,7 72 |
|
| sh th of o wn ar es e co m pa ny - |
0 | |
| To tal sh wi th tin rig ht ar es vo g s |
22 9, 49 1, 77 2 |
|
| R by sh ed nt ep re se ow n ar es |
87 7, 55 6 |
0. 38 % |
| R by ad ed nt ep te re se va nc e vo |
2, 16 1, 73 4 |
% 0. 94 |
| Su sh m ow n ar es |
3, 03 9, 29 0 |
1. 32 % |
| R ed by nt ep re se pr ox y |
4, 92 0, 97 0 |
% 2. 14 |
| R ed by tin in tio nt str ep re se vo g uc n |
23 ,4 92 |
% 0. 01 |
| Su sh m pr ox y ar es |
4, 94 4, 46 2 |
2. 16 0/ |
| To l ith ta d tin ri gh te ts re w pr es en vo g |
7, 98 3, 75 2 |
% 3. 48 |
| [T al by d sh pi ot te l ta re pr es en ar e ca |
7, 98 3, 75 2 |
% 3. 48 |
fl\
DNB Bank ASA Registrars Department
| R is fo th tr co m pa ny : eg ar r e |
i g n a ur e co m pa ny : |
|---|---|
| DN B B k AS A an |
OR )C D M IN IN G A A |
Protocol for general meeting NORDIC MINING ASA
| ISIN: Today: |
General meeting date: 20/05/2021 15.30 | NO0010317340 NORDIC MINING ASA 20.05.2021 |
|||||
|---|---|---|---|---|---|---|---|
| Shares class | FOR | Against Poll in | Abstain | Poll not registered Represented shares with voting rights |
|||
| Agenda item 1 Opening of the meeting by the Chair of the Board or a person authorized by him, and | |||||||
| Ordinær | registration of attending shareholders and shares repres | 7,983,752 | 0 | 7,983,752 | o | 0 | 7,983,752 |
| votes cast in % | 100.00 % | 0.00% | 0.00% | ||||
| representation of sc in % | 100.00 % | 0.00% | 100.00 % | 0.00% | 0.00 % | ||
| total sc in % | 3.48% | 0.00 % | 3.48 % | 0.00% | 0.00% | ||
| Total | 7,983,752 | 07,983,752 | o | o | 7,983,752 | ||
| Agenda item 2 Election of Chairman of the meeting and one person to co-sign the minutes together with the | |||||||
| Chair Ordinær |
7,983,752 | o | |||||
| votes cast in % | 100.00 % | 0.00% | 7,983,752 | 0 0.00% |
0 | 7,983,752 | |
| representation of sc in % | 100.00 % | $0.00 \%$ | 100.00 % | 0.00% | 0.00% | ||
| total sc in % | 3.48% | 0.00% | 3.48 % | 0.00 % | 0.00% | ||
| Total | 7,983,752 | 0 7,983,752 | o | o | 7,983,752 | ||
| Agenda item 3 Approval of the summons and the agenda | |||||||
| Ordinær | 7,983,752 | 0 | 7,983,752 | 0 | 0 | 7,983,752 | |
| votes cast in % | 100.00 % | $0.00 \%$ | 0.00 % | ||||
| representation of sc in % | 100.00% | 0.00% | 100.00 % | $0.00 \%$ | 0.00% | ||
| total sc in % | 3.48% | 0.00% | 3.48% | 0.00 % | 0.00 % | ||
| Total | 7,983,752 | 07.983.752 | o | o | 7,983,752 | ||
| governance | Agenda item 4 Approval of the financial statements and the annual report, including the report on corporate | ||||||
| Ordinaer | 7,973,252 | 0 | 7,973,252 | 10,500 | o | ||
| votes cast in % | 100.00 % | 0.00 % | $0.00 \%$ | 7,983,752 | |||
| representation of sc in % | 99.87% | 0.00% | 99.87% | 0.13% | 0.00 % | ||
| total sc in % | 3.47% | 0.00% | 3.47 % | 0.01% | 0.00% | ||
| Total | 7,973,252 | 0 7,973,252 | 10,500 | o | 7,983,752 | ||
| Agenda item 5 Determination of remuneration to the Board of Directors | |||||||
| Ordinær | 6,880,714 | 5,000 | 6,885,714 | 1,098,038 | 0 | 7,983,752 | |
| votes cast in % | 99.93% | 0.07% | 0.00 % | ||||
| representation of sc in % | 86.18% | 0.06% | 86.25% | 13.75 % | 0.00% | ||
| total sc in % | 3.00% | 0.00 % | 3.00% | 0.48% | 0.00% | ||
| Total | 6,880,714 | 5,000 6,885,714 1,098,038 | o | 7,983,752 | |||
| Agenda item 6 Determination of remuneration to the Nomination Committee | |||||||
| Ordinær | 6,880,714 | 5,000 | 6,885,714 | 1,098,038 | 0 | 7,983,752 | |
| votes cast in % | 99.93% | 0.07% | 0.00% | ||||
| representation of sc in % total sc in % |
86.18% | 0.06 % | 86.25% | 13.75 % | 0.00 % | ||
| Total | 3.00 % 6,880,714 |
0.00 % | 3.00 % 5,000 6,885,714 1,098,038 |
0.48% | 0.00% | ||
| Agenda item 7 Determination of remuneration to the company's auditor | 0 | 7,983,752 | |||||
| Ordinær | 6,882,714 | S,000 | 6,887,714 | 1,096,038 | 0 | 7,983,752 | |
| votes cast in % | 99.93% | 0.07% | 0.00 % | ||||
| representation of sc in % | 86.21 % | $0.06$ % | 86.27 % | 13.73 % | 0.00% | ||
| total sc in % | 3.00 % | 0.00% | 3.00 % | 0.48% | 0.00% | ||
| Total | 6,882,714 | 5,000 6,887,714 1,096,038 | o | 7,983,752 | |||
| Agenda item 8.1 Election of Board of Directors: Eva Kaijser, board member | |||||||
| Ordinær | 7,983,752 | 0 | 7,983,752 | 0 | 0 | 7,983,752 | |
| votes cast in % | 100.00 % | 0.00% | 0.00 % | ||||
| representation of sc in % | 100.00 % | 0.00% | 100.00 % | 0.00 % | 0.00 % | ||
| total sc in % | 3.48 % | $0.00 \%$ | 3.48 % | 0.00% | 0.00 % | ||
| Total | 7,983,752 | 0, 7, 983, 752 | o | $\bullet$ | 7,983,752 | ||
| Ordinær | Agenda item 8.2 Election of Board of Directors: Benedicte Nordang, board member | 7,983,752 | 0 | 7,983,752 | 0 | ||
| votes cast in % | 100.00 % | 0.00% | 0.00 % | o | 7,983,752 | ||
| representation of sc in % | 100.00 % | 0.00 % | 100.00 % | 0.00% | 0.00% | ||
| total sc in % | 3.48 % | 0.00% | 3.48 % | 0.00% | 0.00% | ||
w
Agenda item 8.3 Election of Board of Directors: Anthony Beckman, board member
| Shares class | FOR | Against Poll in | Abstain | Poll not registered Represented shares with voting rights |
||
|---|---|---|---|---|---|---|
| Ordinær | 7,983,752 | 0 | 7,983,752 | O | $\mathbf{D}$ | 7,983,752 |
| votes cast in % | 100.00 % | 0.00% | 0.00% | |||
| representation of sc in % | 100.00 % | $0.00 \%$ | 100.00 % | 0.00 % | 0.00% | |
| total sc in % | 3.48% | $0.00 \%$ | 3.48% | 0.00% | 0.00% | |
| Total | 7,983,752 | 0, 7, 983, 752 | $\bullet$ | 0 | 7,983,752 | |
| Agenda item 9 Election of members to the Nomination Committee - Ole G. Klevan, leader | ||||||
| Ordinær | 7,983,752 | 0 | 7,983,752 | ٥ | 0 | 7,983,752 |
| votes cast in % | 100.00 % | $0.00 \%$ | 0.00 % | |||
| representation of sc in % | 100.00 % | 0.00 % | 100.00 % | 0.00 % | 0.00% | |
| total sc in % | 3.48% | 0.00% | 3.48% | 0.00% | 0.00% | |
| Total | 7,983,752 | 07,983,752 | $\bullet$ | $\bullet$ | 7,983,752 | |
| Agenda item 10 The Board of Director's declaration of remuneration policy for the executive management | ||||||
| Ordinaer | 6,883,252 | 5,000 | 6,888,252 | 1,095,500 | $\mathbf o$ | 7,983,752 |
| votes cast in % | 99.93 % | 0.07% | 0.00% | |||
| representation of sc in % | 86.22 % | 0.06% | 86.28 % | 13.72 % | 0.00% | |
| total sc in % | 3.00% | 0.00% | 3.00 % | 0.48% | 0.00% | |
| Total | 6,883,252 | 5,000 6,888,252 1,095,500 | o | 7,983,752 | ||
| Agenda item 11 Authorization to the Board of Directors to issue shares | ||||||
| Ordinær | 7,943,341 | 19,650 | 7,962,991 | 20,761 | $\mathbf{0}$ | 7,983,752 |
| votes cast in % | 99.75 % | 0.25% | 0.00 % | |||
| representation of sc in % | 99.49 % | $0.25 \%$ | 99.74 % | 0.26 % | 0.00% | |
| total sc in % | 3.46% | $0.01 \%$ | 3.47% | 0.01% | 0.00% | |
| Total | 7,943,341 | 19,650 7,962,991 | 20,761 | o | 7,983,752 |
Registrar for the company:
DNB Bank ASA
Signature company: NORDIC MINING ASA
$\varsigma$
mnover Bank ASA DNB
Registrars Department
Share Information
Total number of shares Nominal value Share capital Voting rights Name Ordinaer 229,491,772 0.60 137,695,063.20 Yes Sum:
§ 5-17 Generally majority requirement
requires majority of the given votes
§ 5-18 Amendment to resolution
Requires two-thirds majority of the given votes
like the Issued share capital represented/attended on the general meeting
$\mathcal{V}(\mathbf{Q}|\mathcal{C})$