Torp Computing Group ASA
Torp Computing Group ASA
Torp Computing Group ASA
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65<br />
INFORMATION MEMORANDUM<br />
Merger of Komplett <strong>ASA</strong> and <strong>Torp</strong> <strong>Computing</strong> <strong>Group</strong> <strong>ASA</strong><br />
7.9 Related party transactions<br />
The Chairman of the Board of Directors of TCG, Gunnar Bjønness, owns, directly and indirectly,<br />
20 % of <strong>Torp</strong> IT AS, which owns the building where the offices of TCG are located, and 12.5 % of<br />
Multicase Norge AS, which owns the Multicase system used by TCG. Apart from this, the company<br />
has not entered into any transactions with shareholders, members of the Board, members of<br />
management or close associates of any such parties for the last three years other than such<br />
transactions as form a normal part of stock exchange activities.<br />
7.10 Legal and Arbitration<br />
TCG is currently not involved in, and has not for the last 12 months been involved in, any<br />
governmental, legal or arbitration proceedings which may have, or have had in the recent past,<br />
significant effects on TCG’s and the TCG group’s financial position or profitability. TCG is further not<br />
aware that any such proceedings are pending or threatening.<br />
7.11 Material Contracts<br />
In May 2007 TCG signed a contract with a new warehouse facility under construction in Sandefjord,<br />
Norway, which is expect to finished during the summer 2008. The warehouse is only 200 meter<br />
from Komplett’s warehouse in Sandefjord.
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