English version - Hexagon Composites ASA

COMROD COMMUNICATION ASA – LISTING ON THE OSLO STOCK EXCHANGE
7.3 Historical financial statements.............................................................................69
7.4 Pro-forma financial information ...........................................................................74
7.5 Annual report for Comrod Communication ASA......................................................80
7.6 Capital resources ..............................................................................................80
7.7 Discussion of financial condition and results of operations .......................................83
7.8 Investments.....................................................................................................84
7.9 Financial instruments.........................................................................................86
7.10 Subsequent events............................................................................................86
7.11 Changes in financial structure subsequent to Q3 2006 ............................................86
7.12 Changes in the Company’s financial or trading position...........................................86
7.13 Trend information .............................................................................................86
7.14 Statutory Auditor ..............................................................................................87
8 BOARD OF DIRECTORS AND MANAGEMENT................................................................ 88
8.1 Board of Directors .............................................................................................88
8.2 Management ....................................................................................................88
8.3 Background of the Management and Board of Directors ..........................................88
8.4 Conflicts of interest ...........................................................................................90
8.5 The Board’s independence..................................................................................91
8.6 Remuneration and benefits.................................................................................91
8.7 Board practices.................................................................................................91
8.8 Employees .......................................................................................................92
8.9 Financial reporting and IR ..................................................................................92
8.10 Related Party Transactions .................................................................................92
9 SHARE CAPITAL AND SHAREHOLDER MATTERS ......................................................... 93
9.1 Share capital - overview ....................................................................................93
9.2 Share Registration and Listing ............................................................................93
9.3 Share Option Plan .............................................................................................93
9.4 Convertible loans, warrants etc. ..........................................................................93
9.5 Authorizations ..................................................................................................94
9.6 Shareholder structure........................................................................................94
9.7 Articles of Association........................................................................................95
9.8 Shareholder and dividend policy..........................................................................95
9.9 Corporate governance .......................................................................................96
9.10 Mandatory Bid Rules..........................................................................................96
9.11 Compulsory Acquisition Rules .............................................................................96
9.12 Disclosure of Acquisition and Disposals.................................................................97
9.13 Public takeover bids past 12 months ....................................................................97
10 TAXATION.................................................................................................................. 98
10.1 Norwegian shareholders.....................................................................................98
10.2 Non-resident shareholders..................................................................................99
10.3 Transfer taxes etc. VAT.................................................................................... 100
10.4 Inheritance tax ............................................................................................... 100
11 LEGAL MATTERS....................................................................................................... 101
11.1 Certain regulatory issues with respect to the United States ................................... 101
11.2 Legal and arbitration proceedings ...................................................................... 101
12 DOCUMENTS ON DISPLAY ........................................................................................ 102
13 DEFINITIONS........................................................................................................... 103
APPENDIX 1: ARTICLES OF ASSOCIATION ..................................................................... 105
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