Annual report 2008 - Comrod

SHARES AND SHAREHOLDERSComrod Communication ASA has a sharecapital of NOK 16.9 million. Each share hasa nominal value of NOK 1.00. At the endof 2008, the Company had a market valueof NOK 184.6 million (233.8 at the endof 2007). This represents a decrease invalue of 21 % during 2008, while Oslo Børsbenchmark index (OSEBX) was reduced by54.1% in the same period.Comrod Communication is listed on the Oslostock exchange (Oslo Børs) under the tickersymbol COMROD.Demerger and Capital increaseComrod Communication Group is a result ofa demerger of Hexagon Composites on 19thJanuary 2007. The shares were listed on OsloBørs, Norway on 22nd January 2007.Shareholder policyThe company has only one class of sharesand all shares are freely negotiable. TheGroup’s corporate management codeof conduct deals with matters such ascapital increases and equal treatment ofshareholders.In the event of an increase in share capital,all shareholders will normally be treatedequally. If this is not the case, subsequentmeasures will be implemented to ensure thatthe other shareholders are, as far as possible,in the position they would have had if theyparticipated in the original increase in capital.The Group will normally conduct transactionsin its own shares through the stock exchangeor at market rates. Particular prudence shouldbe applied in external transactions in whichthe Group’s shareholders, board members,management or related parties have afinancial or personal interest.In the event of any not immaterialexternal transactions in which the Group’sshareholders, board members, managementor related parties have a financial or personalinterest, a valuation must be obtained froman independent third party.Investor RelationsThe Group’s information policy is basedon openness and equal treatment of allshareholders. This is also laid down in thecompany’s code of conduct for corporategovernance.All shareholders will receive correct, clear,relevant and prompt information.Emphasis will be placed on producing anddeveloping major value drivers and riskfactors.All stock exchange information is availablein English. Comrod Communicationholds regular presentations at whichshareholders may put forward theirviews. The presentations are normallyalso simultaneously webcast. Time andresources are also allocated for providinganalysts, brokers and potential investors withinformation. On request, the Group arrangespresentations for these parties. In 2008,Group presentations were held in Oslo andStavanger.Head of IR, Comrod Communication ASA:Chief Financial Officer Kari DuestadTel. +47 51 74 05 20Mob. +47 924 63 690E-mail: kd@comrod.comNorwegian Central Securities Depository(VPS) operator:DnB NOR v/Rina Kaur DuggalTel. +47 22 48 24 79E-post: rina.kaur.duggal@dnbnor.no88 Comrod Communication Group Annual report 2008