At the company's annual general meeting on 20 June 2003, it was decided that the company's board and management were to be indemnified against liability and expenses relating to suits filed in connection with arrangements made on behalf of the company, until the directors' liability insurance takes effect or the final question of guilt has been concluded.
A group of shareholders requested that this decision be investigated. Through a letter from their lawyer to the court of probate and bankruptcy these shareholders have now asked the investigation to be closed, the reason being, inter alia, the information received from DNO about the voting at the annual general meeting, which confirms that the decision is valid.
The opinion of DNO has always been that no basis existed for the investigation, which has now been confirmed. DNO is pleased that this issue has now been resolved, and that the company's board and management will again be able to focus on value creation for its shareholders.