08 Dec 2015

Norske Skog: Extraordinary General Meeting

Reference is made to the stock exchange notice made on 4 December 2015 by GSO Capital Partners L.P. (GSO) and Cyrus Capital Partners, L.P. (Cyrus), in which a combined shareholding in Norske Skogindustrier ASA of 21.824.672 shares, equivalent to 11.49% of the issued shares and voting rights was disclosed. GSO and Cyrus have subsequently requested that an extraordinary general meeting be held in Norske Skogindustrier ASA, at which the following agenda items are included:

  1. Election of new members of the Board of Directors to replace the Board members Ms Karin Bing Orgland, Ms Siri Beate Hatlen and Mr Ole Enger.
  2. Election of new members of the Election and Remuneration Committee to replace certain of the current members.
  3. GSO and Cyrus' contemplated refinancing proposal for Norske Skogindustrier ASA.

Furthermore, GSO and Cyrus have notified that they will revert with their proposal for new members to the Board of Directors and new and departing members of the Election and Remuneration Committee, as well as a presentation of their refinancing proposal.

Pursuant to Section 5-7 (2) of the Norwegian Public Limited Liability Companies Act, shareholders holding more than 5% of the share capital may require that an extraordinary meeting is called for to address specified matters. Such extraordinary general meeting shall be held within one month. The Board of Directors will therefore call for an extraordinary general meeting to be held within 7 January 2016.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Norske Skog
Communications and Public Affairs

For further information:

Norske Skog media:
Vice President Corporate Communication 
Carsten Dybevig
Mob: +47 917 63 117


Norske Skog financial markets: 
Vice President Investor Relations
Tom Rogn
Mob: +47 948 55 659