Dividend

The company’s ambition is to provide a stable return on equity over time. Return on invested capital is calculated as the joint effect of rise in share value as well as cash dividends. Total return on equity should reflect profitability from our activity.

At the same time, the overall goal is to ensure financial stability by always securing that equity at least equals 30% of total consolidated capital according to our balance sheet.

Wilson’s long-term aim is to pay cash dividends equals to 20-40% of annual results, while some years the company can deviate from this aim as the company operates in a cyclical industry. The dividend policy will always be considered in light of planned expansion and growth ambitions during the positive period of business cycles and solidity/solvency during the negative period of business cycles, as well as the impact on profits from unrealized items.

Whenever the company is in a position to pay cash dividends and such payments have been approved by the AGM (Annual General Meeting), payments will be made as soon as is practicable after the AGM is adjourned.

Market Communication

The company’s aim is to provide the stock market and other relevant stakeholders with information at the right time in order to ensure a complete and correct assessment of the company, as well as giving investors an adequate basis for making decisions on buying or selling of shares in the company.

Information required by law and regulations is transmitted to the stock market by way of stock exchange notices and on the company website www.wilsonship.no. Notices are distributed through Intrado and published on www.newsweb.no. Publication of quarterly, half yearly and annual results takes place in accordance with the financial calendar that has been made public by financial calendar as well as on the company website.

Thirty days ahead of publication of quarterly results Wilson imposes a “quiet period” where contacts with analysts, investors and journalists will be limited to a minimum. Company insiders practice a self-imposed ban on trading in shares in the company during the same period.

Annual General Meeting

The AGM of Wilson ASA is normally held sometime during the 2nd quarter. Shareholders with a known address will receive a notice of the AGM by mail while relevant documents are made available though the company website in accordance with our articles of association. Attached to the notice there will be the forms necessary for registering attendance at the AGM as well as forms for voting by proxy for those unable to attend. Notice of the AGM will be given also as stock market notice as well as on the company website.

The company has no nomination committee. This practice deviates from the agreed corporate governance and management recommendation from NUES. The company has a limited number of shareholders with a controlling share of the equity with one main shareholder. The board of directors consideres that a nomination committee is not needed. The major shareholder will put forward nominations for members of the board of directors when this is deemed necessary.