Norges Bank Investment Management has been informed of the proposed spin-off and supports the strategic rationale set out by the company.
Based upon the terms and conditions in the company statement and our expectation of sound corporate governance practices in delivery of the proposed spin-off, it is our intention to support the proposal when put to shareholder vote at the next Annual General Meeting. Our final approval will be confirmed once we have reviewed all documentation available to shareholders prior to the next Annual General Meeting.
As at 22 August 2016, Norges Bank Investment Management controls the exercise of all rights attaching to, including the ability to procure the vote and transfer of, 8,066,000 class A shares and 31,425,905 class B shares in the capital of Svenska Cellulosa AB, representing 8.7% total voting rights of Svenska Cellulosa AB.