Investor relations 

Entra has a sound capital base and a strong cash flow, which provide the foundations for further growth in line with the company's strategy. We will at all times give our owners, potential investors and other market participants simultaneous access to accurate, relevant, complete and consistent information about the company in line with the Oslo Stock Exchange’s applicable IR recommendations.

Anders Olstad

CFO

+47 900 22 559

anders.olstad@​entra.no

Tone Kristin Omsted

Investor relations

+47 982 28 510

tone.omsted@​entra.no

Financial calendar

  • 09.02.18 Q4 2017 report

  • 20.04.18 Q1 2018 report

  • 20.04.18 Annual General Meeting

  • 11.07.18 Half-yearly 2018 report

  • 18.10.18 Q3 2018 report

  • 08.02.19 Q4 2018 report

The Entra share

Entra ASA is registrered at Oslo Børs under the ticker: ENTRA

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Entra ASA (ENTRA) Oslo Børs
Updated 12.12.2017 08:47 (Europe/Oslo)
114.0
0.03
0.03%

Press and financial messages

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Annual and interim reports

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Financing

Entra is a major issuer of bonds and commercial paper in the Norwegian market. See the list of outstanding issues listed on the Oslo Stock Exchange. 

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Corporate governance

Articles of association, company certificate, and corporate governance.

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Financial tables

All figures in NOK millions Q3-17Q2-17Q1-17Q4-16Q3-16Q2-16Q1-16Q4-15Q3-15Q2-15Q1-152016201520142013
Rental income 506,7517,0525,1506,4476,8462,6453,5437,2458,6423,4440,41.899,41.759,71.772,01.632,3
Change period-on-period 6,3%11,8%15,8%15,8%4,0%9,3%3,0%-2,6%2,5%-4,3%1,7%7,9%-0,7%8,6%2,8%
Net operating income 467,9476,0489,1454,9434,8421,5428,9376,0410,9381,0406,51.740,11.574,41.624,31.475,0
Change period-on-period 7,6%12,9%14,0%21,0%5,8%10,6%5,5%-6,7%1,0%-8,3%1,8%10,5%-3,1%10,1%2,6%
Net income from property management 306,8327,8311,0272,8260,5257,9278,3220,2258,4110,2210,31.069,6799,1773,8525,2
Change period-on-period 17,8%27,1%11,7%23,9%0,8%134,1%32,3%68,3%15,4%-49,4%4,5%33,8%3,3%47,4%na
Profit before tax 1.031,11.446,31.302,01.474,6757,4789,5284,4717,0680,6661,01.016,23.306,03.074,91.377,0457,6
Change period-on-period 36,1%83,2%357,8%105,7%11,3%19,4%-72,0%65,0%29,0%104,3%1.014,7%7,5%123,3%200,9%-43,4%
Profit after tax 823,21.246,01.044,31.315,7582,4603,0221,3774,5492,4506,4948,12.722,32.721,31.025,7465,7
Change period-on-period 41,4%106,6%371,9%69,9%18,3%19,1%-76,7%137,7%28,0%106,9%1.247,4%0,0%165,3%120,2%-34,8%
Market value of the property portfolio* 38.431,537.553,836.986,835.784,835.191,132.046,729.862,529.598,028.756,328.085,827.688,635.784,829.598,028.358,024.963,0
Net nominal interest-bearing debt 17.377,517.477,717.631,017.453,717.515,715.038,814.514,914.639,612.843,012.901,112.270,617.453,714.639,613.889,814.350,1
Loan to value* 43,9%45,3%46,4%47,6%48,7%45,9%45,2%46,1%43,9%45,2%43,7%47,6%46,1%48,4%56,6%
Interest coverage ratio* 2,93,12,92,82,72,72,82,62,92,52,32,72,52,01,8
EPRA NAV 16.342,016.342,016.342,016.342,016.342,016.342,014.029,014.029,014.029,014.029,014.029,016.342,014.029,010.949,0
EPRA NNNAV 14.955,014.955,014.955,014.955,014.955,014.955,012.531,012.531,012.531,012.531,012.531,014.955,012.531,09.847,0
Number of shares 183,7183,7183,7183,7183,7183,7183,7183,7183,7183,7183,7183,7183,7183,70,1
All figures in NOK per share* Q3-17Q2-17Q1-17Q4-16Q3-16Q2-16Q1-16Q4-15Q3-15Q2-15Q1-152.016,02.015,02.014,02.013,0
EPRA NAV 120,7117,2110,2101,393,291,290,389,085,181,081,4101,389,076,476.998,0
Change period-on-period 29,5%28,6%22,0%13,9%9,6%12,5%11,0%nananana13,9%16,4%nana
EPRA NNNAV 111,5108,2101,493,484,682,682,281,477,674,273,693,481,468,069.253,0
Change period-on-period 31,8%31,0%23,3%14,7%9,0%11,4%11,7%nananana14,7%19,7%nana
EPRA Earnings 1,21,41,21,21,01,01,10,80,80,90,84,33,33,03.158,0
Change period-on-period 30,1%33,6%15,7%52,3%12,5%19,9%40,1%nananana31,4%8,3%nana
Cash earnings**/*** 1,71,81,71,51,41,41,51,21,40,61,25,85,04,13.833,3
Change period-on-period 17,4%25,0%11,7%22,2%0,8%138,5%32,0%nananana17,0%20,8%nana
Dividend per share**** 0,02,00,01,80,01,70,03,00,0nana3,53,02,5na
Change period-on-period 0,0%17,6%0,0%na0,0%na0,0%na0,0%nana15,0%20,0%nana
* See section "Calculation of key figures and definitions"
** Cash earnings in 2015 has been adjusted by 115 million due to termination of swap contracts in Q2-2015.
The termination fee was defined as a one-off item and did not reduce cash earnings as a basis for dividend for 2015.
*** Cash earnings definition changed from Q1-16 to also include net income from property management for JVs excluding Oslo S Utvikling. See definitions.
**** In 2016 Entra ASA started with semi-annual payments of dividends. Dividends in 2016 of 3.45 per share constitute of dividend approved and paid in 2016 for the first half year 2016
and dividend approved for second half of 2016, paid in May 2017. Dividend year to date Q2-17 relates to approved, not yet paid dividend.
Several of the numbers are marked as not applicable ("na") as the figures are not comparable either due to historical changes in the P&L or due to changes in the outstanding shares of Entra ASA.
All figures in NOK millions Q3-17Q2-17Q1-17Q4-16Q3-16Q2-16Q1-16Q4-15Q3-15Q2-15Q1-1520162015
Rental income 506,7517,0525,1506,4476,8462,6453,5437,2458,6423,4440,41.899,41.759,7
Repairs & maintenance -12,9-8,4-5,9-20,2-13,8-14,0-2,3-23,5-17,1-8,1-7,7-50,3-56,4
Operating costs -25,9-32,7-30,1-31,3-28,3-27,2-22,3-37,8-30,7-34,3-26,2-109,1-128,9
Net operating income 467,9476,0489,1454,9434,8421,5428,9376,0410,9381,0406,51.740,11.574,4
Other revenue 26,1129,361,1766,571,354,258,427,419,826,7165,8950,5239,7
Other costs -23,8-105,3-58,8-753,2-65,0-54,8-54,0-27,0-16,9-21,8-158,7-927,0-224,4
Administrative costs -36,4-36,3-42,7-42,3-38,0-27,7-43,8-45,4-36,1-32,5-54,1-151,8-168,2
Share of profit from associates and JVs 30,67,8124,374,057,410,68,115,8-13,231,710,2150,144,5
Net realised financials -133,2-138,5-140,8-153,3-145,3-140,2-132,9-111,9-119,8-245,3-148,6-571,7-625,5
Net income 331,2333,1432,3346,6315,2263,6264,8234,8244,7139,8221,21.190,2840,5
- of which net income from property management 306,8327,8311,0272,8260,5257,9278,3220,2258,4110,2210,31.069,6799,1
Changes in value of investment properties 682,11.077,6869,9867,7374,4566,7181,9403,1521,5177,6715,61.990,61.817,8
Changes in value of financial instruments 17,835,6-0,2260,467,9-40,7-162,379,2-85,5343,579,5125,3416,6
Profit before tax 1.031,11.446,31.302,01.474,6757,4789,5284,4717,0680,6661,01.016,23.306,03.074,9
Tax payable -0,9-5,20,0-3,80,0-0,00,00,00,00,00,0-3,80,0
Change in deferred tax -207,0-195,1-257,6-155,2-175,1-186,5-63,157,4-188,3-154,6-68,1-579,9-353,6
Profit for period/year 823,21.246,01.044,31.315,7582,4603,0221,3774,5492,4506,4948,12.722,32.721,3
Actuarial gains and losses -14,00,00,04,6-27,50,00,035,13,80,00,0-22,938,9
Change in deferred tax on comprehensive income 3,40,00,0-1,26,90,00,0-9,5-1,00,00,05,7-10,5
Total comprehensive income for the period/year 812,51.246,01.044,31.319,2561,7603,0221,3800,1495,1506,4948,12.705,22.749,7
Profit attributable to:
Equity holders of the Company 815,31.230,61.028,01.262,3574,7559,0223,1765,6451,7495,4935,72.619,12.648,2
Non-controlling interest 7,815,416,353,47,644,0-1,88,940,711,012,4103,273,1
Total comprehensive income attributable to:
Equity holders of the Company 804,71.230,61.028,01.265,8554,1559,0223,1791,3454,5495,4935,72.601,92.676,6
Non-controlling interest 7,815,416,353,47,644,0-1,88,940,711,012,4103,273,1
All figures in NOK millions 30.09.201730.06.201731.03.201731.12.201630.09.201630.06.201631.03.201631.12.201530.09.201530.06.201531.03.2015
Intangible assets 124,5123,1123,7124,2161,5161,4160,5160,9193,9192,1186,8
Investment property 37.121,237.409,536.327,235.629,134.355,931.169,929.070,328.823,428.092,527.939,427.406,0
Other operating assets 22,120,821,426,327,327,127,935,130,231,237,0
Investments in associates and JVs 1.826,71.806,51.763,91.561,41.584,91.502,62.877,12.788,81.121,41.170,31.121,8
Financial derivatives 421,4438,8456,6472,4574,3640,2633,8530,3532,0425,3537,4
Long-term receivables 202,6201,6169,3162,766,169,165,752,750,961,564,7
Total non-current assets 39.718,540.000,238.862,137.976,136.770,033.570,332.835,432.391,330.020,929.819,729.353,7
Property and housing-units for sale 0,10,10,10,1676,4664,8644,8588,9556,733,950,7
Investment property held for sale 1.323,9160,0674,6168,4138,5194,3148,2165,4150,0178,2298,8
Trade receivables 32,728,946,026,661,314,960,655,642,336,079,5
Other receivables 802,7650,8531,1476,0344,2272,3238,0205,998,6118,876,5
Cash and bank deposits 233,8139,3380,6242,7188,0157,5135,6211,7158,272,1127,2
Total current assets 2.393,1979,11.632,5913,71.408,31.303,71.227,21.227,41.005,8439,0632,7
Total assets 42.111,640.979,340.494,738.889,838.178,334.874,034.062,633.618,731.026,730.258,729.986,4
Shareholders equity 17.104,316.667,115.759,514.731,713.466,013.224,213.217,912.994,812.203,611.749,211.713,9
Non-controlling interests 426,5418,6403,3391,9408,5400,9356,9358,7349,8309,2298,2
Total equity 17.530,817.085,716.162,815.123,713.874,513.625,113.574,813.353,512.553,512.058,412.012,1
Interest-bearing debt 13.440,214.649,714.616,614.734,014.487,611.849,411.972,912.082,611.599,911.083,710.393,1
Deferred tax liability 4.511,44.308,04.112,93.855,33.697,73.572,23.380,13.324,13.363,23.178,53.024,6
Financial derivatives 773,9801,5850,3893,61.130,21.283,01.295,21.120,91.136,0941,11.273,9
Other non-current liabilities 364,7344,0350,1357,7254,9230,2230,3236,6203,2220,0201,7
Total non-current liabilities 19.090,120.103,319.929,819.840,519.570,416.934,816.878,516.764,116.302,215.423,214.893,3
Interest-bearing debt 4.590,13.393,83.826,23.378,63.751,83.851,83.122,83.122,81.821,22.312,02.550,0
Trade payables 284,5209,1256,7289,8274,9255,4220,9142,3165,4284,9248,1
Other current liabilities 616,2187,4319,1257,2706,7207,0265,7236,0184,5180,3283,0
Total current liabilities 5.490,83.790,34.402,03.925,74.733,44.314,13.609,33.501,12.171,02.777,13.081,1
Total liabilities 24.580,823.893,624.331,923.766,224.303,921.248,920.487,820.265,218.473,318.200,417.974,4
Total equity and liabilities 42.111,640.979,340.494,738.889,838.178,334.874,034.062,633.618,731.026,730.258,729.986,4
All figures in NOK millions Q3-17Q2-17Q1-17Q4-16Q3-16Q2-16Q1-16Q4-15Q3-15Q2-15Q1-1520162015
Profit before tax 1.031,11.446,31.302,01.474,6757,4789,5284,4717,0680,6661,01.016,23.306,03.074,9
Income tax paid 0,0-3,80,00,00,00,00,00,00,00,00,00,00,0
Net expensed interest and fees on loans 133,3137,2142,0171,0144,5140,9132,3125,1158,0132,9145,1588,7645,0
Net interest and fees paid on loans -111,2-183,7-134,4-130,0-111,3-152,4-126,4-119,6-157,6-147,5-158,8-520,0-583,5
Share of profit from associates and jointly controlled entities -30,6-7,8-124,3-74,0-57,4-10,6-8,1-15,813,2-31,7-10,2-150,1-44,5
Depreciation and amortisation 2,41,81,139,62,11,83,01,94,12,210,146,518,2
Changes in value of investment properties -682,1-1.077,6-869,9-867,7-374,4-566,7-181,9-403,1-521,5-177,6-715,6-1.990,6-1.817,8
Changes in value of financial instruments -17,8-35,60,2-260,4-67,940,7162,3-79,285,5-343,5-79,5-125,3-416,6
Change in working capital 86,9-60,6-66,32,6-29,8-42,611,138,92,030,7-13,7-58,7-26,1
Net cash flow from operating activities 412,1216,3250,5355,9263,3200,7276,6265,3264,3126,3193,71.096,5849,7
Proceeds from property transactions 164,5837,8151,0692,363,6103,3162,252,113,8128,11.598,31.021,51.792,3
Purchase of business net of cash 0,00,00,00,00,00,00,00,00,00,00,00,00,0
Purchase of investment properties 0,00,0-155,610,7-2.547,70,50,0-131,90,00,00,0-2.536,5-131,9
Investment in and upgrades of investment properties -401,5-436,0-296,6-461,9-192,1-215,3-131,7-237,7-217,5-289,8-165,8-1.001,0-910,8
Investment in property and housing-units for sale -27,5-61,9-39,5-55,2-52,0-25,0-100,4-49,9-29,3-0,8-1,9-232,5-81,8
Purchase of intangible and other operating assets -5,7-2,4-0,3-7,1-1,9-4,3-1,9-19,9-4,7-2,2-14,0-15,2-40,8
Net payment financial assets -2,00,00,0-10,00,00,05,0-23,510,00,0-16,0-5,0-29,5
Net payment of loans to associates and JVs 0,0-32,8-7,5-0,50,00,00,00,20,00,062,2-0,562,4
Net payments in associates and JVs -39,6-35,9-78,2-80,6-42,2-50,3-80,2-1.651,6-14,4-17,3-37,1-253,2-1.720,4
Dividends from associates and JVs 0,01,10,00,050,90,00,00,050,60,00,050,950,6
Net cash flow from investment activities -311,9270,0-426,787,6-2.721,2-191,1-147,0-2.062,2-191,3-182,01.425,6-2.971,7-1.009,9
Proceeds interest-bearing debt 2.370,43.380,54.020,53.111,16.331,94.576,43.516,97.997,37.564,92.713,7850,017.536,319.125,9
Repayment interest-bearing debt -2.376,1-3.780,1-3.706,1-3.117,6-3.824,5-4.030,3-3.722,6-6.146,8-7.551,7-2.253,2-2.540,2-14.695,1-18.491,8
Proceeds from/repayment of equity 0,0-1,5-0,20,00,0-1,50,00,0-0,80,00,0-1,5-0,8
Dividends paid 0,0-326,50,0-382,4-19,0-532,20,00,00,0-459,30,0-933,5-459,3
Net cash flow from financing activities -5,7-727,7314,2-388,82.488,412,3-205,71.850,612,41,2-1.690,21.906,2174,0
Change in cash and cash equivalents 94,5-241,3137,954,730,521,9-76,153,885,4-54,4-70,931,013,8
Cash and cash equivalents at beginning of period 139,3380,6242,7188,3157,8135,9212,0158,272,8127,2198,2211,7198,2
Cash and cash equivalents at end of period 233,8139,3380,6243,0188,3157,8135,9212,0158,272,8127,2242,7212,0

About the share

 

 

1

Shareholders

Our top 20 shareholders

 

 

2

Dividend policy

Entra targets a dividend payout ratio of approximately 60 % of Cash Earnings defined as net result from property management less payable tax. 

3

Primary insiders

Entra defines its members of the board of directors and the management team, its auditor, as well as those with main responsibility for accounting, finance and administration in the company as primary insiders.

4

Registrar and auditor

If you have any questions regarding your holding of Entra shares, please contact our registrar:

DNB Bank ASA
Custody service/Issuer service
P.O. 1600 Sentrum
N-0021 Oslo
Phone.: +47 23 26 80 21
E-mail: kua@​dnb.no

Entra is audited by:

Deloitte
Dronning Eufemias gate 14
P.O. 221 Sentrum
N-0103 Oslo
Phone: 23 27 90 00

5

Analysts

CompanyAnalystE-mailPhone
ABG Sundal CollierBengt JonassenBengt Jonassen@abgsc.se+46 8 566 286 21
ArcticAnna-Karin Hempelanna-karin.hempel@​arcticsec.no+47 21 01 32 76
ArcticCarl Henrik Engel Sagstadcarl.sagstad@​arcticsec.no+47 21 01 31 00
CarnegieHans Rettedal Christiansenhr@​carnegie.no+47 22 00 93 21
DNB MarketsSimen F.R. Mortensensimen.mortensen@​dnb.no+47 95 40 81 17
Goldman SachsJulian Livingston-Boothjulian.livingston-booth@​gs.com+44 207 552 2838
HandelsbankenAlbin Sandbergalsa06@​handelsbanken.se+46 8 701 80 16
HandelsbankenMarcela Klangmazi02@​handelsbanken.se+46 8 701 51 18
KempenRobert Woerdemanrobert.woerdeman@​kempen.com+31 20 348 8458
Pareto SecuritiesFredrik Steinslienfs@​paretosec.com+47 48 05 53 23
SEBChristoffer Adamschristoffer.adams@​seb.no+47 21 00 85 14
SwedbankPeter Hermanrudpeter.hermanrud@​swedbank.no+47 23 23 82 53

 

6

Messages

  • All
  • Press releases
  • Stock exchange notices
27.11.2017
New 5-year bond issue
Stock exchange notices
27.11.2017
Repurchase of ENEID64
Stock exchange notices
24.11.2017
Contemplating bond issue
Stock exchange notices
07.11.2017
Issues commercial paper:
Stock exchange notices
02.11.2017
ENTRA RECOGNISED FOR LEADERSHIP ON CLIMATE ACTION
Stock exchange notices
20.10.2017
Entra ASA re-opens commercial paper issue ENTRA23
Stock exchange notices
19.10.2017
Q3-17- Continued value growth
Stock exchange notices
13.10.2017
Invitation to presentation of financial results for Q3 2017
Stock exchange notices
11.10.2017
Issues commercial paper
Stock exchange notices
14.09.2017
Re-opening bond issue
Stock exchange notices
06.09.2017
Issues commercial paper
Stock exchange notices
12.07.2017
Key information relating to the cash dividend by Entra ASA
Stock exchange notices
12.07.2017
Q2/H1 2017 - Strong value and earnings growth. Semi-annual dividend of NOK 2.00 per share
Stock exchange notices
05.07.2017
Invitation to presentation of financial results for Q2/H1 2017  
Stock exchange notices
05.07.2017
Acquisition of Skanska's 50 % share of Sundtkvartalet in Oslo
Stock exchange notices
7

Reports and presentations

Annual and interim reports & presentations

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  • 2001

2017

Q3-2017

  • Interim report
  • Presentation
  • Webcast

Q2-2017

  • Interim report
  • Presentation
  • Webcast

Q1-2017

  • Interim report
  • Presentation
  • Webcast

2016

  • Annual report Entra ASA

Q4-2016

  • Interim report
  • Presentation
  • Webcast

Q3-2016

  • Interim report
  • Presentation
  • Webcast

Q2-2016

  • Interim report
  • Presentation
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Q1-2016

  • Interim report
  • Presentation
  • Webcast

2015

  • Annual report Entra ASA

Q4-2015

  • Interim report
  • Presentation
  • Webcast

Q3-2015

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  • Presentation
  • Webcast

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Q1-2015

  • Interim report
  • Presentation
  • Webcast

2014

  • Annual report Entra ASA
  • Annual report Entra Eiendom AS

Q4-2014

  • Interim report
  • Presentation
  • Webcast

Q3-2014

  • Interim report
  • Presentation
  • Webcast

Q2-2014

  • Half year report

Q1-2014

  • Interim report

2013

  • Annual report

Q4-2013

  • Interim report

Q3-2013

  • Interim report

Q2-2013

  • Half year report

Q1-2013

  • Interim report

2012

  • Annual report

Q4-2012

  • Interim report

Q3-2012

  • Interim report

Q2-2012

  • Half year report

Q1-2012

  • Interim report

2011

  • Annual report

Q4-2011

  • Interim report

Q3-2011

  • Interim report

Q2-2011

  • Half year report

Q1-2011

  • Interim report

2010

  • Annual report

Q4-2010

  • Interim report

Q3-2010

  • Interim report

Q2-2010

  • Half year report

Q1-2010

  • Interim report

2009

  • Annual report

Q4-2009

  • Interim report

Q3-2009

  • Interim report

Q2-2009

  • Half year report

Q1-2009

  • Interim report

2008

  • Annual report

Q4-2008

  • Interim report

Q3-2008

  • Interim report

Q2-2008

  • Half year report

Q1-2008

  • Interim report

2007

  • Annual report

Q4-2007

  • Interim report

Q3-2007

  • Interim report

Q2-2007

  • Half year report

Q1-2007

  • Interim report

2006

  • Annual report

Q3-2006

  • Interim report

Q2-2006

  • Half year report

2005

  • Annual report

Q4-2005

  • Interim report

Q3-2005

  • Interim report

Q2-2005

  • Half year report

Q1-2005

  • Interim report

2004

  • Annual report

Q4-2004

  • Interim report

Q3-2004

  • Interim report

Q2-2004

  • Half year report

Q1-2004

  • Interim report

2003

  • Annual report

2002

  • Annual report

2001

  • Annual report

Other presentations/documents

  • All
  • Quarterly reports
  • Annual reports
  • Stock market announcements
  • Press releases
  • Other Presentations
  • 2016
  • 2015
  • 2014

2016

  • Green Bond Report 2016
  • Green Bond Investor Presentation

2015

  • Swedbank property seminar, June 2015
  • Kempen investor conference, June 2015
  • IPO presentation Eiendomsdagene 2015

2014

  • IPO prospectus 201
8

Financing

Entra is a major issuer of bonds and commercial paper in the Norwegian market. Below is a list of outstanding issues.

The group’s nominal interest-bearing debt as at 30.09.2017 was NOK 17 611 million

Composition of interest-bearing debt as of 30.09.2017

Bonds (64 %)Bank (20 %)Commercial paper (16 %)

Below is a list of outstanding issues listed on the Oslo Stock Exchange.

Bond issues

Documentation for outstanding issues

Green Bond 2017–2024 ISIN NO 0010789464

 

Green Bond Issue 2016–2023 ISIN NO 0010774797

 

Bond Issue  2016–2023 ISIN NO 0010766389

 

Bond Issue 2016–2021 ISIN NO 0010766363

 

Bond Issue 2015–2022 ISIN NO 0010740061

 

Bond Issue 2014–2019 ISIN NO 0010715931


Bond Issue 2013–2020 ISIN NO 0010686660


Bond Issue 2013–2023 ISIN NO 0010670995


Bond Issue 2013-2018 ISIN NO 0010673700


Bond Issue 2012/2017 ISIN NO 0010641806


Bond Issue 2012/2015 ISIN NO 0010662869


Bond Issue 2010/2017 ISIN NO 0010592363


Bond Issue 2009/2014 ISIN NO 0010552441


Bond Issue 2009/2014 ISIN NO 0010552458


Bond Issue 2009/2019 ISIN NO 0010552466

 

Commercial paper issues

 

9

Corporate Governance

Entra’s board has approved guidelines for good corporate governance in accordance with the Norwegian Code of Practice for Corporate Governance issued by the Norwegian Corporate Governance Board (NUES)

The following elements are central in these guidelines:

  • Entra shall maintain open, reliable and relevant communication with the outside world about the company's business and matters related to corporate governance.
  • Entra shall have a board that is independent of the group’s management.
  • Emphasis shall be placed on avoiding as far as possible conflicts of interest between shareholders, the board and management.
  • Entra shall have a clear division of work between the board and management.
  • Equal treatment of shareholders.

Articles of Association
Corporate Governance Guidelines

IR policy
 

10

General meeting

The board shall arrange for as many shareholders as possible to be able to exercise their rights to participate in the company's general meeting, and for the general meeting to be an effective meeting place for shareholders and the board, through, among other things, ensuring that:

  • the notice and agenda documents for the general meeting, including the election committee's recommendations, are published on the company's website at the latest 21 days before the general meeting is to be held.
  • agenda documents are sufficiently detailed for shareholders to be able to take a position on all matters that are to be considered.
  • the deadline for notice of attendance is to be set as close to the meeting as practically possible and in accordance with the provisions in the Articles of Association.
  • the board and the person chairing the meeting shall ensure that the general meeting is able to vote on each of the candidates for appointment to the company's governing bodies.
  • the board, election committee and auditor attend the general meeting.
  • routines are in place to ensure that the person chairing the general meeting is independent.

 

General meeting 2017

The Annual General Meeting in Entra ASA will be held on 27 April 2017 at 10:00 am in the companys offices in Biskop Gunnerus' gate 14  (9th floor)

Notice of Annual General Meeting in Entra ASA

Minutes of the Annual General Meeting of Entra ASA

Notice of attendance

The Nomination Committee’s recommendation

Long term incentive stock plan for senior management

Share savings plan for employees in Entra

 

General meeting 2016

Annual general meeting in Entra ASA was held 28. April 2016

Notice of Annual General Meeting in Entra ASA

Minutes of the Annual General Meeting of Entra ASA
 

General meeting 2015

Annual general meeting in Entra ASA was held 29. April 2015

Notice of Annual General Meeting in Entra ASA

Minutes of the Annual General Meeting of Entra ASA

11

Committees

Nomination committee

According to Entra’s articles of association the company shall have a nomination committee composed of up to five members. The members of the nomination committee, including the chair of the nomination committee, are elected by the general meeting for a period of up to two years. The nomination committee shall give its recommendation to the general meeting regarding election of shareholder-elected members to the board of directors and members of the nomination committee, as well as remuneration to members of the board of directors and the nomination committee.

Members of the nomination committee:

John Giverholt (chairman) 
Hege Sjo
Rolf Roverud

Contact the nomination committee

Letter from the nomination committee

Audit committee

The audit committee shall act as a preparatory body and support the board in the exercise of its responsibility relating to financial reporting, auditing, internal controls, compliance with ethical guidelines and overall risk management.

Members of the audit committee:

Widar Salbuvik
​Katarina Staaf

Remuneration committee

The purpose of the remuneration committee is to act as a preparatory body for the board’s consideration of compensation issues.

Members of the remuneration committee:

Siri Hatlen (chairman)
Kjell Bjorland