Mergers and amendments to statutes
On Thursday 22 October a unitholder meeting was held in connection with
the planned mergers and amendments to the statutes in some of ODIN’s
funds.
The unitholder meeting was held in connection with the planned mergers
between ODIN Norge/ODIN Norge II, ODIN Finland/ODIN Finland II, ODIN
Europa/ODIN Europa II, ODIN Offshore/ODIN Maritim and ODIN
Eiendom/ODIN Eiendom I.
Additionally, amendments to the statutes of ODIN Norge, ODIN Finland,
ODIN Europa, ODIN Offshore, ODIN Eiendom, ODIN Sverige and ODIN
Kreditt have also been proposed.
Mergers and amendments are adopted if a majority of at least 75 per cent of
the votes cast is obtained.
Essentially, the amendments to the statutes concern changing them to the
new, recommended statutes following the introduction of the new
Securities Funds Act. At the same time, share classes are being introduced
in the funds so that the extent of the management fee will subsequently be
dependent on the sum invested. In addition, the statutes are being changed
so that in future it will be possible for the funds to lend financial
instruments with the board’s approval. All income from such lending shall
accrue to the fund.
The Financial Supervisory Authority of Norway must consent to the
amendments to the statues after the unitholders have voted in favour of
them. Therefore, the amendments shall not enter into effect before they
have been approved by the Financial Supervisory Authority of Norway.
ODIN Forvaltning envisages that the proposed amendments enter into
effect on 30 November 2015. However, the actual date will depend on how
long it takes the Financial Supervisory Authority of Norway to complete its
procedures.
Voting results:
Merger between ODIN Norge and ODIN Norge II
Today’s unitholder meeting has approved the merger by a large majority.
ODIN Norge
Total number of units in the fund: 2,076,780.1344
Number of votes received: 362,626.5204
Number of votes IN FAVOUR of the merger: 360,491.9081
Number of votes AGAINST the merger: 2,134.6123
The merger was approved with 99.41 per cent of the vote.
ODIN Norge II
Total number of units in the fund: 492,232.9292
Number of votes received: 210,911.7632
Number of votes IN FAVOUR of the merger:
Number of votes AGAINST the merger: 0
210,911.7632
The merger was approved with 100 per cent of the vote.
Merger date has been set for 30 November 2015.
Amendments to the statutes of ODIN Norge
Today’s unitholder meeting has approved the amendments to the statutes
of ODIN Norge by a large majority.
Number of votes received: 360,674.1555
Number of votes IN FAVOUR of amendments to the statutes: 358,495.7087
Number of votes AGAINST amendments to the statutes: 2,178.4468
The amendments to the statutes were approved with 99.40 per cent of the
vote.
Merger between ODIN Finland and ODIN Finland II
Today’s unitholder meeting has approved the merger by a large majority.
ODIN Finland
Total number of units in the fund: 306,005.6265
Number of votes received: 47,385.5196
Number of votes IN FAVOUR of the merger: 46,867.1213
Number of votes AGAINST the merger: 518.3983
The merger was approved with 98.91 per cent of the vote.
Merger date has been set for 30 November 2015.
ODIN Finland II
Total number of units in the fund: 246,736.7989
Number of votes received: 246,736.7989
Number of votes IN FAVOUR of the merger: 246,736.7989
Number of votes AGAINST the merger: 0
The merger was approved with 100 per cent of the vote.
Merger date has been set for 30 November 2015.
Amendments to the statutes of ODIN Finland
Today’s unitholder meeting has approved the amendments to the statutes
of ODIN Finland by a large majority.
Number of votes received: 47,219.7520
Number of votes IN FAVOUR of amendments to the statutes: 46,717.3584
Number of votes AGAINST amendments to the statutes: 502.3936
The amendments to the statutes were approved with 98.94 per cent of the
vote.
Merger between ODIN Europa and ODIN Europa I
Today’s unitholder meeting has approved the merger by a large majority.
ODIN Europa
Total number of units in the fund: 31,444,313.7051
Number of votes received: 7,477,458.0051
Number of votes IN FAVOUR of the merger: 7,448,120.3002
Number of votes AGAINST the merger: 29,337.7049
The merger was approved with 99.61 per cent of the vote.
ODIN Europa II
Total number of units in the fund: 2,598,510.1159
Number of votes received: 684,824.9609
Number of votes IN FAVOUR of the merger: 684,824.9609
Number of votes AGAINST the merger: 0
The merger was approved with 100 per cent of the vote.
Merger date has been set for 30 November 2015.
Amendments to the statutes of ODIN Europa
Today’s unitholder meeting has approved the amendments to the statutes
of ODIN Europa by a large majority.
Number of votes received: 7,455,676.7739
Number of votes IN FAVOUR of amendments to the
statutes: 7,426,383.6156
Number of votes AGAINST amendments to the statutes: 29,293.1583
The amendments to the statutes were approved with 99.61 per cent of the
vote.
Merger between ODIN Eiendom and ODIN Eiendom I
Today’s unitholder meeting has approved the merger by a large majority.
ODIN Eiendom
Total number of units in the fund: 684,022.6273
Number of votes received: 26,824.7038
Number of votes IN FAVOUR of the merger: 25,280.0063
Number of votes AGAINST the merger: 1,544.6975
The merger was approved with 94.24 per cent of the vote.
ODIN Eiendom I
Total number of units in the fund: 2,598,510.1159
Number of votes received: 70,494.5558
Number of votes IN FAVOUR of the merger: 55,722.7031
Number of votes AGAINST the merger: 14,771.8527
The merger was approved with 79.05 per cent of the vote.
Merger date has been set for 30 November 2015.
Amendments to the statutes of ODIN Eiendom
Today’s unitholder meeting has approved the amendments to the statutes
of ODIN Eiendom by a large majority.
Number of votes received: 26,824.7038
Number of votes IN FAVOUR of amendments to the statutes: 25,280.0063
Number of votes AGAINST amendments to the statutes: 1,544.6975
The amendments to the statutes were approved with 94.24 per cent of the
vote.
Merger between ODIN Offshore and ODIN Maritim
Today’s unitholder meeting has approved the merger by a large majority.
ODIN Offshore
Total number of units in the fund: 6,380,970.5692
Number of votes received: 497,459.4421
Number of votes IN FAVOUR of the merger: 492,837.6740
Number of votes AGAINST the merger: 4,621.7681
The merger was approved with 99.07 per cent of the vote.
ODIN Maritim
Total number of units in the fund: 714,202.2702
Number of votes received: 56,923.5621
Number of votes IN FAVOUR of the merger: 52,959.4010
Number of votes AGAINST the merger: 3,964.1611
The merger was approved with 93.04 per cent of the vote.
Merger date has been set for 30 November 2015.
Amendments to the statutes of ODIN Offshore
Today’s unitholder meeting has approved the amendments to the statutes
of ODIN Offshore by a large majority.
Number of votes received: 498,234.6943
Number of votes IN FAVOUR of amendments to the statutes: 493,351.5244
Number of votes AGAINST amendments to the statutes: 4,883.1699
The amendments to the statutes were approved with 99.02 per cent of the
vote.
Amendments to the statutes of ODIN Sverige
Today’s unitholder meeting has approved the amendments to the statutes
of ODIN Sverige by a large majority.
Total number of units in the fund: 1,123,467.6968
Number of votes received: 35,024.3785
Number of votes IN FAVOUR of amendments to the statutes: 33,346.4321
Number of votes AGAINST amendments to the statutes: 1,677.9464
The amendments to the statutes were approved with 95.21 per cent of the
vote.
Amendments to the statutes of ODIN Kreditt
Today’s unitholder meeting has approved the amendments to the statutes
of ODIN Kreditt by a large majority.
Total number of units in the fund: 11,913,848.9172
Number of votes received: 6,204,442.1267
Number of votes IN FAVOUR of amendments to the
statutes: 6,192,196.5453
Number of votes AGAINST amendments to the statutes: 12,245.5814
The amendments to the statutes were approved with 99.80 per cent of the
vote.