Articles of association for TANDBERG STORAGE ASA
§ 1
The company
The name of the company is Tandberg Storage ASA. The company is a public limited company.
§ 2
Location
The registered office of the company is in the City of Oslo, Norway
§ 3
The company`s business
The company's business is to develop, produce, market and sell new generations of cost competitive tape drives conforming to accepted market standards, and to run or be an interested party in enterprises associated with or which could be assumed to support the company`s other activities.
§ 4
Share capital and shares
The share capital of the company is NOK 62.398.990,92 divided into 74.284.513 shares of NOK 0,84 each, fully paid.
§ 5
Board of the company and signature
The Board of the company shall have at least 3 and no more than 7 members.
The Chairman of the Board alone, or two of the board members together, are authorised to sign documents jointly on behalf of the company.
§ 6
The General meeting
The following issues shall be discussed and decided at the ordinary general meeting:
1. Approval of the annual accounts and balance sheet, including the allocation of annual results
2. Appoint Board members and Advisor (if these are elected); and
3. Any other matters mentioned in the notice to attend the meeting and/or which fall under the business of the general meeting in accordance with statutory requirements or regulations.
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