Articles of Association for Heimdall Power AS

Reg. no. 916 531 710
As of 30 March 2021

§1 – Company name

The Company’s name is Heimdall Power AS.

§ 2 – Registered offices

The Company’s business office shall be in the municipality of Sandnes.

§ 3 – The object of the Company

Development of products and services related to the energy industry with associated production, global marketing and sales of these, as well as ownership and investment in other businesses.

§ 4 – Share capital

The company’s share capital is NOK 6,483,022.20 divided in 21,610,074 shares, each with a nominal value of NOK 0.3.

The Company’s shares shall be registered in a securities register (the Norwegian Central Securities Depository (VPS)).

The Company’s shares shall be freely transferable.

 

§ 5 – Board of directors

The Company’s board of directors shall consist of four to six members, according to the decision of the general meeting.

§ 6 – Signatory rights

The chairman of the board of directors and one member of the board of directors collectively have the right to sign on behalf of the Company. The board of directors may issue a power of attorney.

§ 7 – General meeting

Documents concerning matters to be considered at the Company’s general meeting, including documents which by law must be included in or enclosed with the notice of the general meeting, need not be sent to shareholders if the documents are made available on the Company’s website. Notwithstanding the foregoing, a shareholder may request a copy of documents which concern matters to be considered at the general meeting.

The annual general meeting shall deal with and decide the following matters:

  1. Approval of the annual accounts and the annual report, including distribution of dividends; and
  2. Other matters which are required by law or the articles of association to be dealt with by the general meeting.

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Engaging with our Vendor Partners and Suppliers

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Heimdall Code of Conduct

The Supplier is to hold and maintain at all times the Heimdall Code of Conduct addressing human rights, worker rights, the environment and corruption.

The Supplier must acknowledge HP’s Code of Conduct in all new contractual arrangements. The Supplier must do this by signing the HP Compliance Letter (exhibit).

The Supplier is obligated to communicate the contents of Compliance Letter (Exhibit) to related entities and subcontractors who support the Supplier in supplying goods, works or services on behalf of HP. This will ensure that subcontractors conduct their business in accordance with the Code of Conduct.

If requested by HP, the Supplier must provide evidence and confirmation of its compliance with the Compliance Letter (Exhibit), including by providing documents and records in support of its compliance.