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It is the company’s policy to treat all shareholders equally.
Veidekke’s main shareholder is OBOS Forretningsbygg AS, with an ownership share of 28.0 percent. There are rules regarding competence which ensure that resolutions do not favour the main shareholder in any contexts. OBOS is a major property developer and in recent years, Veidekke and OBOS have worked together on the development of a number of property projects. In order to ensure that all conditions and agreements are handled on commercial terms, it has been the practice of the two parties, Veidekke and OBOS, to set up a company of which they own 50 percent each. Development and sales are carried out by this company. This also helps ensure that the main shareholder does not gain an unfair advantage at the expense of other shareholders.
If significant transactions are carried out with major shareholders over and above ordinary commercial contracts, independent consultants are engaged to ensure a correct valuation.
Existing shareholders have pre-emptive rights in the event of capital increases.
Employees as owners
Veidekke differs from other listed companies in its high number of employee owners. Veidekke regards the involvement of its employees as shareholders as an important and positive element in the development of the company. The company's aim is for at least half of its employees to hold shares in the company, totalling 15 percent of the shares. It also wishes each of its senior executives (just under 600 people) to hold a significant number of shares in the company. This group has compiled a stake of 13.5 percent.
The company has strict insider trading rules and trade restrictions. See "Shareholder Information" for further information.