Latest News

Bukaleba carbon credits for sale; Green investment in Uganda

Green Resources invested 700 million NOK in forestry in Africa, Aftenposten 3 Dec 2012

Call to tender for Environmental Impact Assessment study in Mozambique

Green Resources' extensive plantation assessments and audits

Press release- New Sawmill at Sao Hill Industries, Tanzania.

Sao Hill Industry's new Sawmill

Green Resources Completion of Rights Issue February 2012

IFC Guidelines

Stakeholder Engagement
Standard & Guidance

Green Resources' Shares

Green Resources AS is a Limited Company registered in Norway with organisation number 975 879 968. It was established on 26 August 1995 and registered on 23 November 1995.

SHARE CAPITAL

The Company’s issued share capital on 30 June 2009 was NOK 140,925,890 divided in 28,185,178 freely transferable shares of NOK 5 each, all of which are fully paid. The shares have been issued according to Norwegian law.

SHARE REGISTRATION

The shares are registered under VPS, the Norwegian electronic share register, under the International Securities Identification Number (ISIN) NO 000 3100208. The registrar for the shares is DnB NOR ASA.

SHARE ISSUES

The shareholders have contributed NOK 354m in new equity (including a convertible bond) to the Company from 1995 to the end of 2008, during a number of share issues. The company has raised new equity as the company has required new capital. During 2008, Green Resources issued 2,900,000 new shares.

OUTSTANDING SHARE OPTIONS AND CONVERTIBLE LOANS

There is a convertible loan of NOK 67.51 mn that can be converted into 2,045,758 shares at a price of NOK 33 per share from 1 December 2009 to 30 November 2010. Green Resources has the right to convert the loan into shares from 1 December 2009. There is an option program for the CEO, such that he has the right to purchase 150,000 shares at NOK 33 per share before 1 July 2012 upon completion of his services for 2009, 2010 and 2011, respectively.

AUTHORISATION TO ISSUE SHARES

The 2007 AGM gave the Board the right to issue 500,000 new shares with a nominal value of NOK 5 per share for a period of one year following the AGM.

AUTHORISATION TO PURCHASE SHARES

The BoD has the right to purchase 10% of the Company’s shares at a minimum price of NOK 10 and maximum NOK 50 per share.

SHAREHOLDER POLICY

Tree planting is a long term undertaking and the Company’s strategy has been to provide maximum long term return for the shareholders. The Company has not encouraged liquidity in its shares. However, it is Green Resources long term objective to become a publicly listed company.

DIVIDEND POLICY

Green Resources is not paying a dividend. The company has significant investment opportunities, which are believed to generate high returns and the Company does not expect to pay a dividend for several years.