The Financial Supervisory Authority of Norway’s permission to implement the amendments to the articles of association was granted with a dispensation from the requirement to hold special unitholders’ meetings.
The amendments to the articles of association entail a reduction in the maximum rates ODIN can charge for subscriptions to, and the redemption of, fund units. The new maximum subscription fee is 0.25 per cent of the subscription sum, compared with the previous 3.0 per cent. The new maximum redemption fee is 0.25 per cent of the redemption sum, compared with the previous 0.5 per cent.
ODIN currently charges neither subscription nor redemption fees and has no plans to introduce these. The amendments to the articles of association therefore have no practical consequences for unitholders.
The amendments to the articles of association enter into force on 16 June 2016.
Should you require more information, please contact ODIN’s customer service on +47 24 00 48 04 or via email at email@example.com.