In the event of a takeover bid, the Board of Visma’s primary responsibility is to maximise the return on investment for all shareholders. The Board of Visma is committed to equal treatment of shareholders and will ensure openness in respect of any takeover of the company. The Board has, however, not drawn up formal guidelines for its conduct in the event that a bid is made for the company. In case of a transaction agreement with an offeror the normal procedure will be not to include exclusive agreements hindering alternative offers, or compensation exceeding direct costs in case of non-completion of the agreement, often referred to as “poison pills”.