Salcomp Oyj
DECISIONS AT SALCOMP’S ANNUAL GENERAL MEETING 2011
Salcomp Oyj 24.03.2011 15:20 --------------------------------------------------------------------------- Salo, Finland, 2011-03-24 15:20 CET (GLOBE NEWSWIRE) -- Salcomp Plc Stock Exchange Release 24 March 2011 at 16:20 Finnish time Salcomp Plc's Annual General Meeting was held on 24 March 2011 in Helsinki. The AGM approved the 2010 financial statements and discharged the members of the Board and the President and CEO from liability for the financial year. The AGM decided that no dividend for 2010 will be paid. The AGM decided that the number of the members of the Board of Directors remains at five and the Board composition unchanged. The AGM elected Carl Engström, Mats Heiman, Petri Kähkönen, Jukka Rinnevaara and Kari Vuorialho as members of the Board of Directors until the conclusion of the 2012 Annual General Meeting. The AGM appointed Carl Engström as the Chairman and Kari Vuorialho as Vice Chairman. The AGM decided to leave the remuneration for the Board of Directors unchanged: the remuneration for a full term will be EUR 40,000 for the Chairman, EUR 32,000 for the Vice Chairman and EUR 25,000 for the members. At its organizing meeting following the AGM, Salcomp's Board of Directors concluded due to the Company's size and composition of the Board of Directors, that it is not necessary to establish any separate Board committees. The Board of Directors further stated that all Board members are independent of the Company, and Petri Kähkönen, Jukka Rinnevaara and Kari Vuorialho are also independent of the Company's significant shareholders. KPMG Oy Ab, Authorized Public Accounting Firm, continues as the Company auditor and Pauli Salminen, APA, as the responsible auditor. The AGM authorized the Board of Directors to decide on issuance of no more than 11.8 million new shares or own shares held by the Company. Furthermore, the AGM decided to authorize the Board of Directors to repurchase no more than 3.8 million of the Company's own shares. A total of 16 shareholders were present at the AGM, either in person or represented by proxy, representing 35,675,973 shares, or 91.4 per cent of the total number of shares in the Company. SALCOMP PLC Markku Hangasjärvi President and CEO Tel. +358 40 7310 114 Distribution: NASDAQ OMX, Helsinki The main media www.salcomp.com Markku Hangasjärvi, President and CEO, Tel. +358 40 7310 114 News Source: NASDAQ OMX 24.03.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Salcomp Oyj Finland Phone: Fax: E-mail: Internet: ISIN: FI0009013924 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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