Friday, April 1, 2016
The Annual General Meeting elected the Board of Directors for the next term of office ending at the Annual General Meeting in 2017. Mr. Erkki Pehu-Lehtonen was elected Chairman of the Board of Directors, Mr. Mika Mustakallio was elected Vice-Chairman of the Board of Directors and Mr. Joni Bask, Ms. Päivi Leiwo, Mr. Pekka Suominen and Mr. Patrick von Essen were elected members of the Board of Directors.
The Annual General Meeting elected authorized public accounting company Pricewaterhouse Coopers Oy as auditors with Mr. Markku Launis (Authorized Public Accountant) as the principal auditor.
The Annual General Meeting decided that the remuneration to the Chairman of the Board continues to be 40,000 euros and to the Vice-Chairman of the Board and Board members 20,000 euros for the term of office. The Board members’ traveling expenses will be compensated according to the company’s travel policy. The compensation to the company’s auditors will be paid on the basis of reasonable invoicing approved by the company.
The Annual General Meeting decided authorize the Board to decide on an issue of Raute Corporation’s series A shares, as well as on all of the related conditions, including the recipients and the sum of consideration to be paid.
The Board of Directors may decide to issue either new shares or company shares held by Raute. The maximum number of shares issued is 400,000 series A shares.
The authorization includes the right to deviate from the shareholders’ pre-emptive rights, provided that the Company has a weighty financial reason to do so. A targeted issue may be free only if a weighty financial reason exists in terms of the company while also taking into account the interests of all of the shareholders. As proposed, the authorization can be used, with the restrictions presented above, to fund or carry out acquisitions or other arrangements or for other purposes decided by the Board of Directors.
The authorization is effective until the end of the next Annual General Meeting.
Tags: annual general meeting, Erkki Pehu-Lehtonen, Joni Bask, Mika Mustakallio, Päivi Leiwo, Pekka Suominen, Raute
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