Cencorp - Decisions of general meeting

DECISIONS AT CENCORP'S ANNUAL GENERAL MEETING AND ORGANIZING OF THE BOARD OF DIRECTORS

Cencorp Corporation                Stock Exchange Release   29 April 2013 at
12.35 Finnish Time 



DECISIONS AT CENCORP'S ANNUAL GENERAL MEETING AND ORGANIZING OF THE BOARD OF
DIRECTORS 

Cencorp Corporation's Annual General Meeting was held on 29 April 2013 in
Mikkeli, Finland. The AGM approved the 2012 financial statements and discharged
the members of the Board and the President and CEO from liability for the
financial year 2012. According to the Board' proposal, it was decided that no
dividend for the financial year 2012 will be distributed. It was also decided
that the loss for the financial period that ended on 31 December 2012 will be
entered in retained earnings. 



Mrs Marjukka Karttunen (born 1967) was elected as a new member of the Board of
Directors of Cencorp Corporation. Karttunen in an entrepreneur operating in the
field of public relations and lobbying. Previously she was a Member of
Parliament of Finland for eight years in the National Coalition Party's
parliamentary group and acted as CEO of the Central Association of Women
Entrepreneurs in Finland. Marjukka Karttunen is Chairman of the Board of Port
of Turku and a Board Member of TVT Asunnot Oy. Industrial counsellor Hannu
Savisalo and Iikka Savisalo continue as old Board members in the Cencorp
Corporation's Board of Directors. 



At its organizing meeting following the AGM, Cencorp's Board of Directors
elected Hannu Savisalo as the Chairman and Marjukka Karttunen as the Vice
Chairman of the Board. The Board of Directors decided, due to the scope of the
company's business, that it is not necessary to establish any separate Board
committees. 



The AGM decided that an annual remuneration of EUR 40,000 will be paid to the
Chairman and to the Vice Chairman of the Board, and EUR 30,000 to the members
of the Board of Directors. 



Ernst & Young Oy, Authorized Public Accounting Firm, continues as the Company
auditor and Mikko Rytilahti, APA, as the responsible auditor. 



In Mikkeli, on 29 April, 2013



CENCORP CORPORATION



THE BOARD OF DIRECTORS





For more information:

Iikka Savisalo, President and CEO, tel. +358 40 521 6082,

iikka.savisalo@cencorp.com





Distribution:

NASDAQ OMX, Helsinki

Main media

www.cencorp.com



Cencorp Corporation is a leading provider of industrial automation solutions.
The equipment included in the product portfolio designed for depaneling,
odd-form assembly, testing and laser materials processing substantially
improves the efficiency of customers' production. The product range also
includes EMI shielding solutions, RFID antennas, other flexible circuits
including for example conductive back sheets used in photovoltaic modules and
mobile phone antennas. Cencorp's customers are manufacturers of automotive
electronics, mobile phone antennas and photovoltaic modules as well as
manufacturers operating in telecommunications and in industrial automation.
Cencorp's head office is located in Mikkeli, Finland. The company is part of
the Finnish Savcor Group.