Rapala VMC - Decisions of general meeting

DECISIONS OF RAPALA VMC CORPORATION'S ANNUAL GENERAL MEETING ON MARCH 30, 2017

Rapala VMC Corporation
Stock Exchange Release
March 30, 2017 at 4:00 p.m.

DECISIONS OF RAPALA VMC CORPORATION'S ANNUAL GENERAL MEETING ON MARCH 30, 2017

The Annual General Meeting (AGM) of Rapala VMC Corporation adopted the financial
statement  of the financial year 2016 and discharged the members of the Board of
Directors  and the CEO from  the liability for the  financial year that ended on
December 31, 2016.



The  AGM approved the Board of Director's  proposal that a dividend of EUR 0.10
per share is paid. The dividend will be paid in two instalments, 0.05 euro each.
The  first instalment share will be paid  on April 10, 2017 to a shareholder who
is  registered  in  the  shareholders'  register  of  the  company maintained by
Euroclear  Finland Ltd  on the  dividend record  date April 3, 2017.  The second
instalment  will be paid in November 2017 to  a shareholder who is registered in
the shareholders' register of the company maintained by Euroclear Finland Ltd on
the  dividend record date.  The Board of Directors will in its meeting scheduled
for  October 26, 2017 decide on  the dividend record  date and the payment date.
The  dividend  record  date  for  the  second  instalment  would then be October
30, 2017 and the dividend payment date November 6, 2017.



The  AGM approved  that the  Board of  Directors consists  of six members. Jorma
Kasslin,  Eero Makkonen, Marc  Speeckaert, Emmanuel Viellard  and Julia Aubertin
were  re-elected as members  and Louis Audemard  d'Alançon was elected  as a new
board  member. The AGM resolved that the annual fee paid to each Board member is
EUR  30 000 and EUR 80 000 to the Chairman of  the Board. Board members are paid
EUR 1 000 per meeting for attendance at board and its committee meetings.  Board
members'  remuneration will not be paid to  Board members who have an employment
or service contract with the company.



Ernst & Young Oy, corporation of Authorized Public Accountants, was appointed as
Rapala VMC Corporation's auditor.



In  accordance with  the Board  of Directors'  proposal, the  AGM authorized the
Board of Directors to resolve to repurchase a maximum of 2 000 000 own shares by
using  funds in the  unrestricted equity. The  proposed maximum amount of shares
corresponds  to approximately  5.1 per cent  of all  shares in  the company. The
shares  may  be  repurchased  to  develop  the  company's  capital structure. In
addition,  the  shares  may  be  repurchased  to  finance  or carry out business
acquisitions  or  other  arrangements,  to  settle  the  company's  equity-based
incentive  plans, to be transferred for other  purposes, or to be cancelled. The
shares may be repurchased in deviation from the proportion of the shares held by
the shareholders. The shares will be repurchased through public trading arranged
by  NASDAQ Helsinki Oy at  the market price of  the acquisition date. The shares
will  be acquired and paid  in pursuance of the  rules of NASDAQ Helsinki Oy and
applicable  rules regarding the  payment period and  other terms of the payment.
The  authorization is in force until the end of the next Annual General Meeting,
however, no longer than until June 30, 2018.



The  AGM rejected the proposal to authorize  the Board of Directors to decide on
the  issuance of shares and special rights  entitling to shares as defined in §1
of Chapter 10 of the Companies Act.



The  AGM approved the proposal to amend article 8 of the articles of association
(auditor).



The  Board of  Directors of  Rapala VMC  Corporation has  March 30, 2017 elected
Jorma Kasslin as the Chairman of the Board of Directors.





RAPALA VMC CORPORATION



Jussi Ristimäki

Chief Executive Officer





For further information, please contact:

Olli Aho, Company Counsel, tel. +358 9 7562 540



Distribution: Nasdaq Helsinki and main media



Rapala VMC Corporation ("the Group") is a leading fishing tackle company and the
global  market leader in fishing lures,  treble hooks and fishing related knives
and  tools.  The  Group  also  has  a  strong  global  position in other fishing
categories  and it is  one of the  leading distributors of  outdoor, hunting and
winter  sport  products  in  the  Nordic  countries.  The  Group has the largest
distribution  network  in  the  industry.  The main manufacturing facilities are
located  in Finland,  France, Estonia,  Russia, Indonesia  and the UK. The Group
brand  portfolio includes the  leading brand in  the industry, Rapala, and other
global  brands  like  VMC,  Sufix,  Storm,  Blue  Fox,  Luhr Jensen, Williamson,
Dynamite  Baits, Mora Ice, StrikeMaster, Marttiini and Peltonen. The Group, with
net sales of EUR 261 million in 2016, employs some 2 800 people in 40 countries.
Rapala VMC Corporation's share is listed and traded on the Nasdaq Helsinki stock
exchange since 1998.




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Attachments:

Rapala VMC Corp. Stock Exchange Release.pdf