Trainer's House Oyj - Decisions of general meeting

TRAINERS' HOUSE PLC - DECISIONS OF THE ANNUAL GENERAL MEETING

Espoo, 2015-03-25 13:45 CET (GLOBE NEWSWIRE) -- TRAINERS´ HOUSE PLC, STOCK
EXCHANGE RELEASE, 25 MARCH 2015 AT 14:45 

The Annual General Meeting of Trainers' House Plc was held on 25 March 2015 in
Espoo. 

The Annual General Meeting decided in accordance with the proposal of the Board
of Directors that no dividends shall be paid from the fiscal year 2014 and that
the loss of the fiscal year shown by the parent company will be transferred to
the company's profit and loss account. 

The Meeting approved the financial statements and the consolidated financial
statements for the fiscal year 1.1.2014-31.12.2014. The Meeting discharged the
Board of Directors and the CEO from liability for the fiscal year
1.1.2014-31.12.2014. 

The Annual General Meeting decided that the number of members of the company's
Board of Directors is three. Mr. Aarne Aktan, Mr. Jarmo Hyökyvaara and Mr. Jari
Sarasvuo were re-elected members of the Board of Directors. At its assembly
meeting convened after the Annual General Meeting the Board of Directors
elected Mr. Aarne Aktan as the Chairman of the Board. 

The General Annual Meeting decided that the remuneration to the Chairman shall
be EUR 3500 per month and to the other members of the Board EUR 1500 per month. 

Authorized Public Accountant firm Ernst & Young Oy was elected auditor. The
remuneration to the auditor shall be paid against the auditor's reasonable
invoice. 

The Annual General Meeting decided in accordance with the proposal of the Board
of Directors that the company will continue the corporate restructuring
proceedings and other measures already started, through which the financial
position of the company could be remedied. 


TRAINERS' HOUSE PLC
Arto Heimonen
CEO

FURTHER INFORMATION
Arto Heimonen, CEO, +358 (0)40 412 3456


DISTRIBUTION:
NASDAQ OMX Helsinki
Prominent media sources
www.trainershouse.fi - Investors

Attachments:

Porssitiedote 25.3.2015 ENG.pdf