Efore - Notice to convene extr.general meeting

NOTICE OF EXTRAORDINARY GENERAL MEETING

Espoo, Finland, 2013-11-11 08:00 CET (GLOBE NEWSWIRE) -- Efore Plc       Stock
Exchange Release   November 11, 2013  at 9.00 a.m. 


Notice is given to the shareholders of Efore Plc of the Extraordinary General
Meeting to be held on Tuesday, 3 December 2013 at 6 p.m. at Radisson Blu Royal
Hotel, address Runeberginkatu 2, Helsinki. Registration of shareholders who
have registered for the meeting will commence at 5.30 p.m. 

MATTERS ON THE AGENDA OF THE EXTRAORDINARY GENERAL MEETING

At the General Meeting, the following matters will be considered:

1. Opening of the meeting

2. Calling the meeting to order

3. Election of persons to scrutinize the minutes and to supervise the counting
of votes 

4. Recording the legality of the meeting

5. Recording attendance at the meeting and adoption of the list of votes

6. Review by the CEO

7. Resolution on the number of members of the Board of Directors

Sievi Capital Oyj, a shareholder that owns over 10 per cent of the shares of
the Company, proposes to the Extraordinary General Meeting that the number of
Board members be set at five (5). The current number of Board members is seven
(7). 

8. Election of the members of the Board of Directors

Sievi Capital Oyj, a shareholder that owns more than 10 per cent of the shares
of the Company, proposes to the Extraordinary General Meeting that Mr Jarkko
Takanen be elected as a new member of the Board of Directors for the period
beginning at the end of the Extraordinary General Meeting and ending at the end
of the Annual General Meeting in 2014 and that Mr Francesco Casoli, Mr Olli
Heikkilä, Ms Päivi Marttila and Ms Marjo Miettinen continue as members of the
Board of Directors. 

Information about Mr Jarkko Takanen is available at Efore Plc's website at
www.efore.com. 

9. Remuneration of the members of the Board of Directors

Sievi Capital Oyj, a shareholder that owns more than 10 per cent of the shares
of the Company, proposes to the Extraordinary General Meeting that the Chairman
of the Board of Directors be paid EUR 3,000 monthly and EUR 500 per meeting and
that the members of the Board of Directors be paid EUR 1,500 monthly and EUR
250 per meeting. 

10. Closing of the Meeting

B. DOCUMENTS OF THE EXTRAORDINARY GENERAL MEETING

This notice including the above proposals of Sievi Capital Oyj in respect of
matters on the agenda of the Extraordinary General Meeting is available on the
company's website at www.efore.com. 

C. INSTRUCTIONS FOR THE PARTICIPANTS IN THE EXTRAORDINARY GENERAL MEETING

1. The right to participate and registration

Each shareholder who is registered on 21 November 2013 in the shareholders'
register of the company maintained by Euroclear Finland Oy has the right to
participate in the General Meeting. A shareholder whose shares are registered
on his/her personal Finnish book-entry account is registered in the
shareholders' register of the company. 

Shareholders who wish to participate in the General Meeting shall register for
the meeting between 11 November 2013 at 10.00 a.m. and 28 November 2013 at 4
p.m. 

Such registration can be given:
- directly by e-mail to ir@efore.fi;
- by telephone to Efore Plc / Anu Virokannas, +358 9 478 466; or
- by regular mail to Efore Plc / Anu Virokannas, P.O. Box 260, FI-02601 Espoo.

In connection with the registration, shareholders shall submit his/her name,
personal identification number, address, telephone number and the name of their
possible assistant or proxy representative and the personal identification
number of their proxy representative. Personal data submitted to Efore Plc is
used only in connection with the General Meeting and with the necessary
processing of related registrations. 

2. Proxy representative and powers of attorney

Shareholders may participate in the General Meeting and exercise his/her rights
at the meeting by way of proxy representation. 

The proxy representative shall present a dated proxy document or otherwise in a
reliable manner demonstrate his/her right to represent the shareholder at the
General Meeting. When a shareholder participates in the meeting by means of
several proxy representatives representing the shareholder with shares at
different securities accounts, the shares by which each proxy representative
represents the shareholder shall be identified in connection with the
registration for the General Meeting. 

The original copies of the proxy documents should be sent to Efore Plc / Anu
Virokannas, P.O. Box 260, FI-02601 Espoo before the last date for registration. 

3. Holders of nominee-registered shares

Holders of nominee-registered shares have the right to participate in the
General Meeting by virtue of those shares based on which he/she, on 21 November
2013, would be entitled to be registered in the shareholders' register of the
company maintained by Euroclear Finland Oy. The right to participate in the
General Meeting requires, in addition, that the shareholder on the basis of
such shares has been registered in the temporary shareholders' register
maintained by Euroclear Finland Oy at the latest by 10 a.m. on 28 November
2013. As regards nominee-registered shares, this constitutes due registration
for the meeting. 

Holders of nominee registered shares are advised to request necessary
instructions regarding the registration in the shareholder's register of the
company, the issuing of proxy documents and registration for the General
Meeting from his/her custodian bank in good time before the General Meeting.
The account management organization of the custodian bank will register the
holder of nominee registered shares who wishes to participate in the General
Meeting to be temporarily entered into the shareholders' register of the
company at the latest by 10 a.m. on 28 November 2013. 

4. Other information

Pursuant to Chapter 5 Section 25 of the Finnish Limited Liability Companies
Act, a shareholder who is present at the Annual General Meeting has the right
to request information with respect to the matters to be considered at the
meeting. 

On 11 November, the total number of shares and votes in Efore Plc is 55,772,891.

EFORE PLC
Board of Directors

For further information, please contact Mr Vesa Vähämöttönen, CEO, tel. +358 9
4784 6312. 

DISTRIBUTION

NASDAQ OMX Helsinki Oy
Principal media

Efore Group

The Efore Group is an international company that develops and produces
demanding power products. Efore's head office is based in Finland, and its
production units are located in China and Tunisia. Sales and marketing
operations are located in Europe, the United States and China. In the fiscal
year ending in October 2012, consolidated net sales totalled EUR 78.1 million,
and the Group's personnel averaged 888. The company's shares are quoted on
Nasdaq OMX Helsinki Oy. www.efore.com