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2008-04-03 12:48:02 CEST 2008-04-03 12:48:37 CEST REGLAMENTUOJAMA INFORMACIJA Rapala VMC - Decisions of general meetingDECISIONS OF RAPALA'S ANNUAL GENERAL MEETING ON APRIL 3, 2008STOCK EXCHANGE RELEASE April 3, 2008 The Annual General Meeting of Rapala VMC Corporation (Rapala) unanimously adopted the financial statement of the financial year 2007 and granted release from personal liability for the Board of Directors and the President for the financial year that ended on December 31, 2007. The proposal concerning the dividend, EUR 0.18 per share, was approved. The dividend will be paid on April 15, 2008 to each of the shareholders who on the record date of April 8, 2008 have been entered in the list of shareholders kept by the Finnish Central Securities Depository Ltd. The meeting approved that there are seven members of the Board of Directors. The re-elected members of the Board of Directors were Jorma Kasslin, Eero Makkonen, Marc Speeckaert, Jan-Henrik Schauman, Christophe Viellard, Emmanuel Viellard and William (King Ming) Ng. The meeting resolved that the annual fee paid to each Board member is EUR 30 000 and EUR 60 000 to the Chairman of the Board. Ernst & Young Oy, Authorised Public Accountants, was appointed as Rapala's auditor. In accordance with the Board of Directors proposal, the Annual General Meeting authorised the Board to resolve to repurchase a maximum of 2 000 000 own shares by using funds in the unrestricted equity. The proposed number of shares corresponds to less than 10 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 OMX Nordic Exchange Helsinki Oy at the market price of the acquisition date. The shares will be acquired and paid in pursuance of the rules of OMX Nordic Exchange Helsinki Oy and applicable rules regarding the payment period and other terms of the payment. The authorisation is in force until the end of the next Annual General Meeting and repeals the authorisation to acquire own shares given by the General Meeting held on April 4, 2007. The Board of Directors of Rapala has on April 3, 2008 elected Emmanuel Viellard as the chairman of the Board of Directors. Rapala VMC Corporation Jorma Kasslin Chief Executive Officer For further information: Company Counsel Olli Aho, tel. +358 9 7562 540 Distribution: OMX Nordic Exchange Helsinki and main media |
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