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2009-03-27 16:10:00 CET 2009-03-27 16:10:02 CET REGULATED INFORMATION PKC Group Oyj - Decisions of general meetingRESOLUTIONS OF PKC GROUP OYJ'S ANNUAL GENERAL MEETING AND BOARD OF DIRECTORSPKC Group Oyj Stock Exchange Announcement 27 MARCH 2009 5.10 p.m. RESOLUTIONS OF PKC GROUP OYJ'S ANNUAL GENERAL MEETING AND BOARD OF DIRECTORS The Annual General Meeting of PKC Group Oyj held on 27 March 2009 adopted the financial statements and consolidated financial statements and resolved to pay a dividend of EUR 0.15 per share. The Board members and the CEOs were discharged from liability for 2008. The General Meeting also resolved on the election and remuneration of the Board of Directors and the Auditor as well as on the issue of stock options. DIVIDEND The Annual General Meeting resolved to pay a dividend of EUR 0.15 per share. Dividend will be paid to shareholders who on the record date on 1 April 2009 are registered as shareholders in the Company's shareholders' register maintained by Euroclear Finland Ltd (formerly Finnish Central Securities Depository Ltd). The payment date for dividends is 8 April 2009. DISCHARGE FROM LIABILITY The Board members and the CEOs were discharged from liability for 2008. BOARD OF DIRECTORS AND AUDITOR The number of Board members was confirmed to be 5. Endel Palla, Olli Pohjanvirta, Matti Ruotsala and Jyrki Tähtinen were re-elected as Board members and Outi Lampela was elected as a new member. It was decided to pay the Chairman EUR 50,000 per term, Vice-Chairman EUR 37,500 per term and other members EUR 25,000 per term as well as travel and accommodation expenses related to Board meetings. Ernst & Young Oy, authorised public accounting firm will continue as auditor, with Juhani Rönkkö, authorised public accountant, as responsible auditor. Auditor's fees and travel expenses are paid in accordance with reasonable invoice. In the Board of Directors' organisation meeting Matti Ruotsala was appointed as the Chairman and Jyrki Tähtinen as Vice-Chairman. The Board evaluated the independence of its members and, according to evaluation, the majority of all directors (4 members: Lampela, Pohjanvirta, Ruotsala and Tähtinen) are independent of the company and of its significant shareholders. ISSUE OF STOCK OPTIONS The General Meeting resolved to issue stock options to the key personnel of the Company and its subsidiaries. The stock options shall, upon Board' decision, be issued free of charge to the members of the Executive Board, general managers of subsidiaries and other key personnel defined by the board and employed by or to be recruited by the Group. The maximum total number of stock options issued will be 600,000 and they are divided into A, B and C options. The stock options entitle their owners to subscribe for a maximum total of 600,000 new shares in the Company or existing shares held by the Company. The share subscription price for stock options will be the trade volume weighted average quotation of PKC Group's share in April 2009, 2010 and 2011 on the NASDAQ OMX Helsinki Ltd + 20%. From the share subscription price of the stock options shall, as per the dividend record date, be deducted the amount of the dividend decided after the period for determination of the share subscription price but before share subscription. The share subscription price shall be recorded in the invested non-restricted equity fund. The share subscription period for stock options 2009A, will be 1 April 2012—30 April 2014, for stock options 2009B, 1 April 2013—30 April 2015 and for stock options 2009C, 1 April 2014—30 April 2016. DOCUMENTS The documents of the General Meeting are available on the Company's website at www.pkcgroup.com. The minutes of the Annual General Meeting will also be available at the company's website. PKC Group Oyj Board of Directors Harri Suutari President & CEO For additional information, contact: Harri Suutari, President & CEO, PKC Group Oyj, +358 400 384 937 DISTRIBUTION NASDAQ OMX Main media www.pkcgroup.com The PKC Group offers design and contract manufacturing services for wiring harnesses, cabling and electronics. The Group has production facilities in Finland, Brazil, China, Mexico, Poland, Estonia and Russia, and employs about 5,600 people. The Group's net sales in 2008 totalled EUR 311.7 million. PKC Group Oyj is listed on NASDAQ OMX Helsinki Ltd. |
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