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2010-02-12 15:45:00 CET 2010-02-12 15:46:24 CET REGULATED INFORMATION Citycon Oyj - Company AnnouncementProposals by Citycon's Board of Directors' Nomination Committee to the AGMCITYCON OYJ Stock Exchange Release 12 February 2010 at 16:45 hrs Proposals by Citycon's Board of Directors' Nomination Committee to the AGM Citycon Oyj's Board of Directors' Nomination Committee proposes to the Annual General Meeting to be held on 11 March 2010 that the number of members of the Board of Directors be resolved at nine and that all current Directors Mr Ronen Ashkenazi, Mr Gideon Bolotowsky, Mr Raimo Korpinen, Mr Tuomo Lähdesmäki, Mr Claes Ottosson, Mr Dor J. Segal, Mr Thomas W. Wernink, Mr Per-Håkan Westin and Ms Ariella Zochovitzky be re-elected to the Board for a term that will continue until the closing of the next Annual General Meeting. Said candidates have given their consent to the election. The candidates' personal details are available on the corporate website at www.citycon.com/Board. Additionally, the Nomination Committee proposes that the remuneration of members of the Board of Directors remain unchanged and that the Chairman of the Board of Directors be paid an annual fee of EUR 160,000, the Deputy Chairman EUR 60,000 and ordinary members of the Board EUR 40,000. In addition, the Nomination Committee proposes that the Chairman of the Board and the Chairmen of the Board's committees be paid a meeting fee of EUR 700 and the other Board and committee members EUR 500 per meeting. It is further proposed that members of the Board of Directors not residing in the Helsinki Metropolitan Area be compensated accrued travel and lodging expenses as well as other potential costs related to Board work. Helsinki, 12 February 2010 CITYCON OYJ Petri Olkinuora CEO For further information, please contact: Petri Olkinuora, CEO Tel. +358 20 766 4401 or mobile +358 400 333 256 petri.olkinuora@citycon.fi Distribution: NASDAQ OMX Helsinki Major media www.citycon.fi [HUG#1384146] |
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