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2009-03-26 13:30:00 CET 2009-03-26 13:30:13 CET REGULATED INFORMATION Larox Oyj - Decisions of general meetingRESOLUTIONS OF LAROX CORPORATION ANNUAL GENERAL MEETING OF SHAREHOLDERSLarox Corporation Company announcement 26 March 2009 at 2.30 pm RESOLUTIONS OF LAROX CORPORATION ANNUAL GENERAL MEETING OF SHAREHOLDERS Larox Corporation annual general meeting of shareholders, held at Larox Corporation headquarters, address Tukkikatu 1, 53900 Lappeenranta at 12 o'clock on Thursday 26 March 2009 handled the matters that belong to the annual general meeting of shareholders, adopted the consolidated and parent company financial statements for the fiscal year 2008. PAYMENT OF DIVIDENDS The annual general meeting of shareholders decided that based on the confirmed balance sheet of the past fiscal year, ended on 31 December 2008, the company pays a dividend of EUR 0.30 per share from the distributable retained profits. The shareholder, who is registered in the shareholders' registry maintained by Euroclear Finland Ltd. (earlier Central Securities Depository Ltd.) on 31 March 2009, the matching day of dividend payment, is entitled to the dividend. The dividends will be paid on 20 May 2009. Furthermore, the annual general meeting of shareholders authorized the Board of Directors to decide within their discretion on the payment of a possible additional dividend of EUR 0.20 per share at the maximum, should the economic situation of the company allow it. The Board of Directors can decide on the dividend in question by 31 December 2009. The possible additional dividend based on the decision of the Board of Directors will be paid to the shareholder, who is registered in the shareholders' registry maintained by Euroclear Finland Ltd. on the matching day of dividend payment. The Board of Directors will decide on the matching day of the dividend payment as well as the payment day of the dividend. THE DISCHARGE FROM LIABILITY AND ELECTION OF THE MEMBERS OF THE BOARD OF DIRECTORS AND AUDITORS The annual general meeting of shareholders discharged from liability the members of the Board of Directors and the President & CEO for the fiscal year 2008. The annual general meeting of shareholders re-elected the following current members to the Board of Directors: Mr. Timo Vartiainen, Ms. Katariina Aaltonen, Mr. Teppo Taberman, Mr. Thomas Franck and Mr. Matti Ruotsala. The annual general meeting of shareholders elected the auditing society PricewaterhouseCoopers Oy as auditors, the primary responsibility resting with APA Kim Karhu. Mr. Timo Vartiainen was elected Chairman of the Board of Directors in the organizational meeting of the Board of Directors held immediately after the annual general meeting of shareholders. AUTHORIZATION TO THE BOARD OF DIRECTORS TO DECIDE ON THE PURCHASE OF OWN B-SERIES SHARES The annual general meeting of shareholders authorized the Board of Directors to decide on the purchase of own B-series shares in the following way: The number of own B-series shares to be purchased is 500.000 shares at the maximum. The Board of Directors can purchase these shares only by using the company's unrestricted shareholders' equity in public trading arranged by Nasdaq OMX Helsinki Ltd. at fair value at the date of acquisition in a proportion not pro rata to the shares owned by the shareholders. The authorization is valid for 18 months from the date of the decision by the annual meeting of shareholders. Invitation to the annual general meeting of shareholders was published on 27 February 2009. Lappeenranta on 26 March 2009 LAROX CORPORATION Board of Directors For futher information, please contact Mr. Juha Parkkila Corporate Legal Adviser Tel. +358 (0) 20 7687368 Fax +358 (0) 20 7687277 Email: juha.parkkila@larox.com www.larox.com DISTRIBUTION: Nasdaq OMX Helsinki Ltd., central media Larox develops, designs and manufactures industrial filters and is a leading technology company in its field. Larox is a full service solution provider in filtration for separating solids from liquids. It supplies comprehensive aftermarket services throughout the lifespan of the Larox solution. Companies world-wide in mining and metallurgy, chemical processing and related industries benefit from the Larox technologies. Larox operates in over 40 countries and has over 590 employees. Larox Group is headquartered in Lappeenranta, Finland where the Group also has production facilities. Net sales in 2008 totaled 208 million euros, of which more than 93 % were generated by exports and the company's foreign operations. |
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