Efore - Company Announcement

Decisions of the Board of Efore Plc

Espoo, Finland, 2016-03-30 12:00 CEST (GLOBE NEWSWIRE) -- Efore Plc   Stock
Exchange Release   March 30, 2016        at 13.00 p.m. 



In its first meeting held after the Annual General Meeting, the Board of
Directors elected Päivi Marttila to continue as Chairman. The Board of
Directors has evaluated the independence of the Board members in compliance
with the recommendations of the Corporate Governance Code 2015.  It is the view
of the Board of Directors that all Directors are independent of the company,
and all Directors, excluding Jarkko Takanen, are independent of significant
shareholders. 

The Board of Directors resolved to establish an Audit Committee and a
Compensation Committee. Jarkko Takanen was elected as Chairman of the Audit
Committee and Olli Heikkilä and Jarmo Simola were elected as members. Päivi
Marttila was elected as Chairman of the Compensation Committee and Marjo
Miettinen and Jarmo Simola were elected as members. The Board did not establish
any other committees. 

EFORE PLC

Board of Directors

For further information please contact Mr, Heikki Viika, President and CEO, tel
+358 9 4784 6312 

DISTRIBUTION

Nasdaq Helsinki Ltd
Principal media


Efore Group

Efore Group is an international company which 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, United States and China. In the fiscal year ending in
December 2015, consolidated net sales totalled EUR 89,9 million and the Group's
personnel averaged 887 . The company's share is quoted on the Nasdaq OMX
Helsinki Ltd. www.efore.com