Panostaja Oyj - Decisions of general meeting

PANOSTAJA OYJ'S ANNUAL GENERAL MEETING, 27 JANUARY 2010

Panostaja Oyj Stock Exchange Bulletin, 27th January 2010 13:15 p.m. 



PANOSTAJA OYJ'S ANNUAL GENERAL MEETING, 27 JANUARY 2010                         


Panostaja Oyj's Annual General Meeting was held on Wednesday 27th of January    
2010 in Tampere. 

The AGM adopted the financial statements presented for the financial year 1st   
November 2008-31st October 2009 and the Board's proposal to transfer the profit 
for the period to retained earnings and to distribute EUR 0.12 per share in     
dividends was approved. The record date for dividend payment is 1st February    
2010 and the payment date is as from 8th February 2010.In addition, the AGM     
discharged the Board of Directors and the Chief Executive Officer from          
liability.                                                                      

The AGM elected Matti Koskenkorva, Jukka Ala-Mello, Hannu Tarkkonen, Hannu      
Martikainen,Hannu Ketola and Satu Eskelinen to Panostaja Oyj's Board of         
Directors. The AGM elected Eero Suomela, APA, and PricewaterhouseCoopers Oy,    
APA, as principal auditors and Janne Rajalahti, APA, as the responsible auditor.

The AMG also approved the proposal by the Board concerning the Article 8 of the 
Articles of Association.                                                        

“8 § Call to general meeting and participation to general meeting.              

The call to general meeting must be delivered to shareholders earliest two (2)  
months and no later than three (3) weeks before the meeting and no later than   
nine days before the meeting record date, by a registered letter to shareholders
address as recorded in the shareholders register, by any other verified manner  
or by publishing the call at least in one national newspaper as decided by the  
shareholders meeting.                                                           

Shareholder must, in order to be able to attend the general meeting, notify the 
company of his attendance in advance on a date set forth in the call, and such  
date may not be earlier than ten (10) days before the meeting.”                 

The AGM also approved the following proposal by the Board and revoked the       
previous authorisation granted at the AGM on 26th January 2009 concerning buying
back own shares:                                                                

The AGM authorised the Board to decide on buying back own shares in one or more 
lots. The decision(s) to buy back own shares is limited to such amount of       
shares, that together with the own shares owned by or pledged to the Company or 
its subsidiaries, is one tenth of all the shares in the Company.                

The shares will be bought in disproportion to shareholdings in public trading   
organised by the NASDAQ OMX Helsinki Ltd. at their current price in public      
trading at the time of purchase. The Purchases will be executed in accordance to
the rules of NASDAQ OMX Helsinki Ltd. and Euroclear Finland Ltd.                

Authorisation is valid for 18 months of the AGM's authorisation decision.       
Authorisation revokes the authorisation of the Board to decide on buying back   
own shares given by previous AGM.                                               

The Board held an organisational meeting immediately after the AGM finished and 
it was agreed that Matti Koskenkorva would continue as Chair.                   


PANOSTAJA OYJ                                                                   

Juha Sarsama   
CEO                                                                             

This stock exchange bulletin is a translation of the original Finnish stock     
exchange bulletin 27th January 2010                                             

For further information, please contact Juha Sarsama +358 40 774 2099