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2009-03-05 15:15:00 CET 2009-03-05 15:15:49 CET REGULATED INFORMATION Amer Sports - Decisions of general meetingDecisions of the Amer Sports Corporation Annual General MeetingSTOCK EXCHANGE RELEASE March 5, 2009 at 4:15 pm At the Amer Sports Corporation Annual General Meeting held earlier today, the following resolutions were approved: Adoption of the annual accounts The Annual General Meeting (AGM) approved Amer Sports Corporation's financial statements and consolidated financial statements for 2008. Resolution on use of the profit shown on the balance sheet and the payment of dividend The AGM resolved to distribute a dividend of EUR 0.16 per share be paid for the financial year ended December 31, 2008. The dividend will be paid to shareholders who are registered on the list of shareholders maintained by Euroclear Finland Ltd (former Finnish Central Securities Depository Ltd) as of Tuesday, March 10, 2009, which is the record date for the dividend payment. The dividend will be paid on Tuesday, March 17, 2009. Resolution on the discharge of the members of the board of directors and the CEO The AGM granted the members of the Board of Directors and the Company's President discharge from liability for the financial year 2007. Resolution on the remuneration of the members of the board of directors The AGM approved that the remuneration payable to the members of the Board to be elected at the Annual General Meeting for the term until the close of the Annual General Meeting in 2010 be unchanged from year 2008 as follows: Chairman EUR 80,000, Vice Chairman EUR 50,000, and other members EUR 40,000. No extra remuneration is paid from attending board meetings nor committee meetings. 40% of the annual remuneration is being paid in the form of the company's shares and 60% in cash. Resolution on the number of the members of the board of directors The AGM confirmed that the number of Board members is to be seven (7). Resolution on the board composition The AGM re-elected Anssi Vanjoki, Ilkka Brotherus, Pirjo Väliaho, Martin Burkhalter, Christian Fischer and Bruno Sälzer as members of the Board of Directors and appointed Hannu Ryöppönen as a new board member. The Board's term of service will run until the close of the 2010 Annual General Meeting. Resolution on the remuneration of the auditor The AGM decided that the auditor's fee will be paid as invoiced. Election of auditor The AGM elected the Authorized Public Accountant PricewaterhouseCoopers Oy to act as an auditor of the Company. The auditor in charge of the audit was elected to be Mr Jouko Malinen, Authorized Public Accountant. Authorizing the board of directors to decide issuance of shares The AGM authorized the Board of Directors to decide on issuing new shares on the following terms and conditions: New shares may be issued and the Company's own shares held by the Company may be conveyed against payment ("Share Issue Against Payment") to the Company's shareholders in proportion to their current shareholdings in the Company. By virtue of the authorization, the Board of Directors is entitled to decide on issuing a maximum of 7,000,000 new shares. The subscription price of the new shares shall be recorded under the invested non-restricted equity fund.The authorization to issue shares is valid until two (2) years from the date of the decision of the Annual General Meeting. AMER SPORTS CORPORATION Communications Ms Maarit Mikkonen Communications Manager Tel. +358 9 7257 8306, e-mail: maarit.mikkonen@amersports.com www.amersports.com DISTRIBUTION: NASDAQ OMX Helsinki Major media www.amersports.com AMER SPORTS CORPORATION Amer Sports (www.amersports.com) is the world's leading sports equipment company with internationally recognized brands including Salomon, Wilson, Precor, Atomic, Suunto, Mavic and Arc'teryx. All Amer Sports companies develop and manufacture technically advanced products that improve the performance of active sports participants. The Group's business is balanced by its broad portfolio of sports and presence in all major markets. |
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