|
|||
2012-03-14 15:45:00 CET 2012-03-14 15:45:37 CET REGULATED INFORMATION Rautaruukki - Decisions of general meetingResolutions of Rautaruukki Corporation's Annual General and Board of Directors meetingsRautaruukki Corporation Stock exchange release 14 March 2012 at 4.45pm EET Resolutions of the Annual General Meeting Rautaruukki Corporation's Annual General Meeting held today approved the payment of a dividend for 2011 of EUR 0.50 per share in accordance with the Board of Directors' proposal. Pertti Korhonen, Liisa Leino, Matti Lievonen, Hannu Ryöppönen and Jaana Tuominen were re-elected to the Board and President and CEO Kim Gran and CFO Saila Miettinen-Lähde were elected to the Board as new members. The Annual General Meeting approved the parent company's annual accounts and consolidated annual accounts and discharged the members of the Board of Directors and the President & CEO from liability for 2011. Rautaruukki Corporation's Annual General Meeting was held today in Helsinki. A total of 520 shareholders were represented at the Annual General Meeting. Dividend Rautaruukki Corporation's Annual General Meeting approved the payment of a dividend for 2011 of EUR 0.50 per share in accordance with the Board of Directors' proposal. The dividend will be paid to shareholders on the company's shareholders register maintained by Euroclear Finland Ltd at the record date 19 March 2012. It was decided that the dividend will be paid on 28 March 2012. Board of Directors It was confirmed that the number of members of the Board of Directors is seven (7). President & CEO Pertti Korhonen, Chairman of the Board of Directors Liisa Leino, President & CEO Matti Lievonen, Hannu Ryöppönen, BA (Bus Admin) and CEO Jaana Tuominen were re-elected to the Board. President and CEO Kim Gran and CFO Saila Miettinen-Lähde were elected as new members of the Board of Directors. Kim Gran was appointed as chairman of the Board of Directors and Hannu Ryöppönen as deputy chairman. Fees of the Board of Directors The Annual General Meeting approved payment of the annual fee of EUR 72,000 to the chairman of the Board of Directors, EUR 44,000 to the deputy chairman and EUR 34,000 to other members of the Board, together with an attendance fee of EUR 600 for each meeting, including Board of Directors' committee meetings. 40 per cent of the annual fee is to be paid in the form of Rautaruukki Oyj shares purchased from the market. The shares will be purchased within two weeks of the publication of the company's interim report for the first quarter of 2012. Auditor KHT audit firm KPMG Oy Ab was re-appointed as the company's auditor. The auditor will be paid a fee against invoice approved by the company. Authority to acquire the company's own shares In accordance with the Board of Directors' proposal, the Annual General Meeting granted the Board of Directors the authority to acquire a maximum of 12,000,000 of the company's own shares. The authority is valid until the following Annual General Meeting. Establishment of a Nomination Board The Annual General Meeting decided to establish a Nomination Board to prepare proposals for the following Annual General Meeting regarding the composition of the Board of Directors and directors' fees. The minutes of the Annual General Meeting will be available for the inspection of shareholders at the company's head office and may also be viewed on the company's website at www.ruukki.com by 28 March 2012. The proposals made to the Annual General Meeting may be viewed in their entirety on the company's website. Resolutions of the organisation meeting of Rautaruukki Corporation's Board of Directors Audit Committee The Board of Directors appointed Hannu Ryöppönen as chairman and Saila Miettinen-Lähde and Jaana Tuominen as members of the Audit Committee. Remuneration and HR Committee The Board of Directors appointed Kim Gran as chairman and Pertti Korhonen, Liisa Leino and Matti Lievonen as members of the Remuneration and HR Committee. All members of the Board of Directors are independent of the company and of the company's major shareholders. For further information, please contact: Sakari Tamminen, President & CEO, tel. +358 20 592 9075 Olli Huuskonen, Secretary to the Board of Directors, tel. +358 20 592 9300 Rautaruukki Corporation Taina Kyllönen SVP, Marketing and Communications DISTRIBUTION: NASDAQ OMX Helsinki Main media www.ruukki.com Ruukki provides its customers with energy-efficient steel solutions for better living, working and moving. Ruukki operates in some 30 countries and employs around 11,800 people. Net sales in 2011 totalled EUR 2.8 billion. The company's share is quoted on NASDAQ OMX Helsinki (Rautaruukki Oyj: RTRKS). [HUG#1594034] |
|||
|