Ramirent - Decisions of general meeting

Resolutions passed at Ramirent Plc’s Annual General Meeting 2016

RAMIRENT PLC           COMPANY ANNOUNCEMENT             17 March 2016  at 12:15
EET 

Vantaa, Finland, 2016-03-17 11:15 CET (GLOBE NEWSWIRE) -- 

Resolutions passed at Ramirent Plc’s Annual General Meeting 2016

Ramirent Plc's Annual General Meeting, which was held today on 17 March 2016,
adopted the 2015 annual financial accounts and discharged the members of the
Board of Directors and the President and CEO from liability. The Annual General
Meeting decided on the payment of dividends, the composition of the Board of
Directors and their fees,the election of the auditor and fee, the authorisation
of the Board of Directors to repurchase the Company’s own shares and
authorisation of the Board of Directors for a share issue. 



Dividend payout

The Annual General Meeting adopted the Board’s proposal that a dividend of EUR
0.40 per share be paid based on the adopted balance sheet for the financial
year ended on 31 December 2015. The dividend will be paid to shareholders
registered in the shareholders’ register of the Company maintained by Euroclear
Finland Ltd on the record date for dividend payment 21 March 2016. It was
decided that the dividend be paid on 1 April 2016 for shareholders whose shares
are registered in Euroclear Finland Ltd and on 4 April 2016 for shareholders
whose shares are registered in Euroclear Sweden AB. 



Composition of the Board of Directors and their remuneration

The Annual General Meeting resolved that the number of members of the Board of
Directors is confirmed to be seven (7) and re-elected the Board members Kevin
Appleton, Kaj-Gustaf Bergh, Anette Frumerie, Ulf Lundahl, Tobias Lönnevall,
Mats O Paulsson and Susanna Renlund for the term that will continue until the
end of the next Annual General Meeting. 

The Annual General Meeting adopted the proposal that the remunerations of the
members of the Board of Directors would be as follows: for the Chairman EUR
3,800 per month and additionally EUR 1,600 for attendance at board and
committee meetings and other similar board assignments; for the Vice-Chairman
EUR 2,500 per month and additionally EUR 1,300  for attendance at board and
committee meetings and other similar board assignments; and for the members of
the Board of Directors EUR 2,250 per month and additionally EUR 1,000  for
attendance at board and committee meetings and other similar board assignments.
Travel expenses and other out-of-pocket expenses due to the board work shall be
compensated in accordance with the Company’s established practice and travel
rules. 



Election of the auditor and the fee

The Annual General Meeting adopted the proposal that the number of auditors
shall be one (1) and re-elected PricewaterhouseCoopers Oy (“PWC”) as the
company’s auditor with APA Ylva Eriksson as principally responsible auditor for
the term that will continue until the end of the next Annual General Meeting.
The auditor’s compensation will be paid against an invoice as approved by the
Company. 



Repurchase of the Company’s own shares

The Annual General Meeting authorised the Board of Directors to decide on the
repurchase of a maximum of 10,869,732 Company’s own shares as proposed by the
Board of Directors. The authorisation also contains an entitlement for the
Company to accept its own shares as pledge. The Board of Directors shall decide
on other terms of the share purchase. The share repurchase authorisation is
valid until the next Annual General Meeting. 



Share issue and/or issuance of option rights, convertible bonds and/or other
special rights entitling to shares 

The Annual General Meeting authorised the Board of Directors to decide on the
issuance of a maximum of 10,869,732 new shares and/or conveyance of a maximum
of 10,869,732 Company’s own shares. By virtue of the authorisation, the Board
of Directors also has the right to grant option rights, convertible bonds
and/or other special rights referred to in Chapter 10, Section 1 of the
Companies Act, which entitle to new shares or the Company’s own shares against
payment in such a manner that the subscription price of the shares is paid in
cash or by using the subscriber’s receivable to set off the subscription
price.New shares may be issued and the Company’s own shares held by the Company
may be conveyed either against payment or for free. 

The Board of Directors shall decide on all other terms and conditions related
to the authorizations. The authorizations shall be valid until 17 March 2021
and they shall revoke the authorizations given by the Annual General Meeting on
26 March 2013. 

The minutes of the Annual General Meeting will be available on the Internet at
the company website www.ramirent.com by 31 March 2016. 



Helsinki, 17 March 2016



RAMIRENT PLC
THE BOARD OF DIRECTORS



FURTHER INFORMATION:
Pierre Brorsson, CFO, tel. +46 8 624 9541

DISTRIBUTION:
NASDAQ OMX Helsinki
Main news media
www.ramirent.com

Ramirent is a leading equipment rental group combining the best equipment,
services and know-how into rental solutions that simplify customer’s business.
Ramirent serves a broad range of customer sectors including construction,
industry, services, the public sector and households. Ramirent has operations
in the Nordic countries and in Central and Eastern Europe. In 2015, Ramirent
Group sales totalled EUR 636 million. The Group has 2,654 employees in 288
customer centres in 10 countries. Ramirent is listed on the NASDAQ Helsinki
(RMR1V). Ramirent – More than machines®.