Trainer's House Oyj - Decisions of general meeting

TRAINERS´ HOUSE PLC - DECISIONS OF THE ANNUAL GENERAL MEETING

Espoo, 2014-03-26 14:30 CET (GLOBE NEWSWIRE) -- TRAINERS´ HOUSE PLC, STOCK
EXCHANGE RELEASE, 26 MARCH 2014 AT 15:30 

The Annual General Meeting of Trainers' House Plc was held on 26 March 2014 in
Espoo. 

The Annual General Meeting decided in accordance with the proposal of the Board
of Directors that no dividends shall be paid from the fiscal year 2013. 

The Annual General Meeting decided in accordance with the proposal of the Board
of Directors that the Company's share premium fund shall be decreased by EUR
4,037,620.81 to cover the Company's losses. The Company's share premium fund on
31.12.2013 before the proposed decrease in order to cover the losses is EUR
4,532,159.97. After the decrease the share premium fund is EUR 494,539.16. 

The Meeting approved the financial statements and the consolidated financial
statements for the fiscal year 1.1.2013-31.12.2013. The Meeting discharged the
Board of Directors and the CEO from liability for the fiscal year
1.1.2013-31.12.2013. 

The Annual General Meeting decided that the number of members of the Company's
Board of Directors is five. Mr. Aarne Aktan, Mr. Vesa Honkanen, Mr. Jarmo
Hyökyvaara and Mr. Jari Sarasvuo were re-elected members of the Board of
Directors. Ms. Marjaana Toiminen was elected as a new member of the Board of
Directors. At its assembly meeting convened after the Annual General Meeting
the Board of Directors elected Mr. Aarne Aktan as the Chairman of the Board.The
General Annual Meeting decided that the remuneration to the Chairman shall be
EUR 3,500 per month and to the other members of the Board EUR 1,500 per month. 

Authorized Public Accountant firm Ernst & Young Oy was elected auditor. The
remuneration to the auditor shall be paid against the auditor's reasonable
invoice. 

The Annual General Meeting decided in accordance with the proposal of the Board
of Directors that the Board of Directors shall be authorized to decide on
issuance of shares, transfer of the Company's own shares and issuance of
special rights entitling to shares in one or more tranches. The aggregate
number of shares issued or transferred on the basis of the authorization may
not exceed 13,000,000 shares. The issuance of shares, the transfer of the
Company's own shares and the issuance of special rights entitling to shares may
be carried in deviation from the shareholders' pre-emptive rights. The
authorization will reverse the previous authorizations regarding issuing of
shares, issuing treasury shares and other special rights entitling to shares.
The authorization is effective until 30 June 2017. 


TRAINERS' HOUSE PLC
Arto Heimonen
Chief Executive Officer

FURTHER INFORMATION
Mirkka Vikström
CFO
tel. +358 (0)50 376 1115


DISTRIBUTION:
NASDAQ OMX Helsinki
Prominent media sources
www.trainershouse.fi - Investors

Attachments:

Varsinaisen yhtiokokouksen paatokset 26.3.2014 ENG.pdf