Pihlajalinna Oyj - Decisions of extraordinary general meeting

Resolutions of Pihlajalinna Oyj's Extraordinary General Meeting

PIHLAJALINNA OYJ Stock Exchange Release 14 December 2015 at 12.45 p.m. (EET)

Resolutions of Pihlajalinna Oyj's Extraordinary General Meeting

Pihlajalinna Oyj's Extraordinary General Meeting took place in Tampere,
Finland, today. The General Meeting authorized the Board of Directors to decide
on the issuance of shares, share options, and other special rights entitling to
shares referred to in Chapter 10, Section 1 of the Finnish Companies Act by
virtue of one or several decisions in accordance with the proposal by the Board
of Directors as follows: 

Shares issued on the basis of the authorization are new shares of the company
and their number shall not exceed 2,600,000 shares, which corresponds to
approximately 13.6 percent of all the current shares in the company. Shares and
special rights entitling to shares can be issued in one or several batches. 

The Board of Directors decides on all terms and conditions of the issuance of
shares and special rights entitling to shares. The authorization includes a
right to deviate from the shareholders pre-emptive right to subscription
(directed issue), if there is a weighty financial reason for the company to
deviate from the pre-emptive right to subscription, as provided in the Finnish
Companies Act. The authorization may be used for any purpose determined by the
Board of Directors, for example to strengthen the company's balance sheet and
financial position in connection with investments and expansion, such as
mergers and acquisitions, in accordance with the company's strategy. 

The authorization will not cancel prior authorizations and it is valid for a
period of five (5) years from the General Meeting resolution. 

Tampere, 14 December 2015

PIHLAJALINNA OYJ
The Board of Directors

Sender:
Terhi Kivinen, SVP, Communications, Marketing and IR, Pihlajalinna Oyj, +358 40
8484001, terhi.kivinen@pihlajalinna.fi 

Distribution

Nasdaq OMX Helsinki

Key media

investors.pihlajalinna-konserni.fi