Ponsse Oyj - Decisions of general meeting

DECISIONS OF PONSSE PLC'S ANNUAL GENERAL MEETING

Vieremä, Finland, 2014-04-15 14:26 CEST (GLOBE NEWSWIRE) -- 


DECISIONS OF PONSSE PLC'S ANNUAL GENERAL MEETING

Ponsse Plc's Annual General Meeting was held in Vieremä, Finland today, 15
April 2014. 

Financial statements
The AGM approved the parent company financial statements and the consolidated
financial statements, and members of the Board of Directors and the President
and CEO were discharged from liability for the 2013 financial period. 

Dividend
The AGM decided to authorise a dividend per share of EUR 0.30 per share for
2012 (dividends totalling EUR 8,336,130. No dividend will be paid to shares
owned by the company itself (212,900 shares). The dividend payment record date
is 22 April 2014, and the dividends will be paid on 29 April 2014. 

Board of Directors
The number of Board members was confirmed as seven (7). Heikki Hortling, Mammu
Kaario, Ilkka Kylävainio, Ossi Saksman, Janne Vidgrén, Juha Vidgrén and Jukka
Vidgrén were re-elected to the Board. For more information on the Board
members, please visit the Ponsse website
http://www.ponsse.com/english/investors/corporate_info/board.php. The Board's
period of office will last until the next AGM. 

The AGM confirmed the annual remuneration payable to the Chairman of the Board
as EUR 43,000, the remuneration payable to the Vice Chairman as EUR 38,000 and
the remuneration payable to other members as EUR 32,000. 

At a Board meeting held after the AGM, Juha Vidgrén was elected Chairman of the
Board and Heikki Hortling was elected Vice Chairman. 

Auditor
PricewaterhouseCoopers Oy were appointed as the company's auditors, with Sami
Posti, Authorised Public Accountant, as the principal auditor. 

Authorisation of the Board of Directors to decide on share issues by assigning
the Company's own shares 
The AGM authorised the Board of Directors to decide on the issue of the
assignment of treasury shares held by the company against payment or free of
charge so that a maximum of 212,900 shares will be issued on the basis of the
authorisation. The maximum amount corresponds to approximately 0.76 per cent of
the company's total shares and votes. 

The authorisation includes the right of the Board to decide upon all other
terms and conditions of the share issue. Thus, the authorisation includes a
right to organise a directed issue in deviation of the shareholders'
subscription rights under the provisions prescribed by law. 

The authorisation is proposed for use in supporting the Company's growth
strategy in the Company's potential corporate acquisitions or other
arrangements. In addition, the shares can be issued to the Company's current
shareholders, sold through public trading or used in personnel incentive
systems. 

The authorisation is valid until the next AGM; however, no later than 30 June
2015. The previous authorisations are cancelled. 

Profit bonus to personnel
The Annual General Meeting decided that personnel employed by the Group be paid
a profit bonus of no more than EUR 60 per person per month at work for 2013. 

Minutes of the meeting
The minutes of the AGM will be available for inspection by shareholders at the
Ponsse Plc Customer Service Centre at Ponssentie 22, Vieremä, Finland, as of 24
April 2014. 

Vieremä, 15 April 2014

PONSSE PLC

Juho Nummela
President and CEO

Petri Härkönen
CFO


FURTHER INFORMATION
President and CEO Juho Nummela, tel. +358 400 495 690
CFO Petri Härkönen, tel. +358 50 409 8362

DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Principal media
www.ponsse.com

Ponsse Plc is a company specialising in the sales, manufacture, servicing and
technology of cut-to-length method forest machines and is driven by genuine
interest in its customers and their business. Ponsse develops and manufactures
sustainable and innovative harvesting solutions based on customers' needs. 

The company was established by forest machine entrepreneur Einari Vidgrén in
1970, and it has been a leader in timber harvesting solutions based on the
cut-to-length method ever since. Ponsse is headquartered in Vieremä, Finland.
The company's shares are quoted on the NASDAQ OMX Nordic List.