Tectia Oyj - Decisions of general meeting

THE ANNUAL GENERAL MEETING OF TECTIA CORPORATION ON MARCH 28TH 2012

Helsinki, Finland, 2012-03-28 11:55 CEST (GLOBE NEWSWIRE) -- TECTIA CORPORATION
  STOCK EXCHANGE RELEASE   March 28th 2012 AT 12:55 P.M. 

THE ANNUAL GENERAL MEETING OF TECTIA CORPORATION ON MARCH 28TH 2012

The Annual General Meeting of TECTIA has unanimously adopted the financial
statement and consolidated financial statement and granted discharge from
liability to the Board members and CEOs who have been active during the
accounting period between January 1st 2011 and December 31st 2011. 

At the Annual General Meeting, Sami Ahvenniemi, Päivi Hautamäki and Tatu Ylönen
were elected as directors of the company's Board of Directors. At the
organizing meeting of the Board of Directors, which was held immediately after
the Annual General Meeting, Päivi Hautamäki was elected as the Chairman of the
Board of Directors. 

The Authorized Public Accountants KPMG Oy Ab was re-elected as the auditor of
the company, with Kirsi Jantunen as the accountant with the main
responsibility. 

The Annual General Meeting approved the Board of Directors' proposal to
authorize the Board of Directors to decide upon the issuing of in total
5,500,000 shares, in one or more tranches, as share issues against payment or
by giving stock options or other special rights entitling to shares, as defined
in Chapter 10 Section 1 of the Finnish Companies Act, either in accordance with
the shareholders' pre-emptive right to share subscription or deviating from
this right. The authorization will be valid until the next Annual General
Meeting, but will expire on June 30th 2013 at the latest. 

The Annual General Meeting approved the Board of Directors' proposal to
authorize the Board of Directors to decide upon the acquiring of a maximum of
2,000,000 of the company's own shares, in one or more tranches, with assets
belonging to the company's free equity. This amount corresponds approximately
to 6.55 per cent of all shares of the company. The compensation to be paid for
the acquired shares shall be determined on the date of acquisition on the basis
of the trading rate determined for the company's share in a public trading
arranged by NASDAQ OMX Helsinki Ltd. The authorization to acquire the shares
shall be valid at most for eighteen (18) months after the decision of the
Annual General Meeting. 


TECTIA CORPORATION

Tatu Ylönen
CEO

For additional information, please contact:
Mikko Karvinen, CFO, tel. +358 50 326 4101

Distribution:
NASDAQ OMX Helsinki Oy
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