Ramirent - Decisions of general meeting

Resolutions passed at Ramirent Plc’s Annual General Meeting 2017

Vantaa, Finland, 2017-03-16 11:25 CET (GLOBE NEWSWIRE) -- 

Ramirent Plc           Stock Exchange Release          16 March 2017 at 12:25 



Ramirent Plc's Annual General Meeting, which was held today on 16 March 2017,
adopted the 2016 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 and authorization
of the Board of Directors to repurchase Company’s own shares. 

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 December 31, 2016. The dividend shall be paid in two
installments. The first installment of EUR 0.20 per share 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 20 March 2017.
The first installment is to be paid on April 4, 2017 for shareholders whose
shares are registered in Euroclear Finland Ltd and on April 5, 2017 for
shareholders whose shares are registered in Euroclear Sweden AB. The second
installment of EUR 0.20 per share 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 September 18, 2017. The second
installment is to be paid on October 3, 2017 for shareholders whose shares are
registered in Euroclear Finland Ltd and on October 4, 2017 for shareholders
whose shares are registered in Euroclear Sweden AB. The Board of Directors is
authorized to set a new dividend record date and payment date for the second
installment of the dividend, in case the rules and regulations of the Finnish
book-entry system would be changed, or otherwise so require, prior to the
payment of the second installment of the dividend. 

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 seven (7) and re-elected current members Kevin Appleton,
Kaj-Gustaf Bergh, Ulf Lundahl, Tobias Lönnevall and Susanna Renlund, and
elected as new Board members Ann Carlsson and Erik Bengtsson 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 authorized 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 authorization shall also contain an entitlement for the
Company to accept its own shares as pledge. The number of shares that can be
acquired or held as pledges by the Company on the basis of this authorization
shall not exceed one tenth (1/10) of all outstanding shares of the Company. The
Board of Directors shall decide on all other terms of the share repurchase. The
share repurchase authorization shall be valid until the next Annual General
Meeting and it shall revoke the repurchase authorization given by the Annual
General Meeting on March 17, 2016. 

Minutes of the Annual General Meeting

The minutes of the Annual General Meeting will be available on the Internet at
the company website www.ramirent.com by 30 March 2017. 



Ramirent Plc
Board of Directors



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

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 2016, Ramirent
Group sales totalled EUR 665 million. The Group has 2,686 employees in 290
customer centers in 10 countries. Ramirent is listed on the NASDAQ Helsinki
(RMR1V). Ramirent – More than machines®. 

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www.ramirent.com