Aspocomp Group - Decisions of general meeting

DECISIONS BY THE ANNUAL GENERAL MEETING 2013 OF ASPOCOMP GROUP PLC

Espoo, Finland, 2013-04-23 14:45 CEST (GLOBE NEWSWIRE) -- 
Aspocomp Group Plc, Decisions of Annual General Meeting, April 23, 2013 at 3:45
p.m. 

The Annual General Meeting of Aspocomp Group Plc held on 23 April 2013 adopted
the annual accounts and the consolidated annual accounts for the financial
period 2012 and granted the members of the Board of Directors and the CEO
discharge from liability. The Meeting decided not to pay dividends for the
financial period 2012. 

The Annual General Meeting decided to set the number of Board members at four
(4) and re-elected the current members of the Board according to their
consents: Mr. Johan Hammarén, Mr. Tuomo Lähdesmäki, and Mr. Kari Vuorialho and
elected Ms. Päivi Marttila MSc (Econ), (b. 1961) according to her consent as a
new member to the Board, for a term of office ending at the closing of the
following Annual General Meeting. The Meeting re-elected PricewaterhouseCoopers
Oy, Authorized Public Accountants, as the company's auditor for a term of
office ending at the closing of the following Annual General Meeting.
PricewaterhouseCoopers Oy has notified that Mr. Markku Katajisto, Authorized
Public Accountant, will act as its principal auditor. 

The Annual General Meeting decided that the chairman of the Board of Directors
will be paid EUR 30,000 and the other members will be paid EUR 15,000 each in
remuneration for their term of office. Approximately 60% of such remuneration
will be paid in cash and the other approximately 40% will be paid in shares of
the company. The remuneration shares will be acquired by a broker on behalf and
in the name of the members of the Board of Directors and the company will pay
the purchase of the shares to the members of the Board of Directors. The shares
will be acquired to the members of the Board of Directors within two weeks
following the release of the result of the second quarter of the year 2013. The
number of the remuneration shares will be determined based on the market
quotation of the shares at the time of purchase. The Annual General Meeting
further decided that EUR 1,000 will be paid as remuneration per meeting to the
chairman and EUR 500 per meeting will be paid to the other members of the
Board. The members of the Board of Directors will further be reimbursed for
reasonable travel and lodging costs. Travel and lodging costs will however not
be compensated to those members of the Board of Directors who reside in the
greater Helsinki area when the meetings are held in the greater Helsinki area.
The auditor's fees will be paid according to the auditor's invoice. 

The Annual General Meeting decided to authorize the Board of Directors, in one
or more transactions, to decide on the issuance of shares and the issuance of
options and other special rights entitling to shares referred to in Chapter 10
Section 1 of the Companies Act as follows: 

The number of shares to be issued based on the authorization may in total
amount to a maximum of 4,000,000 shares. 

The Board of Directors decides on all the terms and conditions of the issuances
of shares and of options and other special rights entitling to shares. The
authorization concerns both the issuance of new shares as well as the transfer
of treasury shares. The issuance of shares and of options and other special
rights entitling to shares referred to in Chapter 10 Section 1 of the Companies
Act may be carried out in deviation from the shareholders' pre-emptive rights
(directed issue). 

The authorization cancels the authorization given by the General Meeting on
December 20, 2011 to decide on the issuance of shares as well as the issuance
of special rights entitling to shares. The authorization is valid until June
30, 2015. 

The minutes of the Annual General Meeting are available on the company's
website at www.aspocomp.com/agm starting from 7 May 2013 at the latest. 

For further information, please contact Sami Holopainen, CEO,
tel. +358 20 775 6860, sami.holopainen(at)aspocomp.com.

ASPOCOMP GROUP PLC


Sami Holopainen
CEO

www.aspocomp.com


Aspocomp: Providing design flexibility

Aspocomp Group Plc provides services for the design and manufacture of
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