Aspocomp Group - Decisions of general meeting

DECISIONS OF THE ANNUAL GENERAL MEETING 2014 OF ASPOCOMP GROUP PLC

Espoo, Finland, 2014-04-24 11:15 CEST (GLOBE NEWSWIRE) -- 
Aspocomp Group Plc, Decisions of Annual General Meeting, April 24, 2014 at
12:15 p.m. 

The Annual General Meeting of Aspocomp Group Plc held on 24 April 2014 adopted
the annual accounts and the consolidated annual accounts for the financial
period 2013 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 2013. 

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, Ms. Päivi Marttila, and Mr.
Kari Vuorialho for a term of office ending at the closing of the following
Annual General Meeting. The Annual General 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 2014. 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 minutes of the Annual General Meeting are available on the company's
website at www.aspocomp.com/agm starting from May 8, 2014 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 - PCB technology company

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