Finnlines - Company Announcement

FINNLINES PLC DECISIONS OF THE ANNUAL GENERAL MEETING

Helsinki,Finland, 2012-04-17 12:45 CEST (GLOBE NEWSWIRE) -- Finnlines Plc      
  Stock Exchange Release                      17 April, 2012 at 13.45 





Decisions of the Annual General Meeting





The Annual General Meeting of Finnlines Plc approved the Financial Statements
and discharged the company's officers from liability for the financial year
2011. 



It was decided to accept the proposal of the Board of Directors that no
dividend shall be paid for the year 2011. 



The meeting decided that the number of Board Members be seven. Five of the
current Board Members were re-elected; Mr Emanuele Grimaldi, Mr Gianluca
Grimaldi, Mr Diego Pacella, Mr Olav K Rakkenes and Mr Jon-Aksel Torgersen. In
addition Mr. Christer Backman and Ms. Tiina Bäckman were elected as the new
Board Members. The yearly compensation to the Board will remain unchanged as
follows: the Chairman EUR 50,000, the Vice-Chairman EUR 40,000 and the Member
EUR 30,000. 



The Annual General Meeting re-elected Deloitte & Touche Oy as the Company's
auditor for the fiscal year 2012. It was decided that the external auditors
will be reimbursed according to invoice. 



It was decided to authorize the Board of Directors to resolve on the issuance
of shares in one or several tranches. The Board of Directors may, on the basis
of the authorization, resolve on the issuance of shares in one or several
tranches, so that the aggregate number of shares to be issued shall not exceed
20,000,000 shares. The Board of Directors decides on all the conditions of the
issuance of shares. The issuance of shares may be carried out in deviation from
the shareholders' pre-emptive rights (directed issue). The authorization is
valid until the next Annual General Meeting. The authorization replaces the
Annual General Meeting's authorization to decide on a share issue of 19 April,
2011. 



Finnlines Plc





Seija Turunen                    Tapani Voionmaa

CFO and Deputy CEO               Group General Counsel





Distribution

- Nasdaq OMX Helsinki Ltd

- Main media