Cencorp - Company Announcement

SAVCOR GROUP´S PROPOSALS TO THE ANNUAL GENERAL MEETING OF CENCORP

CENCORP CORPORATION STOCK EXCHANGE RELEASE      April 23, 2014 at 17.25 Finnish
time 



SAVCOR GROUP´S PROPOSALS TO THE ANNUAL GENERAL MEETING OF CENCORP



Cencorp´s shareholder Savcor Group Oy, which represents approx. 40,6 percent of
the share capital of Cencorp has informed it will propose to the annual general
meeting, to be held on April 25, 2014 that 4 members will be elected to the
board of directors of Cencorp. MSc (economics) Sauli Kiuru will be elected as
new board member. Ma (education) Marjukka Karttunen, Industrial Counsellor
Hannu Savisalo and CEO Iikka Savisalo will continue as board members. 



MSc (economics) Sauli Kiuru (b. 1972) who is proposed as new board member,
works as Chairman of the Board of Gaselli Capital Oy and CEO of Siesta Group
Oy. Previously Mr. Kiuru has been working as CFO and board member of Barona
Group Oy, as auditor in KPMG and as secretary of the Auditor´s Committee of
Finnish Central Chamber of Commerce. Mr. Kiuru has wide experience concerning
board work in growth companies. Sauli Kiuru is the chairman of the board of
Siesta Group Oy, BiiSafe Oy and Stata Oy. He has been board member of Cencorp
previously in years 2006 - 2008. Gaselli Capital Oy which is controlled by Mr.
Kiuru owns 95,000,000 Cencorp shares, which represents approx. 11.1 percent of
the share capital of Cencorp. 



Savcor Group Oy has informed it will propose to the annual general meeting that
payments to the board members will stay in same level as previous year. 40.000
euros per year will be paid to the chairman and vice chairman of the board and
30.000 euros per year to the board members. Travel expenses will be paid in
accordance of Cencorp´s travelling policy. 



Annual general meeting of Cencorp will be held in Mikkeli at April 25, 2014.





In Mikkeli, April 23, 2014



CENCORP CORPORATION



For more information: Iikka Savisalo, President and CEO, Cencorp Oyj

Tel. +358 40 521 6082, Email: iikka.savisalo@cencorp.com



Distribution:

NASDAQ OMX, Helsinki

Main media

www.cencorp.com



Cencorp Corporation is a leading provider of industrial automation solutions.
The equipment in the product portfolio include, automated applications of
odd-form assembly and  depaneling for the electronic boards, testing equipment
and advanced materials processing by laser. All Cencorp's offering improves the
efficiency of the customers' production. Cencorp has clean technology,
especially photovoltaic (PV) solutions as its other business segment. Cencorp
now offers its automated manufacturing technology of the PV modules,
manufactures and sells photovoltaic modules, based on Cencorp´s own technology
as well as key components of photovoltaic modules. The product range also
includes EMI shielding solutions, RFID antennas, other flexible circuits
including for example conductive back sheets used in photovoltaic modules and
mobile phone antennas. Cencorp's head office is located in Mikkeli, Finland.
The company is part of the Finnish Savcor Group.