Aspocomp Group - Decisions of general meeting

DECISIONS BY THE ANNUAL GENERAL MEETING 2012 OF ASPOCOMP GROUP PLC

Espoo, Finland, 2012-04-26 13:35 CEST (GLOBE NEWSWIRE) -- 
Aspocomp Group Plc, Company Announcement 26 April 2012 at 2:35 p.m.

The Annual General Meeting of Aspocomp Group Plc held on 26 April 2012 adopted
the annual accounts and the consolidated annual accounts for the financial
period 2011 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 2011. 

The Annual General Meeting decided to set the number of Board members at three
(3) and re-elected the current members of the Board, Johan Hammarén, Tuomo
Lähdesmäki, and Kari Vuorialho, 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. 60% of such remuneration will be paid in
cash and the other 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 2012. 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 approved by the Board of Directors. 

The minutes of the Annual General Meeting are available on the company's
website at www.aspocomp.com/agm starting from 10 May 2012 at the latest. 


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

ASPOCOMP GROUP OYJ


Sami Holopainen

President and CEO


www.aspocomp.com


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