Efore - Decisions of extraordinary general meeting

DECISIONS OF THE EXTRAORDINARY GENERAL MEETING OF EFORE PLC

Espoo, 2013-08-27 08:00 CEST (GLOBE NEWSWIRE) -- EFORE PLC      Stock Exchange
Release         27 August 2013 at 9.00 a.m. 

Efore Plc's Extraordinary General Meeting was held in Helsinki on 26 August
2013. Altogether 47.0 per cent of all company shares and votes attended the
Meeting. Attorney-at-Law Mika Taberman served as the Chairman of the
Extraordinary General Meeting. 

ELECTION OF BOARD MEMBERS

The Extraordinary General Meeting decided, in accordance with the Board's
proposal, that the number of Board members shall be set at seven (7) instead of
the current five (5). Mr Francesco Casoli and Ms Päivi Marttila were elected as
the new members of the Board of Directors. 

Information about Mr Francesco Casoli and Ms Päivi Marttila is available on
Efore Plc's website at address www.efore.com. 

AUTHORISATION OF THE BOARD OF DIRECTORS TO DECIDE UPON A SHARE ISSUE AND THE
ISSUANCE OF OTHER SPECIAL RIGHTS ENTITLING TO SHARES 

The Extraordinary General Meeting authorised the Board of Directors to decide,
in one or more instalments, on the issuance of shares and other special rights
entitling to shares referred to in Chapter 10 Section 1 of the Finnish Limited
Liability Companies Act. 

The Extraordinary General Meeting decided that the number of shares to be
issued may amount to a maximum of 10,000,000 shares. 

The Extraordinary General Meeting authorised the Board of Directors to decide
upon all terms and conditions applicable to the issuances of shares and other
special rights entitling to shares. The authorisation concerns both the
issuance of new shares as well as the transfer of treasury shares. The issuance
of shares and options as well as other special rights entitling to shares
referred to in Chapter 10 Section 1 of the Finnish Limited Liability Companies
Act may be carried out in deviation from the shareholders' pre-emptive rights
(directed issue). 

The authorisation supersedes the authorisation granted by the Annual General
Meeting on 7 February 2013 to decide upon the issuance of shares and special
rights entitling to shares to the extent that the previous authorisation was
not used by 5 August 2013. 

The authorisation shall remain valid until 30 June 2014.

AUTHORISING THE BOARD OF DIRECTORS TO DECIDE ON THE ACQUISITION OF THE
COMPANY'S OWN SHARES 

The General Meeting decided, in accordance with the proposal of the Board of
Directors, to authorise the Board of Directors to decide upon the acquisition
of the company's own shares or their acceptance as pledge in one or more
instalments on the following terms and conditions: 

The amount of own shares to be acquired shall be a maximum of 4,777,000 shares,
constituting approximately 9.9% of all company shares. Shares in the company
may be acquired only by using the company's unrestricted equity. The shares may
be acquired in public trading arranged by NASDAQ OMX Helsinki Oy at the
prevailing market price on the date of acquisition, or at a price otherwise
dictated by the market. The Board of Directors decides on the manner in which
the said own shares are acquired or accepted as pledge. The acquisition may be
made using, inter alia, derivatives. Shares may be acquired otherwise than in
proportion to the holdings of the shareholders (directed acquisition). 

The authorisation shall remain valid until 30 June 2014. The authorisation
shall supersede the authorisation granted by the Annual General Meeting on 7
February 2013 to decide on the acquisition of the company's own shares. 

EFORE PLC

Board of Directors

For further information, please contact Mr Vesa Vähämöttönen, CEO, tel. +358 9
4784 6312. 

DISTRIBUTION

NASDAQ OMX Helsinki Oy
Principal media

Efore Group

The Efore Group is an international company that develops and produces
demanding power products. Efore's head office is based in Finland, and its
production units are located in China and Tunisia. Sales and marketing
operations are located in Europe, the United States and China. In the fiscal
year ending in October 2012, consolidated net sales totalled EUR 78.1 million,
and the Group's personnel averaged 888. The company's shares are quoted on
Nasdaq OMX Helsinki Oy. www.efore.fi