Ramirent - Decisions of general meeting

RESOLUTIONS PASSED AT RAMIRENT PLC’S ANNUAL GENERAL MEETING 2014

RAMIRENT PLC           COMPANY ANNOUNCEMENT                 26 March 2014 at
18:00 

Vantaa, Finland, 2014-03-26 17:00 CET (GLOBE NEWSWIRE) -- 





Ramirent Plc's Annual General Meeting, which was held today on 26 March 2014,
adopted the 2013 annual financial accounts and discharged the members of the
Board of Directors and the President and CEO from liability. The Annual General
Meeting decided on the payment of dividends, the composition of the Board of
Directors and their fees, the election of the auditor and his fee, the
authorisation of the Board of Directors to repurchase the Company's own shares
and the authorisation of the Board of Directors to decide on distribution of
additional dividend. 


Dividend payout

The Annual General Meeting adopted the Board's proposal that a dividend of EUR
0.37 per share be paid based on the adopted balance sheet for the financial
year ended on 31 December 2013. The dividend will be paid to shareholders
registered in the shareholders' register of the Company maintained by Euroclear
Finland Ltd on the record date for dividend payment 31 March 2014. It was
decided that the dividend be paid on 11 April 2013. 


Additional dividend payout

The Annual General Meeting adopted further the Board's proposal to decide at
its discretion on the payment of additional dividend based on the adopted
balance sheet for the financial year ended on 31 December 2013. The amount of
the additional dividend may not exceed EUR 0.63 per share. The potential
additional dividend will be paid to the shareholders registered in the
company's shareholders' register maintained by Euroclear Finland Ltd on the
record date decided by the Board of Directors. The Board of Directors shall
decide the date of payment of the dividend, which can at the earliest be the
5th banking day from the record date. All other terms and conditions connected
to the additional dividend will be decided by the Board of Directors. The
authorisation is valid until the next Annual General Meeting. 


Composition of the Board of Directors and their remuneration

The Annual General Meeting resolved that the number of members of the Board of
Directors is confirmed to be eight (8) and re-elected the Board members Kevin
Appleton, Kaj-Gustaf Bergh, Peter Hofvenstam, Erkki Norvio, Mats O Paulsson,
Susanna Renlund and Gry Hege Sølsnes, and elected as new Board member Ulf
Lundahl for the term that will continue until the end of the next Annual
General Meeting. 

The Annual General Meeting adopted the proposal that the remunerations of the
members of the Board of Directors would be unchanged as follows: for the
Chairman EUR 3,000 per month and additionally EUR 1,500 for attendance at board
and committee meetings and other similar board assignments; for the
Vice-Chairman EUR 2,500 per month and additionally EUR 1,300  for attendance at
board and committee meetings and other similar board assignments; and for the
members of the Board of Directors EUR 2,250 per month and additionally EUR
1,000  for attendance at board and committee meetings and other similar board
assignments. Travel expenses and other out-of-pocket expenses due to the board
work shall be compensated in accordance with the Company's established practice
and travel rules. 


Election of the auditor and the fee

The Annual General Meeting adopted the proposal that the number of auditors
shall be one (1) and re-elected PricewaterhouseCoopers Oy (“PWC”) as the
company's auditor with APA Ylva Eriksson as principally responsible auditor for
the term that will continue until the end of the next Annual General Meeting.
The auditor's compensation will be paid against an invoice as approved by the
Company. 


Repurchase of the Company's own shares

The Annual General Meeting authorised the Board of Directors to decide on the
repurchase of a maximum of 10,869,732 Company's own shares as proposed by the
Board of Directors. The authorisation also contains an entitlement for the
Company to accept its own shares as pledge. The share repurchase authorisation
is valid until the next Annual General Meeting. 



The minutes of the Annual General Meeting will be available on the Internet at
the company website www.ramirent.com by 9 April 2014. 



Helsinki, 26 March 2014



RAMIRENT PLC
THE BOARD OF DIRECTORS



FURTHER INFORMATION:
Marie Kjellerstedt, interim Head of Legal, tel. +46 8 624 95 09



DISTRIBUTION:
NASDAQ OMX Helsinki
Main news media
www.ramirent.com



Ramirent is More Than Machines. We are a leading rental equipment group
combining the best equipment, services and know-how into rental solutions that
simplify customer business. We serve a broad range of customers, including
construction and process industries, services, the public sector and
households. In 2013, the Group's net sales totalled EUR 647 million. The Group
has 2,600 employees at 304 customer centres in 10 countries in the Nordic
countries and in Central and Eastern Europe. Ramirent is listed on the NASDAQ
OMX Helsinki Ltd.