Rapala VMC - Decisions of general meeting

RAPALA VMC CORPORATION - DECISIONS OF RAPALA VMC CORPORATION'S ANNUAL GENERAL MEETING ON APRIL 1, 2016

Rapala VMC Corporation
Stock Exchange Release
April 1, 2016 at 3:00 p.m.


DECISIONS OF RAPALA VMC CORPORATION'S ANNUAL GENERAL MEETING ON APRIL 1, 2016

The Annual General Meeting (AGM) of Rapala VMC Corporation adopted the financial
statement of the financial year 2015 and discharged the members of the Board of
Directors and the CEO from the liability for the financial year that ended on
December 31, 2015.



The AGM approved the Board of Director's proposal that a dividend of EUR 0.15
per share is paid. The dividend will be paid on April 12, 2016 to the
shareholders who on the record date of April 5, 2016 are registered as
shareholders in the company's shareholders' register kept by the Euroclear
Finland Ltd.



The AGM approved that the Board of Directors consists of six members. Jorma
Kasslin, Eero Makkonen, Marc Speeckaert, Christophe Viellard, Emmanuel Viellard
and Julia Aubertin were re-elected as board members. The AGM resolved that the
annual fee paid to each Board member is EUR 30 000 and EUR 80 000 to the
Chairman of the Board. Board members are paid EUR 1 000 per meeting for
attendance at board and its committee meetings.



Ernst & Young Oy, accountant firm, was appointed as Rapala VMC Corporation's
auditor.



In accordance with the Board of Directors' proposal, the AGM authorized the
Board of Directors to resolve to repurchase a maximum of 2 000 000 own shares by
using funds in the unrestricted equity. The proposed number of shares
corresponds to less than 10 per cent of all shares in the company. The shares
may be repurchased to develop the company's capital structure. In addition, the
shares may be repurchased to finance or carry out business acquisitions or other
arrangements, to settle the company's equity-based incentive plans, to be
transferred for other purposes, or to be cancelled. The shares may be
repurchased in deviation from the proportion of the shares held by the
shareholders. The shares will be repurchased through public trading arranged by
NASDAQ Helsinki Oy at the market price of the acquisition date. The shares will
be acquired and paid in pursuance of the rules of NASDAQ Helsinki Oy and
applicable rules regarding the payment period and other terms of the payment.
The authorization is in force until the end of the next Annual General Meeting,
however, no longer than until June 30, 2017.



The Board of Directors of Rapala VMC Corporation has April 1, 2016 elected
Emmanuel Viellard as the Chairman of the Board of Directors.





RAPALA VMC CORPORATION



Jorma Kasslin

Chief Executive Officer





For further information, please contact:
Olli Aho, Company Counsel, tel. +358 9 7562 540

Distribution: Nasdaq Helsinki and main media

Rapala VMC Corporation ("the Group") is a leading fishing tackle company and the
global market leader in fishing lures, treble hooks and fishing related knives
and tools. The Group also has a strong global position in other fishing
categories and it is one of the leading distributors of outdoor, hunting and
winter sport products in the Nordic countries. The Group has the largest
distribution network in the industry. The main manufacturing facilities are
located in Finland, France, Estonia, Russia, China, Indonesia and the UK. The
Group brand portfolio includes the leading brand in the industry, Rapala, and
other global brands like VMC, Sufix, Storm, Blue Fox, Luhr Jensen, Williamson,
Dynamite Baits, Mora Ice, StrikeMaster, Marttiini and Peltonen. The Group, with
net sales of EUR 278 million in 2015, employs some 3 200 people in 39 countries.
Rapala VMC Corporation's share is listed and traded on the Nasdaq Helsinki stock
exchange since 1998.

[HUG#1999778]

Attachments:

Stock exchange release.pdf