Glaston Oyj Abp - Company Announcement

Proposal of the Glaston Corporation’s Nomination Board on the remuneration of the Board of Directors

Helsinki, Finland, 2016-01-27 10:00 CET (GLOBE NEWSWIRE) -- Glaston Corporation
                     Stock Exchange Release                  27 January 2016 at
11.00 





Proposal of the Glaston Corporation’s Nomination Board on the remuneration of
the Board of Directors 

Remuneration of Members of the Board of Directors
The Nomination Board, established by Glaston Corporation’s Annual General
Meeting, proposes to the Annual General Meeting to be held on 5 April 2016 that
the remuneration of the Members of the Board of Directors remain unchanged and
that accordingly the annual remuneration of the Members of the Board of
Directors be as follows: Chairman of the Board EUR 40,000, Deputy Chairman of
the Board EUR 30,000 and the other Members of the Board EUR 20,000, and that
the meeting fees for each meeting of the Board of Directors that a Member of
the Board has attended be for the Chairman of the Board EUR 800 and for the
other Members of the Board EUR 500. In addition, it is proposed that each
Member of the Board be compensated for direct expenses arising from their work
for the Board of Directors. Furthermore, it was decided that the company will
continue to arrange voluntary pension insurance for Members of the Board based
on the above remuneration. 

Composition of the Board of Directors
The Nomination Board has had differing opinions on the number of members of the
Board of Directors and on the composition of the Board of Directors for the
term of office that expires at the end of the 2017 Annual General Meeting. The
Nomination Board has therefore decided not to submit a proposal on the number
of members and on the composition of the Board of Directors to the Annual
General Meeting. 

Nomination Board
The Nomination Board consists of the representatives of the four largest
shareholders and also, as an expert member, the Chairman of the Board of
Glaston Corporation. In accordance with the ownership situation on 1 September
2015, the Nomination Board of Glaston Corporation consists of: Ari Saarenmaa
(Oy G.W.Sohlberg Ab), Stefan Björkman (Etera Mutual Pension Insurance Company),
Jeppe Lahtinen (Hymy Lahtinen Oy), Mikko Koivusalo (Varma Mutual Pension
Insurance Company) and Andreas Tallberg (advisory member). The Nomination Board
made its proposal on the remuneration of the Members of the Board of Directors
unanimously. Andreas Tallberg did not participate in decision-making relating
to the Nomination Board’s proposal to the Annual General Meeting. 


For further information:
Taina Tirkkonen, General Counsel and SVP, HR, Glaston Corporation, tel. +358 10
500 500 
Ari Saarenmaa, Chairman of the Nomination Board, tel. +358 40 503 2053







GLASTON CORPORATION
Agneta Selroos
Communications Director



Glaston Corporation
Glaston is a leading company in glass processing technologies. We provide
high-quality heat treatment machines and services for architectural, solar,
appliance and automotive applications. We are committed to our customers’
success over the entire lifecycle of our offering. Moreover, we continuously
innovate and develop technologies to enable the glass processing industry to
reach ever higher standards in quality and safety. Glaston’s shares (GLA1V) are
listed on NASDAQ Helsinki Ltd. Further information is available at
www.glaston.net 

Distribution: NASDAQ Helsinki, key media, www.glaston.net