Ramirent - Company Announcement

RAMIRENT HAS RECEIVED A NOTIFICATION FROM ITS TWO MAIN SHAREHOLDERS ON PROPOSAL FOR NEW BOARD COMPOSITION AND RENUMERATION

RAMIRENT PLC        COMPANY ANNOUNCEMENT     5 FEBRUARY 2015 at 16:30

Vantaa, Finland, 2015-02-05 15:15 CET (GLOBE NEWSWIRE) -- 



Ramirent has received notification from the shareholders Nordstjernan AB and Oy
Julius Tallberg Ab, who together represent approximately 40 % of the shares and
voting rights carried by Ramirent's shares that they will propose the following
to the Annual General Meeting 2015 for the new term that will continue until
the end of the next Annual General Meeting of shareholders: 

1. The number of members of the Board of Directors shall be seven (7).

2. The current members of the Board of Directors Kevin Appleton, Kaj-Gustaf
Bergh, Ulf Lundahl, Mats O Paulsson, and Susanna Renlund shall be re-elected.
Peter Hofvenstam (member since 2004), Erkki Norvio (member since 1986) and Gry
Hege Sølsnes (member since 2011) have declined to be re-elected. Instead,
Anette Frumerie and Tobias Lönnevall are proposed to be elected. 

Anette Frumerie is the CEO of Besqab, a Swedish developer of housing and
residential areas. She has more than 20 years' experience from the construction
sector through senior positions such as Business Unit President at Skanska and
Business Region Manager and member of the Group Management Team at JM. Anette
holds a Master of Science from the Royal Institute of Technology, Stockholm. 

Tobias Lönnevall is an Investment Manager and member of the rental team at
Nordstjernan. He has extensive experience of business development, finance and
M&A from positions such as Chairman, acting CEO, Project Manager, Finance
Manager and Management Consultant. Tobias holds a Master of Science from the
Stockholm School of Economics. 

The presentation of the persons proposed for Ramirent Plc's Board of Directors
can be found on the Company's website www.ramirent.com/agm. All candidates have
given their consent to the election. 


3. The remuneration per Board member is proposed to be as follows:

• Chairman: Monthly remuneration of 3,800 EUR (3,000 EUR last term) and
additionally 1,600 EUR (1,500 EUR last term) for attendance at Board and
Working committee meetings and other similar Board assignments. 

• Vice Chairman: Monthly remuneration of 2,500 EUR (2,500 EUR last term) and
additionally 1,300 EUR (1,300 EUR last term) for attendance at Board and
Working committee meetings and other similar Board assignments. 

• Board members: Monthly remuneration of 2,250 EUR (2,250 EUR last term) and
additionally 1,000 EUR (1,000 EUR last term) for attendance at Board and
Working 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. 

Other proposals will be published in the Notice of the Annual General Meeting.


Vantaa, 5.2.2015


RAMIRENT PLC

Magnus Rosén
President and CEO


FURTHER INFORMATION
Tomas Billing, President, Nordstjernan AB, Telephone: +46 (0)8 788 50 18


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

RAMIRENT - 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, Group sales totalled EUR 647 million. The Group has 2,600
employees at 302 customer centres in 10 countries in the Nordic countries and
in Central and Eastern Europe. Ramirent is listed on the NASDAQ OMX Helsinki
Ltd.