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2007-06-12 14:00:00 CEST 2007-06-12 14:00:00 CEST REGULATED INFORMATION Tamfelt Oyj Abp - Company AnnouncementMARTIN LILIUS TO ABSTAIN FROM HIS ACTIVITIES AS A MEMBER OF THE BOARDTAMFELT CORP. STOCK EXCHANGE RELEASE June 12, 2007 at 3:00 p.m. 1(1) MARTIN LILIUS TO ABSTAIN FROM HIS ACTIVITIES AS A MEMBER OF THE BOARD Mr. Martin Lilius, a member of the Board of Directors of Tamfelt Corp. has been served an application of summons demanding for the punishment of a discrepancy in interpreting an income distribution agreement of Disc Tavastia Ltd. The total value of the discrepancy is approximately 29,000 euros. Mr. Lilius denies the charge. Apart from that, he has however informed Tamfelt Corp. that he will abstain from his activities as a Board member until the District Court of Tampere has given its decision. The Board of Tamfelt Corp. states that the charge does not concern by any means Mr. Lilius' activities as a member of the Board of Tamfelt Corp., and that based on information received, no further action is needed. TAMFELT CORP. Board of Directors Jyrki Nuutila President and CEO Further information: Mr. Jyrki Nuutila, President and CEO, tel. +358 400 625 030 Tamfelt is one of the world's leading suppliers of technical textiles. The company's main products are paper machine clothing and filter fabrics. Tamfelt Group employs about 1,450 persons and its net sales were 155.0 million euro in the year 2006. Founded in 1797, the company is one of the pioneers of Finnish industry. The manufacturing of paper machine clothing started in 1882. Today Tamfelt is part of the state-of- the-art Finnish forest cluster. Jakelu Helsingin Pörssi Keskeiset tiedotusvälineet www.tamfelt.fi |
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