Sievi Capital Oyj - Decisions of general meeting

SIEVI CAPITAL PLC’S ANNUAL GENERAL MEETING, 8 APRIL 2014

SIEVI CAPITAL PLC STOCK EXCHANGE RELEASE 8 APRIL 2014 4:10 P.M.


SIEVI CAPITAL PLC'S ANNUAL GENERAL MEETING, 8 APRIL 2014

SIEVI CAPITAL plc's Annual General Meeting has in its meeting on 8 April 2014
confirmed the Financial Statements for 2013 and discharged the Board of
Directors and the CEO from liability. 

According to Board of Directors' proposal The Annual General Meeting decided to
distribute a dividend total of EUR 0.05 per share. The record date for the
payment of dividend is 11 April 2014 and the date of payment of the dividend is
23 April 2014. 

The Meeting resolved that the Board of Directors consists of three Members and
one Debuty Member. Asa-Matti Lyytinen and Jonna Tolonen were re-elected as
members of the Board of Directors, Mr Seppo Laine was elected as a new member
of Board of Directors. Jorma J. Takanen was elected as a Debuty Member. The
meeting resolved that the remuneration of Chairman of the Board of Directors is
EUR 1,500/month and remuneration of a member of the Board of Directors is EUR
1,000/month. 

The remuneration for the auditor shall be paid against the auditor's reasonable
invoice. The company's auditor is KPMG Oy AB, a company of Authorised Public
Accountants, and the main auditor is Authorised Public Accountant Antti
Kääriäinen. The auditor is appointed for an indefinite term. 

In it's meeting, held after the General Meeting, the Board of Directors elected
Asa-Matti Lyytinen as the Chairman of the Board of Directors. 

The Meeting decided according to the Board of Directors' proposal to authorize
the Board of Directors to decide on the acquisition of the Company's own shares
with distributable assets. 

The maximum number of the shares to be repurchased shall not exceed 3,000,000
shares. Company shares will be purchased with funds from the company's
non-restricted equity, in which case the acquisition will decrease the
company's distributable non-restricted equity. 

Shares will be purchased in another proportion than that of the holdings of the
current shareholders. Purchasing will take place through public trading
arranged by NASDAQ OMX Helsinki Oy. The shares will be purchased at the fair
value established in public trading at the time of acquisition. 

The authorization cancels the authorization given in the Annual General Meeting
on 18 April 2013 to repurchase the company's own shares. The authorization will
remain in force for 18 months after it is issued. 

The Meeting decided to authorize the Board of Directors to decide on granting
option rights to specific key people of the company and its subsidiaries. The
total number of option rights is 300,000 and they entitle the key personnel to
subscribe for a combined total of 300,000 of the company's new shares or shares
in its possession. 

The subscription price of shares subscribed with option rights is based on the
trading volume weighted by the Company's average share price on the NASDAQ OMX
Helsinki Oy in March 2014, 2015, and 2016. The subscription period for option
right 2014A is 1 May 2017 - 30 April 2019, option right 2014B is 1 May 2018 -
30 April 2020 and option right 2014C 1 May 2019 - 30 April 2021. Commencement
of the subscription period requires that the production or financial goals
defined annually by the Board are met. Terms of the Option Scheme as a whole
are available on the company's website at:
www.sievicapital.fi/investors/generalmeeting2014. 

The minutes of the Annual General Meeting will be available on the company's
website, www.sievicapital.com, as of 22 April 2014 latest. 



SIEVI CAPITAL PLC

Harri Takanen
CEO


Additional information:
CEO Harri Takanen
tel +358 8 4882 250


Distribution NASDAQ OMX, Helsinki
Major Media
www.sievicapital.com