Aspocomp Group - Notice to general meeting

NOTICE TO THE ANNUAL GENERAL MEETING OF ASPOCOMP GROUP PLC

Espoo, Finland, 2014-03-31 08:00 CEST (GLOBE NEWSWIRE) -- 
Aspocomp Group Plc, Notice to convene AGM, March 31, 2014 at 9:00 a.m.

Notice is given to the shareholders of Aspocomp Group Plc. to the Annual
General Meeting to be held on Thursday, 24 April 2014 at 10 a.m. (EET), address
Keilaranta 1, 1st floor Auditorium, Espoo, Finland. The reception of persons
who have registered for the meeting will commence at 9.30 a.m. (EET). 


A. MATTERS ON THE AGENDA OF THE ANNUAL GENERAL MEETING

At the Annual General Meeting, the following matters will be handled:

1. Opening of the meeting

2. Calling the meeting to order

3. Election of persons to scrutinize the minutes and to supervise the counting
of votes 

4. Recording the legality of the meeting

5. Recording the attendance at the meeting and adoption of the list of votes

6. Presentation of the annual accounts, the consolidated annual accounts, the
report of the Board of Directors and the auditor's report for the year 2013 

- Review by the CEO

7. Adoption of the annual accounts and the consolidated annual accounts

8. Resolution on the use of the profit shown on the balance sheet

The Board of Directors proposes to the Annual General Meeting that the parent
company's profit for the financial period of EUR 2,074,898.95 shall be
transferred to the accrued earnings account, and that no dividend is paid. 

9. Resolution on the discharge from liability of the members of the Board of
Directors and the CEO 

10. Resolution on the remuneration of the members of the Board of Directors

The Board of Directors proposes to the Annual General Meeting that the chairman
of the Board of Directors be paid EUR 30,000 and the other members be paid EUR
15,000 each in remuneration for their term of office. The Board of Directors
proposes that approximately 60% of such remuneration be paid in cash and that
the other approximately 40% be paid in shares of the company. According to the
proposal, the remuneration shares would be acquired by a broker on behalf and
in the name of the members of the Board of Directors and the company would pay
the purchase of the shares to the members of the Board of Directors. The shares
would be acquired to the members of the Board of Directors within two weeks
following the release of the result of the second quarter of the year 2014. The
number of the remuneration shares would be determined based on the market
quotation of the shares at the time of purchase. The Board of Directors further
proposes that EUR 1,000 per meeting to the chairman and EUR 500 per meeting to
the other members of the Board of Directors would be paid as meeting
remuneration. The Board of Directors also proposes that the members of the
Board of Directors be reimbursed for reasonable travel and lodging costs.
Travel and lodging costs would not be compensated to those members of the Board
of Directors who reside in the greater Helsinki area when the meetings are held
in the greater Helsinki area. 

Shareholder Mr. Leo Majuri proposes that the Chairman of the Board be paid EUR
25,500 and the other members EUR 12,750 each in remuneration for their term of
office. Mr. Majuri proposes the same payment method as the Board of Directors
above. Mr. Majuri further proposes that EUR 850 per meeting to the chairman and
EUR 425 per meeting to the other members of the Board of Directors would be
paid as meeting remuneration. 

11. Resolution on the number of members of the Board of Directors

The Board of Directors proposes to the Annual General Meeting that four (4)
members be elected to the Board of Directors. 

12. Election of members of the Board of Directors

The Board of Directors proposes to the Annual General Meeting that the
following current members of the Board of Directors be re-elected according to
their consents: Mr. Johan Hammarén, Mr. Tuomo Lähdesmäki, Ms. Päivi Marttila
and Mr. Kari Vuorialho. In accordance with the Articles of Association of the
company, the term of office of the members of the Board of Directors ends at
the closing of the Annual General Meeting following the election. 

13. Resolution on the remuneration of the auditor

The Board of Directors proposes to the Annual General Meeting that the
auditor's fees be paid according to the auditor's invoice. 

14. Election of auditor

The Board of Directors proposes to the Annual General Meeting that
PricewaterhouseCoopers Oy, Authorized Public Accountants be re-elected as the
company's auditor. PricewaterhouseCoopers Oy has notified that Mr. Markku
Katajisto, Authorized Public Accountant, will act as the principal auditor. In
accordance with the Articles of Association of the company, the term of office
of the auditor ends at the closing of the Annual General Meeting following the
election. 

15. Closing of the meeting


B. DOCUMENTS OF THE ANNUAL GENERAL MEETING

The aforementioned proposals of the Board of Directors relating to the agenda
of the Annual General Meeting as well as this notice are available on the
company's website at www.aspocomp.com/agm starting from March 31, 2014. The
annual report of the company, including the company's annual accounts, the
consolidated annual accounts, the report of the Board of Directors and the
auditor's report, has been available on the company's website at
www.aspocomp.com/reports as of March 13, 2014. The proposals of the Board of
Directors and the annual report, including the annual accounts documents, are
also available at the Annual General Meeting. The minutes of the Annual General
Meeting will be available at www.aspocomp.com/agm no later than May 8, 2014. 


C. INSTRUCTIONS FOR THE PARTICIPANTS IN THE ANNUAL GENERAL MEETING

1. The right to participate and registration

Each shareholder who is registered on April 10, 2014 in the shareholders'
register of the company held by Euroclear Finland Ltd., has the right to
participate in the Annual General Meeting. A shareholder, whose shares are
registered on his/her/its personal Finnish book-entry account, is registered in
the shareholders' register of the company. 

A shareholder, who wants to participate in the Annual General Meeting, shall
register for the meeting within the period March 31, 2014 - April 17, 2014. The
registration must be available at the company at the latest on Thursday, April
17, 2014 by 4 p.m. (EET). 

Such notice can be given:

a) by e-mail at the address yhtiokokous(at)aspocomp.com,
b) by telephone at number +358 40 820 3352 on weekdays between 8 a.m. and 4
p.m. (EET), or 
c) by regular mail to Aspocomp Group Plc., Keilaranta 1, 02150 Espoo, Finland.

In connection with the registration a shareholder shall notify his/her /its
name, personal identification number, address, telephone number and the name of
a possible assistant or proxy representative and the personal identification
number of a proxy representative. The personal data given to Aspocomp Group
Plc. is used only in connection with the Annual General Meeting and the
processing of related necessary registrations. 

2. Holders of nominee registered shares

A holder of nominee registered shares has the right to participate in the
Annual General Meeting by virtue of shares based on which he/she/it on the
record date of the meeting, i.e. on April 10, 2014, would be entitled to be
registered in the shareholders' register of the company held by Euroclear
Finland Ltd. The right to participate in the Annual General Meeting requires,
in addition, that the shareholder has on the basis of such shares been
registered into the temporary shareholders' register of the company held by
Euroclear Finland Ltd. at the latest on April 17, 2014 by 10.00 a.m. (EET). As
regards nominee registered shares this constitutes due registration for the
Annual General Meeting. 

A holder of nominee registered shares is advised without delay to request
necessary instructions regarding the registration in the temporary
shareholder's register of the company, the issuing of proxy documents and
registration for the Annual General Meeting from his/her/its custodian bank.
The account management organization of the custodian bank has to register a
holder of nominee registered shares, who wants to participate in the Annual
General Meeting, into the temporary shareholders' register of the company at
the latest on April 17, 2014 by 10.00 a.m. (EET). 

3. Proxy representative and powers of attorney

A shareholder may participate in the Annual General Meeting and exercise
his/her/its rights at the meeting by way of proxy representation. 

A proxy representative shall produce a dated proxy document or otherwise in a
reliable manner demonstrate his/her right to represent the shareholder at the
Annual General Meeting. When a shareholder participates in the Annual General
Meeting by means of several proxy representatives representing the shareholder
with shares at different securities accounts, the shares by which each proxy
representative represents the shareholder shall be identified in connection
with the registration for the Annual General Meeting. 

Possible proxy documents should be delivered in originals to Aspocomp Group
Plc., Keilaranta 1, 02150 Espoo, Finland before the end of the registration
period. 

4. Other instructions and information

Pursuant to Chapter 5 Section 25 of the Finnish Companies Act, a shareholder
who is present at the Annual General Meeting has the right to request
information with respect to the matters to be handled at the meeting. 

On the date of the notice to the Annual General Meeting, March 31, 2014, the
total number of shares and votes in Aspocomp Group Plc. is 6,406,505. The
company does not have treasury shares in its possession. 


In Espoo, March 31, 2014

ASPOCOMP GROUP PLC.

THE BOARD OF DIRECTORS


For further information, please contact Sami Holopainen, CEO,
tel. +358 20 775 6860, sami.holopainen(at)aspocomp.com.

www.aspocomp.com


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