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2017-04-11 15:22:36 CEST 2017-04-11 15:22:36 CEST REGLERAD INFORMATION Ponsse Oyj - Decisions of general meetingDECISIONS OF PONSSE PLC'S ANNUAL GENERAL MEETING
Financial statements
Dividend
Board of Directors The AGM confirmed the annual remuneration payable to the Chairman of the Board as EUR 46,000, the remuneration payable to the Vice Chairman as EUR 41,000 and the remuneration payable to other members as EUR 35,000. At a Board meeting held after the AGM, Juha Vidgrén was elected Chairman of the Board and Mammu Kaario was elected Vice Chairman.
Auditor
Authorisation of the Board of Directors to decide on the acquisition of treasury shares The shares will be acquired in public trading organised by Nasdaq Helsinki (“the Stock Exchange”). Furthermore, they will be acquired and paid according to the rules of the Stock Exchange and Euroclear Finland Ltd. The Board may, pursuant to the authorisation, only decide upon the acquisition of treasury shares using the company’s unrestricted shareholders’ equity. The authorisation is required for supporting the company’s growth strategy in the company's potential mergers and acquisitions or other arrangements. In addition, shares can be distributed to the company’s current shareholders, used for increasing shareholders’ ownership value by invalidating shares after their acquisition or used in personnel incentive systems. The authorisation includes the right of the Board to decide upon all other terms and conditions in the acquisition of treasury shares. The authorisation is proposed to be valid until the next Annual General Meeting; however, no later than 30 June 2018. The previous authorisations are cancelled.
Authorisation of the Board of Directors to decide on share issues by assigning treasury shares The authorisation includes the right of the Board to decide upon all other terms and conditions of the share issue. Thus, the authorisation includes the right to organise a special issue in deviation of the shareholders' subscription rights under the conditions prescribed by law. The authorisation is proposed for use in supporting the Company’s growth strategy in the Company's potential corporate acquisitions or other arrangements. In addition, the shares can be issued to the Company’s current shareholders, sold through public trading or used in personnel incentive systems. The authorisation is proposed to be valid until the next Annual General Meeting; however, no later than 30 June 2018. The previous authorisations are cancelled.
Profit bonus to personnel
Minutes of the meeting Vieremä, 11 April 2017
PONSSE PLC
FURTHER INFORMATION
DISTRIBUTION Ponsse Plc specialises in the sales, production, maintenance and technology of cut-to-length method forest machines and is driven by genuine interest in its customers and their business operations. Ponsse develops and manufactures sustainable and innovative harvesting solutions based on customers’ needs. The company was established by forest machine entrepreneur Einari Vidgrén in 1970, and it has been a leader in timber harvesting solutions based on the cut-to-length method ever since. Ponsse is headquartered in Vieremä, Finland. The company’s shares are quoted on the NASDAQ OMX Nordic List. |
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