Glaston Oyj Abp - Company Announcement

Proposal of Glaston Corporation’s Nomination Board on the number of Members of the Board of Directors and the composition and remuneration of the Board of Directors

Helsinki, Finland, 2015-01-30 09:00 CET (GLOBE NEWSWIRE) -- Glaston Corporation
Stock Exchange Release    30.1.2015 at 10.00 



Proposal of Glaston Corporation's Nomination Board on the number of Members of
the Board of Directors and the composition and remuneration of the Board of
Directors 

The Nomination Board, established by Glaston Corporation's Annual General
Meeting, proposes to the Annual General Meeting to be held on 26 March 2015
that the number of Members of the Board of Directors be confirmed as six. 

Composition of the Board of Directors
The Nomination Board proposes that the company's present Members of the Board
of Directors, Andreas Tallberg, Teuvo Salminen, Claus von Bonsdorff, Pekka
Vauramo, Anu Hämäläinen and Kalle Reponen, be re-elected as Members of the
Board of Directors for a term of office that expires at the end of the 2016
Annual General Meeting. 

Information on the proposed Members of the Board can be found on Glaston's
website www.glaston.net/Investors/Corporate Governance/Board of Directors. All
candidates have given their consent to their candidature. 

Remuneration of Members of the Board of Directors
The Nomination Board proposes that the annual remuneration of the Members of
the Board of Directors remain unchanged and that accordingly the annual
remuneration of the Members of the Board of Directors be as follows: Chairman
of the Board EUR 40,000, Deputy Chairman of the Board EUR 30,000 and the other
Members of the Board EUR 20,000  and that the meeting fees for each meeting of
the Board of Directors that a Member of the Board has attended be for the
Chairman of the Board EUR 800 and for the other Members of the Board EUR 500.
In addition, it is proposed that each Member of the Board be compensated for
direct expenses arising from their work for the Board of Directors.
Furthermore, it was decided to propose that the company will continue to
arrange voluntary pension insurance for Members of the Board based on the above
remuneration. 

Nomination Board
The Nomination Board consists of the representatives of the four largest
shareholders and also, as an advisory member, the Chairman of the Board of
Glaston Corporation. The largest shareholders were determined according to the
ownership situation on 1 September 2014. The Nomination Board that made the
proposals to the 2015 Annual General Meeting consists of: Jari Puhakka (Etera
Mutual Pension Insurance Company), Ari Saarenmaa (Oy G.W.Sohlberg Ab), Mikko
Koivusalo (Varma Mutual Pension Insurance Company), Kimmo Viertola (Finnish
Industry Investment Ltd) and Chairman of the Board Andreas Tallberg (advisory
member). 

The Nomination Board made all of its proposals unanimously. Chairman of the
Board Andreas Tallberg did not participate in decision-making when the
Nomination Board made its proposal on the number of Members of the Board and
the Board of Director's composition and remuneration. 

Further information:
Taina Tirkkonen,  General Counsel and SVP, HR, Glaston Corporation, tel. +358
10 500 500 




GLASTON CORPORATION
Agneta Selroos
Director, Communications and Marketing


Glaston Corporation
Glaston is a global company developing glass processing technology for
architectural, solar, appliance and automotive applications. Our product
portfolio ranges from pre-processing and safety glass machines to services. We
are dedicated to our customers' continued success and provide services for all
glass processing needs with a lifecycle-long commitment in mind. For more
information, please visit www.glaston.net. Glaston's share (GLA1V) is listed on
the NASDAQ OMX Helsinki Small Cap List. 

Distribution: NASDAQ OMX Helsinki, key media, www.glaston.net