Ixonos - Decisions of general meeting

The decisions of the Annual General Meeting of Ixonos Plc on 29 March 2011

Helsinki, Finland, 2011-03-29 16:00 CEST (GLOBE NEWSWIRE) -- Ixonos Plc        
 Stock Exchange Release          29 March 2011 at 17:00 


THE DECISIONS OF THE ANNUAL GENERAL MEETING OF IXONOS PLC ON 29 MARCH 2011

The Annual General Meeting of Ixonos Plc on 29 March 2011 adopted the company's
and Ixonos Group's financial statement for the financial period 1 January - 31
December 2010 and granted discharge from liability to the Members of the Board
of Directors and the CEO. 

Payment of dividend

The Annual General Meeting decided not to distribute dividend for the financial
year. 

The number of Members of the Board of Directors

The Annual General Meeting confirmed six (6) as the number of Board members;
the number was previously eight (8). 

The composition of the Board of Directors

The Meeting re-elected Paul Ehrnrooth, Pertti Ervi, Matti Järvinen and
Kirsi-Marja Kuivalainen as members of the Board, and elected Matti Heikkonen
and Samu Konttinen as new Board members. 

At its meeting following the Annual General Meeting, the Board of Directors
elected Pertti Ervi as Chairman of the Board and Paul Ehrnrooth as Deputy
Chairman. Accordingly, the members of the committees of the Board were selected
in the meeting: Pertti Ervi as Chairman of the Audit Committee and Paul
Ehrnrooth and Matti Järvinen as its members; Pertti Ervi as Chairman of the
Compensation Committee and Paul Ehrnrooth and Kirsi-Marja Kuivalainen as its
members; and Paul Ehrnrooth and Pertti Ervi as members of the Nomination
Committee. 

Remuneration of the members of Board of Directors

The General Meeting decided that the remuneration payable to the Chairman of
the Board is EUR 40,000 per year and EUR 500 per meeting, to the Deputy
Chairman of the Board EUR 30,000 per year and EUR 250 per meeting, and to other
Members EUR 20,000 per year and EUR 250 per meeting. In addition, the Meeting
decided that remuneration for the meetings of the Board Committees is EUR 500
per meeting for the Chairman of the Committee and EUR 250 per meeting for the
members of the committees. 

Auditor

Authorized Public Accounting firm PricewaterhouseCoopers Oy, was elected as the
company's auditor , with Authorized Accountant Markku Katajisto as principal
auditor. It was decided that reasonable auditor's fees are paid against
invoice. 

Repeal of section 9 of the Articles of Association

The General Meeting approved the proposal of the Board of Directors that
section 9 of the company's Articles of Association (which lays down provisions
on the obligation to redeem shares) may be repealed and removed. 

Board authorisations

The General Meeting authorised the Board of Directors to decide on a rights
issue, as well as on issuing stock options and other special rights entitling
to shares pursuant to chapter 10, section 1 of the Limited Liability Companies
Act (624/2006), under the following terms: 

The number of shares to be issued under the authorisation may not exceed
1,500,000, which is equivalent to approximately 10 per cent of all company
shares at the time of convening the Annual General Meeting. 

Within the limits of the authorisation, the Board of Directors is entitled to
decide on all terms of the rights issue and of the issue of special rights
entitling to shares. 

The Board of Directors was authorised to decide on crediting the subscription
price to the share capital or, either completely or partly, to the invested
non-restricted equity fund. 

The rights issue and the issue of special rights entitling to shares may also
be directed in a way that deviates from the pre-emptive right of shareholders,
if a weighty financial reason for this exists as laid out in the Limited
Liability Companies Act. In such a case, the authorisation may be used to
finance corporate acquisitions or other investments related to the company's
operations, to maintain and improve the Group's solvency or as part of the
company's incentive plan. 

The authorisation is effective until the Annual General Meeting 2012.

IXONOS PLC
Board of Directors

Additional information:
Ixonos Plc, CEO, Kari Happonen, tel. +358 400 700 761, kari.happonen@ixonos.com


Distribution:
OMX Nordic Exchange Helsinki
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