Talentum Oyj - Decisions of general meeting

TALENTUM'S ANNUAL GENERAL MEETING

Helsinki, Finland, 2011-04-01 16:20 CEST (GLOBE NEWSWIRE) -- TALENTUM OYJ      
   COMPANY ANNOUNCEMENT APRIL 1, 2011 AT 5.20 PM 

TALENTUM'S ANNUAL GENERAL MEETING

The Annual General Meeting of Talentum Oyj was held on April 1, 2011. 57.7% of
shares were represented. 

1
The Annual General Meeting approved the financial statements for the financial
year January 1 - December 31, 2010 and discharged the Board of Directors and
the Managing Director from liability. 

2
The Annual General Meeting decided according to the Board proposal, that no
dividend is to be distributed for the financial period from January 1, 2010 to
December 31, 2010. 

The Annual General Meeting decided according to the Board proposal, that the
retained loss will be covered by the invested unrestricted equity fund. 

The Annual General Meeting decided according to the Board proposal, that assets
shall be distributed 0.02 euro per share from the invested non-restricted
equity reserve. The record date is April 6, 2011 and the date of payment is
April 13, 2011. 

3
The Annual General Meeting decided the number of the members of the Board of
Directors to be six. As members of the Board of Directors were re-elected
Joachim Berner, MBA, BBA; Atte Palomäki, Group Vice President Corporate
Communications; Merja Strengell, M.Sc. (Eng.) and Kai Telanne, President and
CEO. Aarne Aktan, CEO, and Henri Österlund, CEO, were elected as new members. 

Kai Telanne was elected the Chairperson of the Board and Merja Strengell the
Deputy Chairperson. 

The Annual General Meeting resolved the compensation of the Board of Directors
to remain unchanged and is as follows: Chairperson of the Board EUR 4000/month,
Deputy Chairperson EUR 2500/month, Member EUR 2000/month. 

4
Authorized Public Accountant firm PricewaterhouseCoopers Oy was re-elected as
the auditor, with Juha Wahlroos, APA, as the responsible auditor. 

5
The Annual General Meeting decided to authorize The Board of Directors to
decide on acquisition of Talentum Oyj's own shares a maximum of 3,500,000
shares, which correspond to approximately eight (8) per cent of the issued
shares of the company. The authorization remains in force until June 30, 2012. 

6
The Annual General Meeting decided to authorize the Board of Directors to
decide on a share issue including the conveyance of own shares, and issue of
special rights. Based on the authorizations a maximum of 3,500,000 new shares
may be issued and/or own shares possessed by the company may be conveyed, which
corresponds to approximately eight (8) per cent of the issued and outstanding
shares of the company. The authorizations remain in force until June 30, 2012. 

TALENTUM OYJ
Lasse Rosengren
General Counsel

Further information
General Counsel Lasse Rosengren, tel. + 358 40 342 4204

Distribution
NASDAQ OMX Helsinki
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