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Shareholders’ proposals to the Annual General Meeting of PKC Group Plc

PKC Group Plc     Company Announcement  31 March 2017     10:00 a.m.

 

Shareholders’ proposals to the Annual General Meeting of PKC Group Plc

 

PKC Group Plc has received information on shareholders’ proposals to the Annual General Meeting to be held on 5 April 2017. Shareholders represent over 10% of PKC Group Plc’s shares and votes.

 

PKC Group has been informed that the below proposals have been initiated by the company's largest shareholder, MSSL Estonia WH OÜ. PKC Group has also been informed that representatives of MSSL Estonia WH OÜ have received powers of attorneys from the former largest shareholders of the company for the Annual General Meeting. MSSL Estonia WH OÜ was not a shareholder of the company on the record date of the meeting but only after such date and therefore could not participate in the meeting as a shareholder.

 

Shareholders’ proposals on matters on the agenda of the General Meeting

 

11. Resolution on the remuneration of the members of the Board of Directors and the auditor

 

In deviation to the Shareholders’ Nomination Board’s proposal on the remuneration for the Board of Directors published in the notice to the Annual General Meeting, the shareholders’ propose that the remuneration of the members of the Board of Directors shall be as proposed with the amendment that any members that are in employment or service relationship to Motherson Sumi Systems Ltd or its affiliates[other than PKC] are only entitled to the reimbursement of the travel and accommodation expenses.

 

13. Election of members of the Board of Directors

 

The Shareholders propose that Robert Remenar and Matti Ruotsala shall be re-elected as Board members and Vivek Chaand Sehgal, Andreas Heuser, Pankaj Mital and Gaya Nand Gauba shall be elected as new members.

 

14. Election of auditor

 

The Shareholders propose that audit firm Ernst & Young Oy shall be elected as auditor.

 

The shareholders have informed that they support all other proposals as set out in the notice to the Annual General Meeting. Notice to the Annual General Meeting was published on 10 March 2017.

 

 

PKC Group Plc

Board of Directors

 

 

Distribution:

Nasdaq Helsinki

Main media

www.pkcgroup.com

 

 

PKC Group is a global partner, designing, manufacturing and integrating electrical distribution systems, electronics and related architecture components for the commercial vehicle industry, rolling stock manufacturers and other selected segments. The Group has production facilities in Brazil, China, Germany, Lithuania, Mexico, Poland, Russia, Serbia and the USA. The Group's revenue from continuing operations in 2016 totalled EUR 846 million. PKC Group Plc is listed on Nasdaq Helsinki.