EFORE PLC Stock Exchange Release February 6, 2007 9.00 am
DECISIONS OF THE ANNUAL GENERAL MEETING OF EFORE PLC AND THE
INAUGURAL MEETING OF THE BOARD OF DIRECTORS
Efore Plc Annual General Meeting for the financial year November
1, 2005 - October 31, 2006 was held on February 5, 2007 in
Helsinki. Juhani Mäkinen, Attorney-at-law acted as the Chairman of
the Annual General Meeting. The Annual General Meeting adopted the
income statement and balance sheet of Efore Group and Efore Plc
for the financial year and discharged the Board of Directors and
the CEO from their liabilities from the financial year.
BOARD OF DIRECTORS AND THE COMMITTEES
The Annual General Meeting elected to the Board of Directors eight
members based on the proposal of the Nomination Committee. The
following members were re-elected: Johan Ek, Isto Hantila, Outi
Raitasuo, Timo Syrjälä and Matti Tammivuori. In addition Jukka
Harju, Esa Korvenmaa and Marko Luoma were elected as new members
to the Board of Directors.
In the Inaugural Meeting of the Board of Directors held after the
Annual General Meeting Isto Hantila was elected as the Chairman
and Timo Syrjälä as the Vice Chairman of the Board of Directors.
In the Inaugural Meeting the Audit Committee and the Compensation
Committee were elected and it was decided that the Nomination
Committee be elected during fall 2007. Timo Syrjälä was elected as
the Chairman and Outi Raitasuo and Matti Tammivuori as members of
the Audit Committee. Isto Hantila was elected as the Chairman and
Timo Syrjälä and Matti Tammivuori as members of the Compensation
Committee.
AUDITOR
Authorized Accounting Firm Ernst & Young Oy was elected as the
Company's auditor.
DIVIDEND
The Annual General Meeting decided, according to the proposal of
the Board of Directors, that no dividend be distributed from the
financial year ended on October 31, 2006.
AUTHORIZING THE BOARD OF DIRECTORS TO RESOLVE ON THE ISSUING OF
NEW SHARES
The Annual General Meeting decided, according to the Board of
Directors proposal that the Board of Directors is authorized to
resolve on the issuing of new shares in one or several
instalments, resulting in total to the issuance of a maximum of
13.274.783 new shares. The authorization includes the right of the
Board of Directors to resolve on a directed share issue. The
authorization is, however, not to be used for incentive schemes
for the personnel. The authorization is in force for a period of
one year from the resolution of the Annual General Meeting.
EFORE PLC
Board of Directors
For further information please contact Reijo Mäihäniemi, President
and CEO, tel. +358 9 4784 6312
DISTRIBUTION Helsinki Exchanges
Principal media
Efore Group
The Efore electronics group is an international company providing
services for the telecommunications, industrial automation and health-care
industries. Its operations comprise custom-designed power supplies,
power systems and related service and maintenance.
Efore's registered office is in Espoo, Finland. Besides Finland,
Efore's product development and marketing units are located in
China, the USA, Germany and Sweden. Its production facilities are
located in China, Estonia and the USA. In the fiscal year ending
in October 2006, consolidated net sales totalled approximately EUR
90.5 million and it had a personnel of 812. The shares of the
parent company Efore Plc are quoted on the Helsinki Stock
Exchange.
www.efore.com