Vacon Plc, Stock Exchange Release, 28 March 2007 at 5.50 pm Vacon Plc's Annual General Meeting of Shareholders was held on 28 March 2007 in Vaasa. The Annual General Meeting of Shareholders approved the company's financial statement for the fiscal year 2006 and discharged the members of the Board of Directors and the Managing Director from liability for the fiscal year 2006. The Annual General Meeting of Shareholders adopted the proposal of the Board of Directors that a dividend of EUR 0.65 will be paid on each share. The Annual General Meeting of Shareholders adopted the proposals of the Board of Directors to authorize the Board of Directors to resolve to repurchase shares in the company and to dispose of own shares held by the company as well as to amend the Articles of Association. The financial statement of Vacon Plc for the fiscal year 2006 was approved. The Annual General Meeting of Shareholders adopted the proposal by the Board of Directors to pay a dividend of EUR 0.65 on each share or EUR 9,888,728 in total. The record day for the dividend payment is 2 April 2007. The dividend will be paid on 11 April 2007. The Annual General Meeting of Shareholders discharged the members of the Board of Directors and the Managing Director from liability for the fiscal year 2006. The number of members of the Board of Directors was confirmed to be six (6). Pekka Ahlqvist, Jari Eklund, Kalle Heikkinen, Mauri Holma, Jan Inborr and Veijo Karppinen were re-elected as members of the Board of Directors. Jan Inborr was re-elected Chairman and Veijo Karppinen was re-elected Vice Chairman of the Board of Directors at the constitutory meeting of the Board of Directors. The Annual General Meeting of Shareholders resolved to pay the members of the Board of Directors a basic fee of EUR 1,000 a month and an additional fee of maximum EUR 2,000 a month. It was resolved that the Chairman of the Board of Directors shall be paid twice the basic fee and twice the additional fee paid to the members of the Board of Directors. The Annual General Meeting of Shareholders resolved that KPMG Oy Ab shall continue as the company's auditor. The Annual General Meeting of Shareholders adopted the proposals of the Board of Directors to authorize the Board of Directors to resolve to repurchase shares in the company and to dispose of own shares held by the company through share issue. Further, the Annual General Meeting of Shareholders resolved to amend the Articles of Association in accordance with the proposal of the Board of Directors. The amendments are mainly due to the new Companies Act. The proposals of the Board of Directors were reported in the stock exchange release of 9 March 2007. All decisions adopted at the Annual General Meeting of Shareholders were made unanimously. VACON PLC Board of Directors Further information: Mr. Vesa Laisi, President Phone +358 (0)40 837 1510, e-mail: vesa.laisi@vacon.com Mr. Jan Inborr, Chairman of the Board Phone +358 (0)400 203 612, e-mail: jan.inborr@ahlstromcapital.com DISTRIBUTION: Helsinki Exchange Financial Supervision Authority Media
Vacon Plc's Annual General Meeting of Shareholders
| Source: Vacon.