Ponsse Oyj's Annual General Meeting was held in Vieremä today, 12 April 2007.
The meeting was opened by Einari Vidgrén, Chairman of the Board of Directors,
and chaired by Heikki Sinnemaa, attorney.
Financial statements
The parent company's and the consolidated financial statements were approved and
members of the Board of Directors and the President and CEO were discharged from
liability for the 2006 financial period.
Dividend
A decision was made to distribute a dividend of EUR 0.40 per share to
shareholders for the financial period that ended on 31 December 2006. The record
date is 17 April 2007 and the dividend payment date is 24 April 2007.
Board of Directors
The number of Board members was confirmed as six (6). Maarit Aarni-Sirviö, Nils
Hagman, Ilkka Kylävainio, Seppo Remes, Juha Vidgrén and Einari Vidgrén were
elected Board members until the end of the next Annual General Meeting.
The Annual General Meeting confirmed the annual remuneration payable to the
Chairman of the Board to be EUR 43,000, and the remuneration payable to other
members to be EUR 32,000.
Auditor
Ernst & Young Oy, Authorised Public Accountants, were appointed the company
auditors with Eero Huusko, Authorised Public Accountant, as the principal
auditor. The auditor's fee will be paid according to an invoice.
Amendment to the Articles of Association
The Annual General Meeting approved the amendments to the Articles of
Association. The amendments are technical in nature and mainly due to the new
Companies' Act.
Acquisition of treasury shares
The Annual General Meeting authorised the Board of Directors to decide on the
acquisition of treasury shares as follows:
- A maximum of 250,000 treasury shares may be acquired using the company's
unrestricted equity,
- The shares shall be acquired in public trading on the Helsinki Stock Exchange
at a price commanded by the shares in public trading at the time of the
transaction.
The authorisation is valid until 30 June 2008.
The Annual General Meeting authorised the Board of Directors to decide on the
assignment of treasury shares as follows:
- The authorisation includes the right to assign treasury shares in the
company's possession in one or more instalments.
- On aggregate, a maximum of 250,000 treasury shares in the company's possession
may be assigned by virtue of the authorisation.
- The shares may be assigned to shareholders in proportion to their existing
holdings or deviating from the shareholders' pre-emptive right if, from the
company's point of view, there is a valid economic reason for this. The
assignment of shares may only take place free of charge if there is a particular
economic reason for this, taking the interests of all shareholders into account.
The authorisation is valid until 30 June 2008.
Personnel profit bonus
A decision was made to pay a profit bonus to Ponsse Oyj's personnel for 2006.
The amount of the bonus is EUR 85 for each working month.
Minutes of the meeting
The minutes drawn up on the meeting will be available for inspection by
shareholders from Ponsse Oyj's customer service centre at Ponssentie 22,
FI-74200 Vieremä, Finland, as of 20 April 2007.
PONSSE OYJ
Arto Tiitinen
President and CEO
Further information:
Mikko Paananen, CFO
Phone: +358 20 768 8648, mobile +358 400 817 036
E-mail: mikko.paananen@ponsse.com
DISTRIBUTION
Helsinki Stock Exchange
Principal media
www.ponsse.com