Resolutions by the Annual General Meeting of Componenta
The Annual General Meeting of Componenta Corporation, held on 25 February 2008,
approved the financial statement for the financial year 1 January - 31 December
2007, as well as discharged the members of the Board of Directors and the
President and CEO from liability. The Annual General Meeting approved the
proposal of the Board of Directors to distribute a dividend of fifty (50) cents
per share for the financial year 1 January - 31 December 2007. Dividend will be
paid to shareholders registered in the shareholders' register maintained by the
Finnish Central Securities Depository Ltd on the record date, 28 February 2008,
as determined by the Board of Directors. The dividend will be paid on the fifth
banking day following the record date, 6 March 2008.
The Annual General Meeting elected Heikki Bergholm, Heikki Lehtonen, Juhani
Mäkinen, Marjo Raitavuo and Matti Tikkakoski as members of the Board of
Directors. The Board of Directors had an initial meeting after the Annual
General Meeting and elected Heikki Bergholm as its Chairman and Juhani Mäkinen
as Vice Chairman.
The Annual General Meeting elected APA firm, Oy Audicon Ab, as the company's
auditor.
The Annual General Meeting resolved to authorize the Board of Directors, in
accordance with its proposal, to resolve on the repurchase of own shares as
follows:
The authorization covers a maximum of 1,000,000 own shares using the
unrestricted shareholders' equity of the company.
The shares shall be repurchased through public trading, for which reason the
shares are repurchased otherwise than in proportion to the holdings of the
shareholders. The purchase of the shares shall be based on the market price of
Componenta's share in public trading. The repurchases shall be carried out on
the OMX Nordic Exchange in Helsinki in accordance with its rules and
regulations.
The Board of Directors may not implement the authorization to repurchase own
shares if, following the repurchase, the company or its subsidiary would possess
or hold as pledge more than ten (10) per cent of all shares of the company. The
authorization does not exclude the right of the Board of Directors to resolve on
a directed share repurchase.
The authorization is in force for a period of 18 months from the resolution by
the General Meeting.
The corresponding authorization by the 2007 Annual General Meeting to the Board
of Directors on the repurchase of own shares was revoked.
Helsinki, 25 February 2008
COMPONENTA CORPORATION
Heikki Lehtonen
President and CEO
Further information: Heikki Lehtonen, President and CEO, tel. +358 10 403 00
Componenta is a metal sector company with international operations and
production plants located in Finland, the Netherlands, Sweden, and Turkey. The
pro forma net sales of Componenta was EUR 635 million in 2007 and the Group
employes about 5,100 people. Componenta's shares are quoted on the OMX Nordic
Exchange in Helsinki. Componenta specializes in supplying cast and machined
components and total solutions made of them to its global customers who are
manufacturers of vehicles, machines and equipment.
Componenta Corporation
Panuntie 4
FI-00610 Helsinki , Finland
Tel. +358 10 403 00
Fax +358 10 403 2721
http://www.componenta.com
