Ruukki Group Plc, Stock Exchange Release, 31 March 2008 at 1:00 pm.
Ruukki Group Plc's Annual General Meeting was held in Espoo on Monday 31 March
2008. The Board of Director's proposals for the Annual General Meeting have been
published by a stock exchange release on 11 March 2008.
Decisions of the Annual General Meeting were the following:
The Annual General Meeting approved the financial statements for the financial
year 1 January 2007 - 31 December 2007.
The Annual General Meeting decided to pay out a dividend of EUR 0.04 per share.
The record date for payment is 3 April 2008 and the dividends will be paid on 10
April 2008.
The Annual General Meeting discharged the Board of Directors and the Chief
Executive Officer from liability for the financial year 2007.
The number of Board members was decided to be seven. The following members of
the Board were re-elected: Markku Kankaala, Matti Lainema, Timo Poranen and Ahti
Vilppula. Moreover, Danko Koncar, Konstantin Ryzhkov and Alwyn Smit were elected
as new Board members. After the Annual General Meeting the Board organised
itself so that Matti Lainema continues as the Chairman of the Board.
The Annual General Meeting resolved the compensation of the Board of Directors
as follows: Chairman of the Board EUR 7,500 per month and EUR 5,000 per month
for each member.
The Annual General Meeting re-elected the current auditors KPMG Oy Ab and Mr.
Reino Tikkanen, APA.
The Annual General Meeting decided to authorise the Board of Directors to decide
on share issue, as well as on granting option rights and other special rights
that entitle to shares. At the maximum 50,000,000 new or existing shares,
equalling approximately 17.2 per cent of the total number of shares may be
issued by virtue of this authorisation. This authorisation is valid for one
year.
The Annual General Meeting decided to authorise the Board of Directors to decide
on the acquiring of own shares and transferring of acquired own shares for a
maximum amount of 10,000,000 shares. These authorisations are valid for one
year.
RUUKKI GROUP PLC
Matti Vikkula
Chief Executive Officer
Ruukki Group's strategic aim is to concentrate on wood processing within the
Northern coniferous wood zone. Group business operations will be focused on
mechanical wood processing, and furthermore on pulp business. Ruukki Group Plc's
share is listed on OMX Nordic Exchange Helsinki in which the shares of the
Company are traded in the mid cap segment, in the industrials sector.
For additional information, please contact:
Matti Vikkula
Chief Executive Officer
Ruukki Group Plc
Tel. + 358 45 6700 606
www.ruukkigroup.fi
This stock exchange release is based on translation into English of a document
written in Finnish. In case there would be any potential discrepancies,
inconsistencies or inaccuracies, the Finnish version of the release shall
prevail.