RAMIRENT PLC CORPORATE RELEASE 9.4.2008
RESOLUTIONS OF RAMIRENT ANNUAL GENERAL MEETING 2008
- Approved the financial statements and the dividend proposal of EUR 0.50 per
share for 2007.
- Authorised the Board to decide on acquisition of the Company's own shares and
share issue.
- Adopted the Board's proposal on reduction of the share premium fund.
- Re-elected the current Board members.
The Annual General Meeting of Ramirent Plc held on 9 April 2008 approved the
financial statements and discharged the members of the Board of Directors and
the CEO from liability for the fiscal year 2007.
Payment of dividend
The Annual General Meeting adopted the proposal by the Board of Directors to
distribute a dividend of EUR 0.50 per share for 2007. The dividend record date
is 14 April 2008 and the dividend will be paid on 28 April 2008.
Composition of the Board of Directors
The Annual General Meeting decided to elect seven members to the Board. The
following members of the Ramirent Board were re-elected for a term until the
close of the next Annual General Meeting: Kaj-Gustaf Bergh, Torgny Eriksson,
Peter Hofvenstam, Ulf Lundahl, Freek Nijdam, Erkki Norvio and Susanna Renlund.
Remuneration of the Board of Directors
The Annual General Meeting decided the remuneration of the Board of Directors
shall be unchanged, i.e. for the Chairman EUR 3,000 per month and additionally
EUR 1,500 for attendance at Board and committee meetings and other similar Board
assignments; for the vice-chairman EUR 2,500 per month and additionally EUR
1,300 for attendance at Board and committee meetings and other similar Board
assignments; and for the members of the Board EUR 1,700 per month and
additionally EUR 1,000 for attendance at Board and committee meetings and other
similar Board assignments.
Election of the auditors
At the Annual General Meeting KPMG Oy Ab, a firm of Authorized Public
Accountants, was re-elected auditor. Pauli Salminen, APA, is the main
responsible auditor appointed by KPMG Oy Ab.
Authorisation to acquire and distribute own shares
The Annual General Meeting adopted the Board of Directors' proposal to authorise
the Board to decide on acquisition of the Company's own shares up to a maximum
of 5,434,921 of own shares.
Authorisation to issue new shares
The Annual General Meeting resolved to authorise the Board of Directors to issue
a maximum of 5,434,921 new shares and to convey a maximum of 5,434,921 shares
against payment.
Reduction of the share premium fund
The Annual General Meeting adopted the Board of Directors' proposal to reduce
the share premium fund as shown in the balance sheet as per 31 December 2007 by
the amount of 126,643,828.85 euros by transferring the amount of EUR
13,314,918.13 to the share capital and the amount of EUR 113,328,910.72 to the
free equity fund.
Decisions by the Board of Directors
At the organisational meeting of the Board of Directors held after the Annual
General Meeting, the Board of Directors elected from among its members Peter
Hofvenstam as its Chairman and Susanna Renlund as Vice Chairman.
The Board of Directors resolved to establish an Audit Committee and Peter
Hofvenstam was elected as Chairman and Susanna Renlund as member of the Audit
Committee.
The Board of Directors re-elected Peter Hofvenstam as Chairman of the Working
Committee and Kaj-Gustaf Bergh and Ulf Lundahl as members of the Working
Committee.
RAMIRENT PLC
Kari Kallio
President and CEO
FURTHER INFORMATION:
Kari Kallio, President and CEO, tel. +358 20 750 2830
Paula Koppatz, General Counsel, tel. +358 20 750 2834
DISTRIBUTION:
OMX Nordic Exchange Helsinki
The main media
www.ramirent.com
Ramirent is the leading machinery rental company in the Nordic countries, and in
Central and Eastern Europe. The Group is headquartered in Vantaa and has 340
outlets in thirteen countries. Ramirent employs over 3,600 people and in 2007
the consolidated net sales were EUR 634 million. Ramirent is listed on the OMX
Nordic Exchange Helsinki. For further information, please visit
www.ramirent.com.