Espoo, 2014-03-26 14:30 CET (GLOBE NEWSWIRE) --
TRAINERS´ HOUSE PLC, STOCK EXCHANGE RELEASE, 26 MARCH 2014 AT 15:30
The Annual General Meeting of Trainers' House Plc was held on 26 March 2014 in Espoo.
The Annual General Meeting decided in accordance with the proposal of the Board of Directors that no dividends shall be paid from the fiscal year 2013.
The Annual General Meeting decided in accordance with the proposal of the Board of Directors that the Company’s share premium fund shall be decreased by EUR 4,037,620.81 to cover the Company’s losses. The Company’s share premium fund on 31.12.2013 before the proposed decrease in order to cover the losses is EUR 4,532,159.97. After the decrease the share premium fund is EUR 494,539.16.
The Meeting approved the financial statements and the consolidated financial statements for the fiscal year 1.1.2013-31.12.2013. The Meeting discharged the Board of Directors and the CEO from liability for the fiscal year 1.1.2013-31.12.2013.
The Annual General Meeting decided that the number of members of the Company's Board of Directors is five. Mr. Aarne Aktan, Mr. Vesa Honkanen, Mr. Jarmo Hyökyvaara and Mr. Jari Sarasvuo were re-elected members of the Board of Directors. Ms. Marjaana Toiminen was elected as a new member of the Board of Directors. At its assembly meeting convened after the Annual General Meeting the Board of Directors elected Mr. Aarne Aktan as the Chairman of the Board. The General Annual Meeting decided that the remuneration to the Chairman shall be EUR 3,500 per month and to the other members of the Board EUR 1,500 per month.
Authorized Public Accountant firm Ernst & Young Oy was elected auditor. The remuneration to the auditor shall be paid against the auditor's reasonable invoice.
The Annual General Meeting decided in accordance with the proposal of the Board of Directors that the Board of Directors shall be authorized to decide on issuance of shares, transfer of the Company's own shares and issuance of special rights entitling to shares in one or more tranches. The aggregate number of shares issued or transferred on the basis of the authorization may not exceed 13,000,000 shares. The issuance of shares, the transfer of the Company's own shares and the issuance of special rights entitling to shares may be carried in deviation from the shareholders' pre-emptive rights. The authorization will reverse the previous authorizations regarding issuing of shares, issuing treasury shares and other special rights entitling to shares. The authorization is effective until 30 June 2017.
TRAINERS' HOUSE PLC
Chief Executive Officer
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