Decisions of the Annual General Meeting 2014

| Source: Finnlines

Helsinki, Finland, 2014-04-08 12:01 CEST (GLOBE NEWSWIRE) -- Finnlines Plc         Stock Exchange Release                      8 April, 2014 at 13:00






The Annual General Meeting of Finnlines Plc approved the Financial Statements and discharged the company's officers from liability for the financial year 2013.


It was decided to accept the proposal of the Board of Directors that no dividend shall be paid for the year 2013.


The meeting decided that the number of Board Members be seven. All of the current Board Members were re-elected; Mr Christer Backman, Ms Tiina Bäckman, Mr Emanuele Grimaldi, Mr Gianluca Grimaldi, Mr Diego Pacella, Mr Olav K. Rakkenes and Mr Jon-Aksel Torgersen. The yearly compensation to the Board will remain unchanged as follows: the Chairman EUR 50,000, the Vice-Chairman EUR 40,000 and the Member EUR 30,000.


The Annual General Meeting elected APA KPMG Oy Ab as the Company's auditor for the fiscal year 2014. It was decided that the external auditors will be reimbursed according to invoice.


It was decided to authorize the Board of Directors to resolve on the issuance of shares in one or several tranches. The Board of Directors may, on the basis of the authorization, resolve on the issuance of shares in one or several tranches, so that the aggregate number of shares to be issued shall not exceed 10,000,000 shares. The Board of Directors decides on all the conditions of the issuance of shares. The issuance of shares may be carried out in deviation from the shareholders' pre-emptive rights (directed issue). The authorization is valid until the next Annual General Meeting. The authorization replaces the Annual General Meeting’s authorization to decide on a share issue of 16 April, 2013.


Finnlines Plc



Tom Pippingsköld                 Tapani Voionmaa

CFO                              Group General Counsel




Nasdaq OMX Helsinki Ltd

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About Finnlines
Finnlines is one of the largest North-European liner shipping companies, providing sea transport services mainly in the Baltic and the North Sea. Finnlines’ passenger-freight vessels offer services from Finland to Germany and Sweden, from Sweden via the Åland Islands to Finland and from Germany to Russia. The company has subsidiaries or sales offices in Germany, Belgium, Great Britain, Sweden, Denmark and Poland. In addition to sea transportation, the Company provides port services in Helsinki, Turku and Naantali.  Finnlines is a Finnish listed company and part of the Italian Grimaldi Group.