Espoo, 2015-03-25 13:45 CET (GLOBE NEWSWIRE) --
TRAINERS´ HOUSE PLC, STOCK EXCHANGE RELEASE, 25 MARCH 2015 AT 14:45
The Annual General Meeting of Trainers' House Plc was held on 25 March 2015 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 2014 and that the loss of the fiscal year shown by the parent company will be transferred to the company's profit and loss account.
The Meeting approved the financial statements and the consolidated financial statements for the fiscal year 1.1.2014-31.12.2014. The Meeting discharged the Board of Directors and the CEO from liability for the fiscal year 1.1.2014-31.12.2014.
The Annual General Meeting decided that the number of members of the company's Board of Directors is three. Mr. Aarne Aktan, Mr. Jarmo Hyökyvaara and Mr. Jari Sarasvuo were re-elected members 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 3500 per month and to the other members of the Board EUR 1500 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 company will continue the corporate restructuring proceedings and other measures already started, through which the financial position of the company could be remedied.
TRAINERS' HOUSE PLC
Arto Heimonen
CEO
FURTHER INFORMATION
Arto Heimonen, CEO, +358 (0)40 412 3456
DISTRIBUTION:
NASDAQ OMX Helsinki
Prominent media sources
www.trainershouse.fi - Investors
Attachments
