Rapala VMC Corporation
Stock Exchange Release
March 27, 2015 at 3:30 p.m.
DECISIONS OF RAPALA VMC CORPORATION'S ANNUAL GENERAL MEETING ON MARCH 27, 2015
The Annual General Meeting (AGM) of Rapala VMC Corporation adopted the financial
statement of the financial year 2014 and discharged the members of the Board of
Directors and the CEO from the liability for the financial year that ended on
December 31, 2014.
The AGM approved the Board of Director's proposal that a dividend of EUR 0.20
per share is paid. The dividend will be paid on April 9, 2015 to the
shareholders who on the record date of March 31, 2015 are registered as
shareholders in the company's shareholders' register kept by the Euroclear
Finland Ltd.
The AGM approved that the Board of Directors consists of seven members. The re-
elected members of the Board of Directors were Jorma Kasslin, Eero Makkonen,
Marc Speeckaert, Jan-Henrik Schauman, Christophe Viellard, Emmanuel Viellard and
Julia Aubertin. The AGM resolved that the annual fee paid to each Board member
is EUR 45 000 and EUR 100 000 to the Chairman of the Board.
Ernst & Young Oy, Authorized Public Accountants, was appointed as Rapala VMC
Corporation's auditor.
In accordance with the Board of Directors' proposal, the AGM authorized the
Board of Directors to resolve to repurchase a maximum of 2 000 000 own shares by
using funds in the unrestricted equity. The proposed number of shares
corresponds to less than 10 per cent of all shares in the company. The shares
may be repurchased to develop the company's capital structure. In addition, the
shares may be repurchased to finance or carry out business acquisitions or other
arrangements, to settle the company's equity-based incentive plans, to be
transferred for other purposes, or to be cancelled. The shares may be
repurchased in deviation from the proportion of the shares held by the
shareholders. The shares will be repurchased through public trading arranged by
NASDAQ OMX Helsinki Oy at the market price of the acquisition date. The shares
will be acquired and paid in pursuance of the rules of NASDAQ OMX Helsinki Oy
and applicable rules regarding the payment period and other terms of the
payment. The authorization is in force until the end of the next Annual General
Meeting, however, no longer than until June 30, 2016.
The Board of Directors of Rapala VMC Corporation has March 27, 2015 elected
Emmanuel Viellard as the Chairman of the Board of Directors.
RAPALA VMC CORPORATION
Jorma Kasslin
Chief Executive Officer
For further information, please contact:
Olli Aho, Company Counsel, tel. +358 9 7562 540
Distribution: Nasdaq Helsinki and main media
Rapala VMC Corporation ("the Group") is a leading fishing tackle company and the
global market leader in fishing lures, treble hooks and fishing related knives
and tools. The Group also has a strong global position in other fishing
categories and it is one of the leading distributors of outdoor, hunting and
winter sport products in the Nordic countries. The Group has the largest
distribution network in the industry. The main manufacturing facilities are
located in Finland, France, Estonia, Russia, China, Indonesia and the UK. The
Group brand portfolio includes the leading brand in the industry, Rapala, and
other global brands like VMC, Sufix, Storm, Blue Fox, Luhr Jensen, Williamson,
Dynamite Baits, Mora Ice, StrikeMaster, Marttiini and Peltonen. The Group, with
net sales of EUR 273 million in 2014, employs some 2 800 people in 39 countries.
Rapala VMC Corporation's share is listed and traded on the Nasdaq Helsinki stock
exchange since 1998.
[HUG#1906882]
