CENCORP CORPORATION STOCK EXCHANGE RELEASE 17 April 2008 at 4:45 pm
The financial statements for the fiscal year 2007 were approved. In accordance
with the Board's proposal, it was resolved that no dividend shall be paid for
the fiscal year January 1 - December 31, 2007. Likewise, it was resolved that
the net loss of the fiscal year 2007 will be entered in the retained earnings
account. Release from liability for the fiscal year January 1 - December 31,
2007 was granted to the members of the parent company's Board and the CEO.
The Annual General Meeting passed a resolution to elect four members to the
Board. The previous members elected to the Board were Mr. Markku Jokela and Mr.
Sauli Kiuru. New members are M.Sc, MBA, Mr. Turo Levänen (b. 1960) and Attorney,
LL.M, Mr. Ari Anttonen (b. 1962).
Turo Levänen has acted as CEO of Proventure AG, as Investment Director of Suomen
Teollisuussijoitus Oy, as CEO of Fimet Oy and as Branch of Industry Director in
SITRA. Ari Anttonen works as Lawyer in Bützow Attorneys Ltd. He has acted as
Director in Varma Mutual Pension Insurance Company, as General Counsel in Mutual
Pension Insurance Company Eläke-Varma and as Director of Finance in Postipankki
Ltd.
At the Board's organization meeting that was held after the Annual General
Meeting, Turo Levänen was elected Chairman of the Board and Ari Anttonen Vice
Chairman of the Board. Cencorp´s Vice President, Legal Affairs Mr. Ville Parpola
continues as the secretary of the board. Ari Anttonen and Turo Levänen were
elected as members of the Nomination and Compensation Committee. Mr Anttonen was
elected as the Chairman of the Nomination and Compensation Committee.
Tilintarkastus Tuokko Oy was elected as the Company's auditor, with Authorised
Public Accountant Timo Tuokko to be the primarily responsible auditor.
In accordance with the Board's proposal, it was resolved that the Board of
Directors of the company is authorized to resolve on the issuance of shares and
stock options and other special rights entitling to shares subject to chapter
10, section 1 of the Companies Act as follows.
The aggregate number of shares issued on the basis of the authorization may not
exceed 10,000,000 shares. The Board of Directors is authorized to resolve on all
the terms and conditions concerning the issue of shares and stock options and
other special rights entitling to shares. Issuance of shares and other special
rights entitling to shares can be carried out as a directed issue. Authorization
is valid until further notice, however not more than five years from the
decision by the Annual General Meeting of Shareholders.
Lohja, April 17, 2008
Cencorp Corporation
BOARD OF DIRECTORS
Further information:
Ville Parpola
Vice President, Legal Affairs
Tel. +358 40 772 64 84
Cencorp develops and supplies automation solutions to the electronics and
semiconductor industry that enhance productivity.
Distribution:
Helsinki Stock Exchanges
Main media
www.pmjautomec.com
Neither this press release nor any copy of it may be taken, transmitted into or
distributed in the United States of America or its territories or possessions.
DECISIONS OF THE ANNUAL GENERAL MEETING OF CENCORP CORPORATION HELD ON APRIL 17, 2008
| Source: Valoe Oyj