NURMINEN LOGISTICS PLC STOCK EXCHANGE RELEASE 11 APRIL 2008 AT 11:30 AM
DECISIONS MADE BY THE ANNUAL GENERAL MEETING OF SHAREHOLDERS OF NURMINEN
LOGISTICS PLC
The Annual General Meeting of Shareholders held on 11 April 2008 made the
following decisions:
The Annual General Meeting of Shareholders confirmed the company's financial
statements and the group's financial statements for the financial period 1
January - 31 December 2007 and released the Board of Directors and the Managing
Director from liability.
Amendment of Articles of Association
The Annual General Meeting of Shareholders decided in accordance with the
proposal made by the Board of Directors that a provision shall be added to
Section 4 of the company's Articles of Association according to which three (3)
deputy members, at the most, may be elected to the company's Board of Directors.
It was further decided to amend Section 7 of the Articles of Association so that
the company shall have one (1) auditor, which is required to be an Authorized
Public Accountant -audit firm, and that no deputy auditor shall be elected.
Changes reflecting the aforesaid amendments were made to Section 10 of the
Articles of Association with respect to matters to be submitted to the Annual
General Meeting of Shareholders.
Composition and remuneration of the Board of Directors
The Annual General Meeting of Shareholders resolved that the Board of Directors
shall consist of five (5) ordinary members and one (1) deputy member. The Annual
General Meeting of Shareholders re-elected the following ordinary members to the
Board of Directors: Olli Pohjanvirta, Juha Nurminen, Matti Lainema, Matti
Packalén and Rolf Saxberg. Jukka Nurminen was elected deputy member of the Board
of Directors. In its first meeting immediately following the Annual General
Meeting of Shareholders, the Board of Directors elected Juha Nurminen as the
Chairman of the Board.
The Annual General Meeting of Shareholders decided to pay annual remuneration of
EUR 30,000 to the Chairman of the Board, EUR 20,000 to the deputy Chairman of
the Board, and EUR 15,000 to the other members of the Board and in addition a
fee of EUR 700 per meeting to each member of the Board. It was decided to
compensate the travel and other expenses of the members of the Board in
accordance with customary practice. It was furthermore decided to pay to the
members of the Board a merit pay, which shall be tied to the profit of the
company's share during the term of the Board of Directors. The profit of
the company's share shall be calculated from the change in the share's average
price of the month preceding the Annual General Meeting of Shareholders (i.e.
March 2008) and the average price of March 2009, taking into account the
dividends. For each percent the profit has accrued the Chairman of the Board
shall be paid a remuneration of EUR 2,000 and other members of the Board EUR
1,000. If the yearly profit exceeds 25 percent, the remuneration shall be paid
according to 25 percent. The decision means that the final remuneration of the
members of the Board of Directors shall be subject to the total return of the
company's share.
Dividend
The Annual General Meeting of Shareholders approved the Board's proposal that a
per share dividend of EUR 0.12 shall be paid for the financial year 2007. The
dividend shall be paid to shareholders entered in the company's shareholder
register on the record date of 16 April 2008. The dividend payment date shall be
25 April 2008.
Auditor
KPMG Oy Ab, Authorised Public Accountant audit-firm, was re-elected as Nurminen
Logistics Plc's auditor. Mr Lasse Holopainen acts as the responsible auditor.
NURMINEN LOGISTICS PLC
Lasse Paitsola
President and CEO
Additional information:
Lasse Paitsola
President and CEO
Nurminen Logistics Plc
Tel. +358 (0)400 405 801
Email: lasse.paitsola@nurminenlogistics.com
www.nurminenlogistics.com
DISTRIBUTION
OMX Nordic Exchange Helsinki
Major Media
www.nurminenlogistics.com
DECISIONS MADE BY THE ANNUAL GENERAL MEETING OF SHAREHOLDERS OF NURMINEN LOGISTICS PLC
| Source: Nurminen Logistics Oyj