ANNUAL GENERAL MEETING 2014
DECISIONS OF PONSSE PLC'S ANNUAL GENERAL MEETING
Ponsse Plc’s Annual General Meeting was held in Vieremä, Finland today, 15 April 2014.
The AGM approved the parent company financial statements and the consolidated financial statements, and members of the Board of Directors and the President and CEO were discharged from liability for the 2013 financial period.
The AGM decided to authorise a dividend per share of EUR 0.30 per share for 2012 (dividends totalling EUR 8,336,130. No dividend will be paid to shares owned by the company itself (212,900 shares). The dividend payment record date is 22 April 2014, and the dividends will be paid on 29 April 2014.
Board of Directors
The number of Board members was confirmed as seven (7). Heikki Hortling, Mammu Kaario, Ilkka Kylävainio, Ossi Saksman, Janne Vidgrén, Juha Vidgrén and Jukka Vidgrén were re-elected to the Board. For more information on the Board members, please visit the Ponsse website http://www.ponsse.com/english/investors/corporate_info/board.php. The Board's period of office will last until the next AGM.
The AGM confirmed the annual remuneration payable to the Chairman of the Board as EUR 43,000, the remuneration payable to the Vice Chairman as EUR 38,000 and the remuneration payable to other members as EUR 32,000.
At a Board meeting held after the AGM, Juha Vidgrén was elected Chairman of the Board and Heikki Hortling was elected Vice Chairman.
PricewaterhouseCoopers Oy were appointed as the company's auditors, with Sami Posti, Authorised Public Accountant, as the principal auditor.
Authorisation of the Board of Directors to decide on share issues by assigning the Company's own shares
The AGM authorised the Board of Directors to decide on the issue of the assignment of treasury shares held by the company against payment or free of charge so that a maximum of 212,900 shares will be issued on the basis of the authorisation. The maximum amount corresponds to approximately 0.76 per cent of the company’s total shares and votes.
The authorisation includes the right of the Board to decide upon all other terms and conditions of the share issue. Thus, the authorisation includes a right to organise a directed issue in deviation of the shareholders' subscription rights under the provisions prescribed by law.
The authorisation is proposed for use in supporting the Company’s growth strategy in the Company's potential corporate acquisitions or other arrangements. In addition, the shares can be issued to the Company’s current shareholders, sold through public trading or used in personnel incentive systems.
The authorisation is valid until the next AGM; however, no later than 30 June 2015. The previous authorisations are cancelled.
Profit bonus to personnel
The Annual General Meeting decided that personnel employed by the Group be paid a profit bonus of no more than EUR 60 per person per month at work for 2013.
Minutes of the meeting
The minutes of the AGM will be available for inspection by shareholders at the Ponsse Plc Customer Service Centre at Ponssentie 22, Vieremä, Finland, as of 24 April 2014.
Vieremä, 15 April 2014
President and CEO