Revenio Group Corporation : DECISIONS BY THE ANNUAL GENERAL

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Mar 20, 2014 at 11:15 AM

Revenio Group Corporation : DECISIONS BY THE ANNUAL GENERAL MEETING ON 20.3.2014

Revenio Group Corporation Stock Exchange Release 20.03.2014 at 5 p.m. DECISIONS BY THE ANNUAL GENERAL MEETING OF REVENIO GROUP CORPORATION ON 20.3.2014 1. Financial statements, Board and auditors The AGM confirmed the company's financial statements for the financial year 1 January - 31 December 2013, and discharged the members of the Board of Directors and the Managing Director from liability. The AGM decided that five members be elected to the Board of Directors and re- elected Rolf Fryckman, Ari Kohonen and Pekka Tammela as board members, while also appointing Kyösti Kakkonen and Pekka Rönkä as members. In its meeting held after the AGM, the Board of Directors re-elected Pekka Tammela as chairman. The AGM decided that the Chairman of the Board be entitled to an annual emolument of EUR 36,000 and the other Board members to an annual emolument of EUR 18,000. A total of 40 per cent of Board members' emoluments will be settled in the form of company shares, while 60 per cent will comprise a monetary payment. The AGM re-elected PricewaterhouseCoopers Oy, Authorized Public Accountants, as the company's auditors with Juha Tuomala, Authorized Public Accountant, acting as the principal auditor. The AGM decided to compensate the auditors, upon the presentation of a reasonable invoice. 2. Annual profit distribution, dividend distribution and capital repayment The AGM decided to accept the Board's proposal on profit distribution, according to which the profit for the financial period, EUR -304,972.66, will be added to retained earnings, and a dividend of EUR 0.3 per share will be paid. Dividends will be paid to shareholders who have been registered in the company's shareholder register, maintained by Euroclear Finland Ltd, by the dividend record date on March 25, 2014. The dividend payment date is April 3, 2014. 3. Authorizing the Board of Directors to decide to repurchase the Company's own shares The AGM rescinded its earlier authorization to buy back 771,107 of the company's own shares and authorized the Board to make the decision to buy back a maximum of 785,047 of the company's own shares, in one or more installments, using the company's unrestricted equity, in which case any buyback will reduce the amount of company distributable earnings. The company may buy back shares in order to develop its capital structure, to finance and implement any corporate acquisitions or other transactions, and to implement share-based incentive plans or otherwise dispose of or cancel them. The Company may buy back shares, based on a. A bid submitted to all shareholders on equal terms and conditions in proportion to their current holdings in Company shares and at the same price, decided by the Board of Directors; or b. in public trading on marketplaces whose rules and regulations allow the Company to trade in its own shares. In such a case, the Company will buy back shares through a directed purchase, that is, in a proportion other than its shareholders' holdings in Company shares, with the consideration for the shares based on their publicly quoted market price. This authorization will be valid until April 30, 2015. 4. Authorizing the Board of Directors to decide on a share issue and on the granting of stock options and other special rights conferring entitlement to shares The AGM authorized the Board of Directors to decide on the issuance, following the approval of the reverse share split, of a maximum of 3,000,000 shares or to grant special rights (including stock options) conferring entitlement to shares, as referred to in Section 1 of Chapter 10 of the Limited Liability Companies Act, in one or several tranches. This authorization was granted for the purpose of financing and implementing any prospective corporate acquisitions or other transactions, implementing the company's share-based incentive plans, or for other purposes determined by the Board. The authorization encompasses the Board's right to decide on all terms and conditions governing said share issue and the granting of special rights, including the subscribers or grantees of said special rights and the payable consideration. Moreover, the authorization also includes the right to waive shareholders' pre-emptive subscription rights, thus enabling private placement of shares. The Board's authorization covers both the issue of new shares and the transfer of any treasury shares possibly held by the Company. The Board proposes that the authorization be valid until April 30, 2015. This authorization shall supersede the authorization to decide on a share issue and on the granting of special rights giving entitlement to shares granted in the AGM of March 21, 2013. Revenio Group Corporation Board of Directors For additional information: Olli-Pekka Salovaara, CEO and President, +358 40 567 5520 olli-pekka.salovaara@revenio.fi http://www.revenio.fi DISTRIBUTION: NASDAQ OMX Helsinki Financial Supervisory Authority (FIN-FSA) Principal media www.revenio.fi The Revenio Group in brief Revenio is a Finnish health tech group whose core business is tonometers. The Revenio Health Tech segment comprises the business operations of Icare Finland Oy. The widely patented Icare product family is the current cornerstone of the Group's success. Revenio seeks vigorous growth in health technology, both organically and through acquisitions and mergers. The Revenio Group also includes other business operations, which are grouped under the Technology and Services segment. This segment's operations have a shared global market and represent the cutting edge of technology products and services in their industry. These businesses are extremely profitable in their industries and generate positive cash flow. In 2013, the Revenio Group's net sales totaled EUR 25.7 million, with its operating margin standing at 21.7%. The Revenio Group Corporation is listed on NASDAQ OMX Helsinki. [HUG#1769483]

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

IM Digital Garners 2026 Klaviyo Partner Accolade

Award Shows IM Digital's CRM Mastery It's not every day that a consultancy makes waves in the tech ocean, but IM Digital just scored a big one by nabbing the 2026 Klaviyo Global Partner of the Year award. When you see those shiny accolades, it's a testament to much more than just fancy buzzwords—it's about real grit and customer victories. Why It Matters in the CRM...

Nomad Foods' Battle with Margins Amid Flat Volumes

Subtle Winds of Change in Nomad Foods' Financials Ah, Nomad Foods—Europe's frozen food titan, trotting out its third quarter numbers like a well-rehearsed production line. You've got your slight revenue bump of 2.3% on reported streams, hitting €770 million. But dig a little deeper and you find organic revenue doing a waltz at 1.6% year-on-year, surprising no one...

Fixify's AI Solution Boosts MSP Service Capacity

Unleashing AI on the MSP Help Desk Chaos Look, managed service providers (MSPs) are always grappling with a circus act—juggling customer growth against swelling staffing costs. Fixify tossed its hat in the ring with a new tool that promises to let the AI do the heavy lifting on those routine IT support tickets. They said, 'Why not let the bots take the grunt work?' Now,...

Life with PAH: A Journey of Awareness and Hope

Unearthing the Hidden Struggle of PAH The American Lung Association (ALA) is getting loud about a quiet killer—pulmonary arterial hypertension (PAH) is in their spotlight this month, and it's about time. Documenting the horror stories of some 500 to 1,000 new PAH diagnoses each year in the U.S., the ALA is peeling back the blinds on a condition that's too often...

Young Storytellers Honored: Bridging Cultures Through Journalism

Leaders of Tomorrow: Campus News Awards 2026 It's no small feat to look at a room full of young journalists and see the future of how stories will be told. But that's exactly what happened at the Campus News Awards 2026 in Shenzhen. Here, kids from Hong Kong, Macao, Taiwan, and Southeast Asia stood proudly with their certificates, ready to tackle the changing landscape of...

Timken's Q3 2026: Profits Climb, Strategic Moves

Timken's third-quarter 2026 results hit the wire and it's that time again to dig into the gritty details. They've been knocking on the door of success with some solid numbers. Sales came in at $1.21 billion, marking a 4.7% rise compared to the same period last year. Now, you can't overlook a near 5% bump in sales, can you? Key Performance Indicators Here's the meat of it:...

Duolingo Faces Class Action: Investors React Strongly

Duolingo's Rough Road: A Lawsuit in Motion Alright, fasten your seatbelts, because we've got a real rollercoaster here with Duolingo (NASDAQ: DUOL). You know, the language-learning app that's been pushing ads like it's going out of style? Well, investors are seeing red—not the kind you want, either. This class action lawsuit looming over them is like an unwelcome...

AlphaESS Secures Fifth Tier 1 Status Amid Growth

AlphaESS: Consistency Breeds Success Can't ignore a company that keeps hitting the marks quarter after quarter, kid. AlphaESS just bagged its fifth consecutive Tier 1 status from BloombergNEF for Q4 2026—that's no joke in the buzzing world of energy storage. What makes this outfit tick? It's not just sticking to the same old script; they keep leveling up while everyone...

Andavi Acquires Infilect: Shaping Future of Retail AI

Big Moves in Retail AI: Andavi Snaps Up Infilect Here we go, folks! Andavi Solutions just dropped a doozy on the market. They've bagged Infilect, an AI technology headliner based in Bengaluru, and it's got some tongues wagging. The New York-headquartered outfit, known for its slick sales execution tech in the beverage and consumer goods sectors, is betting big on AI. And...

CPT Group Webinar Tackles AI Ethics in Class Actions

Diving into AI's Legal Labyrinth It's no secret that artificial intelligence is elbowing its way into every corner of our lives—from how we shop to how we drive, and now, it's nosing into the legal realm in a big way. CPT Group, a heavyweight in class action settlement administration, is stepping up to talk AI in the law game. They're rolling out a CLE webinar this...