Decisions of the Annual General Meeting 2014 of Tikkurila

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

News Desk 2018

Mar 25, 2014 at 9:00 AM

Tikkurila Oyj Stock Exchange Release March 25, 2014 at 2:45 p.m. (CET+1) The Annual General Meeting of Tikkurila Oyj approved today the Financial Statements for 2013 and decided to discharge the members of the Board of Directors and the President and CEO from liability. The Annual General Meeting approved a EUR 0.80 dividend per share for the financial year 2013. The rest will be retained and carried further in the company's unrestricted equity. The dividend will be paid to a shareholder who is registered in the company's shareholder register maintained by Euroclear Finland Ltd on the dividend record date, March 28, 2014. The dividend will be paid on April 9, 2014. The Annual General Meeting decided that the Board of Directors consists of seven members. Eeva Ahdekivi, Harri Kerminen, Riitta Mynttinen, Jari Paasikivi, Pia Rudengren, Aleksey Vlasov, and Petteri Walldén were re-elected to the Board of Directors until the end of the next Annual General Meeting. The Annual General Meeting decided that the remuneration to the members of the Board of Directors will stay at the previous level with the exception that the annual remuneration payable to the Chairman of the Audit Committee will be the same as payable to the Vice Chairman. The annual remuneration to the members of the Board of Directors will be as follows: EUR 57,000 for the Chairman, EUR 37,000 for the Vice Chairman and the Chairman of the Audit Committee, and EUR 31,000 for other members of the Board of Directors. Approximately 40 percent of the annual remuneration will be paid in Tikkurila Oyj's shares acquired from the market and the rest in cash. The shares will be acquired directly on behalf of the Board members within two weeks from the release of the interim report for January 1-March 31, 2014. Furthermore, a meeting fee for each meeting of the Board and its Committees (excluding decisions without a meeting) will be paid to the members of the Board of Directors as follows: EUR 600 for meetings held in the home state of a member and EUR 1,200 for meetings held outside the home state of a member. The remuneration paid for telephone or video meetings shall be EUR 600. Travel expenses will be paid according to the travel policy of the company. The Annual General Meeting decided that the Auditor's fees will be paid against an invoice approved by the company. KPMG Oy Ab was re-elected as the company's auditor until the end of the next Annual General Meeting, with APA Toni Aaltonen nominated by KPMG as the principal auditor. The Annual General Meeting authorized the Board of Directors to decide upon the repurchase of a maximum of 4,400,000 company's own shares. The shares may be repurchased to be used for financing or implementing possible mergers and acquisitions, developing the company's equity structure, improving the liquidity of the company's shares or to be used for the payment of the annual fees payable to the members of the Board of Directors or for implementing the share-based incentive programs of the company. The repurchase authorization will be valid until the end of the next Annual General Meeting, however, no longer than until June 30, 2015. The Annual General Meeting authorized the Board of Directors to decide to transfer company's own shares held by the company or to issue new shares limited to a maximum of 4,400,000 shares. The company's own shares held by the company may be transferred and the new shares may be issued either against payment or without payment The new shares may be issued and the company's own shares held by the company may be transferred to the company's shareholders in proportion to their current shareholdings in the company or deviating from the shareholders' pre-emptive right through a directed share issue, if the company has a weighty financial reason to do so, such as financing or implementing mergers and acquisitions, developing the company's equity structure, improving the liquidity of the company's shares or to be used for the payment of the annual fees payable to the members of the Board of Directors. The authorization will be valid until the end of the next Annual General Meeting, however, no longer than until June 30, 2015. The minutes of the Annual General Meeting will be available on Tikkurila's website as of April 8, 2014, at the latest. Tikkurila Oyj Antti Kiuru, Group Vice President, Legal For further information, please contact: Antti Kiuru, Group Vice President, Legal, tel. +358 400 686 488, antti.kiuru@tikkurila.com For 150 years already, Tikkurila has provided consumers and professionals with user-friendly and sustainable solutions for surface protection and decoration. Tikkurila wants to be the leading paint company in the Nordic area as well as in Russia and other selected Eastern European countries. - Tikkurila inspires you to color your life. www.tikkurilagroup.com [HUG#1771552]

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Breeze Airways Secures $228M for Fleet Expansion

Breeze Airways and AIP's Milestone Deal Just as the ink is drying on the balance sheets, Breeze Airways is busy making significant moves in the aviation game. Partnering with AIP Capital, they just locked in a $228 million secured debt facility to grab six new Airbus A220-300 aircraft. Now, that’s how you stake your claim in the market. What we’ve got here isn’t...

PJM Prepares to Tackle Winter Power Demands

Eyeing the Season Ahead The chill in the air isn't just meteorological; there's a business note to notice every winter in PJM's sprawling territory. With power supplies robust yet stretched thin, PJM is bracing to navigate another demanding cold season. They’ve announced they have 182,426 MW of operational capacity nipping at the heels of a projected peak demand of...

Democracy's Living History at Long Island University

America’s democracy is getting its moment in the spotlight over at Long Island University, and it's more than just statues and old papers. This exhibition, "The Presidency & Promise of America: A More Perfect Union," unpacked on October 28, throws open a window into the U.S.'s democratic journey from its scrappy beginnings to today’s hot zones of political debate. And...

Yesway's Festive Campaign Drives Holiday Sales Surge

A Holiday Extravaganza in Convenience Retail Here's the deal: Yesway's pulling out all the stops this holiday season, and they're not just offering cheap hotdogs or knocking a nickel off the gas. They're diving into some fiery New Mexico-inspired festivities with their latest campaign, “Red or Green…or Christmas?” It's like a candy cane made of salsas—just in time...

Understanding Your Home's Water Pressure Issues

Why Is My Water Pressure Acting Up? We've all been there—turn on the tap or jump in the shower, and instead of a steady stream, you're met with a dribble. Frustrating, right? You might rush to blame the utility company or maybe the unsettling idea you live in a haunted house. But let's knock some sense into this situation: it's usually something closer to home. Spotting...

Stoneleigh Celebrates Forbes VERIFIED Luxury Praise

Stoneleigh's Milestone in Luxury Living There are times when a luxury residence transcends mere bricks and mortar, and lands squarely in the realm of a lavish lifestyle. That's exactly what Residences at the Stoneleigh in Dallas aims to provide. Recently, the property snagged the coveted VERIFIED™ Luxury Residences designation from Forbes Travel Guide. Now, whether...

Hyster-Yale Navigates a Rocky Q3 2026 Recovery

Imagine Hyster-Yale like a battered ship in a stormy market, steering its way towards stability with a few promising signals on the horizon. Despite a 15% dip in revenue compared to last year, they're celebrating a hefty boost in bookings—up 45% from the rough waters of Q2 2025. It's a mixed bag of tales from the latest quarterly results that might have you scratching...

Compass Confronts Legal Storm After 28% Stock Plunge

An Unwelcome Surprise for Compass Investors Ah, there's nothing quite like the bitter taste of a stock taking a nosedive, is there? For folks holding shares of Compass, Inc. (NYSE: COMP), that bitter pill came with a goose egg of a 28% drop. Now, they're in the thick of a class action lawsuit alleging securities fraud. If you're in on this, grab a coffee. There's plenty...

Birth Registration Revolution: OSIA Interoperability Demo

Bringing Birth Registration into the 21st Century Alright, let's cut through the fog. If you ask most folks about their birth certificates, you'd hear tales of tattered paper and government office runs. What if I told you this vital piece of paper could be reborn altogether? That's what the Secure Identity Alliance is up to with their OSIA Live Interoperability Demo at...

Coronation Securities: Pioneering Digital Brokerage in Nigeria

Coronation Securities: A Digital Revolution Ah, Nigerian financial markets have found themselves a trailblazer, folks. Meet Coronation Securities Limited, recently crowned the 'Fastest Growing Digital Brokerage Platform – Nigeria' at the 2026 Global Brand Awards. Now, that's a nod from Global Brands Magazine worth sitting up for. Turning the Tide with Tech In an...