SIEVI CAPITAL PLC STOCK EXCHANGE RELEASE 8 APRIL 2014 4:10 P.M.
SIEVI CAPITAL PLC’S ANNUAL GENERAL MEETING, 8 APRIL 2014 SIEVI CAPITAL plc’s Annual General Meeting has in its meeting on 8 April 2014 confirmed the Financial Statements for 2013 and discharged the Board of Directors and the CEO from liability. According to Board of Directors’ proposal The Annual General Meeting decided to distribute a dividend total of EUR 0.05 per share. The record date for the payment of dividend is 11 April 2014 and the date of payment of the dividend is 23 April 2014. The Meeting resolved that the Board of Directors consists of three Members and one Debuty Member. Asa-Matti Lyytinen and Jonna Tolonen were re-elected as members of the Board of Directors, Mr Seppo Laine was elected as a new member of Board of Directors. Jorma J. Takanen was elected as a Debuty Member. The meeting resolved that the remuneration of Chairman of the Board of Directors is EUR 1,500/month and remuneration of a member of the Board of Directors is EUR 1,000/month.
The remuneration for the auditor shall be paid against the auditor’s reasonable invoice. The company’s auditor is KPMG Oy AB, a company of Authorised Public Accountants, and the main auditor is Authorised Public Accountant Antti Kääriäinen. The auditor is appointed for an indefinite term. In it’s meeting, held after the General Meeting, the Board of Directors elected Asa-Matti Lyytinen as the Chairman of the Board of Directors. The Meeting decided according to the Board of Directors’ proposal to authorize the Board of Directors to decide on the acquisition of the Company’s own shares with distributable assets. The maximum number of the shares to be repurchased shall not exceed 3,000,000 shares. Company shares will be purchased with funds from the company’s non-restricted equity, in which case the acquisition will decrease the company’s distributable non-restricted equity. Shares will be purchased in another proportion than that of the holdings of the current shareholders. Purchasing will take place through public trading arranged by NASDAQ OMX Helsinki Oy. The shares will be purchased at the fair value established in public trading at the time of acquisition. The authorization cancels the authorization given in the Annual General Meeting on 18 April 2013 to repurchase the company’s own shares. The authorization will remain in force for 18 months after it is issued.
The Meeting decided to authorize the Board of Directors to decide on granting option rights to specific key people of the company and its subsidiaries. The total number of option rights is 300,000 and they entitle the key personnel to subscribe for a combined total of 300,000 of the company’s new shares or shares in its possession. The subscription price of shares subscribed with option rights is based on the trading volume weighted by the Company’s average share price on the NASDAQ OMX Helsinki Oy in March 2014, 2015, and 2016. The subscription period for option right 2014A is 1 May 2017 – 30 April 2019, option right 2014B is 1 May 2018 – 30 April 2020 and option right 2014C 1 May 2019 – 30 April 2021. Commencement of the subscription period requires that the production or financial goals defined annually by the Board are met. Terms of the Option Scheme as a whole are available on the company’s website at: www.sievicapital.fi/investors/generalmeeting2014. The minutes of the Annual General Meeting will be available on the company’s website, www.sievicapital.com, as of 22 April 2014 latest.
SIEVI CAPITAL PLC Harri Takanen CEO Additional information: CEO Harri Takanen tel +358 8 4882 250 Distribution NASDAQ OMX, Helsinki Major Media www.sievicapital.com
