Resolutions passed at Ramirent Plc’s Annual Gene

Vantaa, Finland, 2017-03-16 11:25 CET (GLOBE NEWSWIRE) --  

Ramirent Plc           Stock Exchange Release                             16 March 2017 at 12:25

Ramirent Plc's Annual General Meeting, which was held today on 16 March 2017, adopted the 2016 annual financial accounts and discharged the members of the Board of Directors and the President and CEO from liability. The Annual General Meeting decided on the payment of dividends, the composition of the Board of Directors and their fees, the election of the auditor and fee and authorization of the Board of Directors to repurchase Company’s own shares.

Dividend payout

The Annual General Meeting adopted the Board’s proposal that a dividend of EUR 0.40 per share be paid based on the adopted balance sheet for the financial year ended on December 31, 2016. The dividend shall be paid in two installments. The first installment of EUR 0.20 per share will be paid to shareholders registered in the shareholders’ register of the Company maintained by Euroclear Finland Ltd on the record date for dividend payment 20 March 2017. The first installment is to be paid on April 4, 2017 for shareholders whose shares are registered in Euroclear Finland Ltd and on April 5, 2017 for shareholders whose shares are registered in Euroclear Sweden AB. The second installment of EUR 0.20 per share will be paid to shareholders registered in the shareholders’ register of the Company maintained by Euroclear Finland Ltd on the record date for dividend payment September 18, 2017. The second installment is to be paid on October 3, 2017 for shareholders whose shares are registered in Euroclear Finland Ltd and on October 4, 2017 for shareholders whose shares are registered in Euroclear Sweden AB. The Board of Directors is authorized to set a new dividend record date and payment date for the second installment of the dividend, in case the rules and regulations of the Finnish book-entry system would be changed, or otherwise so require, prior to the payment of the second installment of the dividend.

Composition of the Board of Directors and their remuneration

The Annual General Meeting resolved that the number of members of the Board of Directors is seven (7) and re-elected current members Kevin Appleton, Kaj-Gustaf Bergh, Ulf Lundahl, Tobias Lönnevall and Susanna Renlund, and elected as new Board members Ann Carlsson and Erik Bengtsson for the term that will continue until the end of the next Annual General Meeting.

The Annual General Meeting adopted the proposal that the remunerations of the members of the Board of Directors would be as follows: for the Chairman EUR 3,800 per month and additionally EUR 1,600 for attendance at board and committee meetings and other similar board assignments; for the Vice-Chairman EUR 2,500 per month and additionally EUR 1,300  for attendance at board and committee meetings and other similar board assignments; and for the members of the Board of Directors EUR 2,250 per month and additionally EUR 1,000  for attendance at board and committee meetings and other similar board assignments. Travel expenses and other out-of-pocket expenses due to the board work shall be compensated in accordance with the Company’s established practice and travel rules.

Election of the auditor and the fee

The Annual General Meeting adopted the proposal that the number of auditors shall be one (1) and re-elected PricewaterhouseCoopers Oy (“PWC”) as the Company’s auditor with APA Ylva Eriksson as principally responsible auditor for the term that will continue until the end of the next Annual General Meeting. The auditor’s compensation will be paid against an invoice as approved by the Company.

Repurchase of the Company’s own shares

The Annual General Meeting authorized the Board of Directors to decide on the repurchase of a maximum of 10,869,732 Company’s own shares as proposed by the Board of Directors. The authorization shall also contain an entitlement for the Company to accept its own shares as pledge. The number of shares that can be acquired or held as pledges by the Company on the basis of this authorization shall not exceed one tenth (1/10) of all outstanding shares of the Company. The Board of Directors shall decide on all other terms of the share repurchase. The share repurchase authorization shall be valid until the next Annual General Meeting and it shall revoke the repurchase authorization given by the Annual General Meeting on March 17, 2016.

Minutes of the Annual General Meeting

The minutes of the Annual General Meeting will be available on the Internet at the company website www.ramirent.com by 30 March 2017.

Ramirent Plc Board of Directors

FURTHER INFORMATION: Pierre Brorsson, CFO, tel. +46 8 624 9541

Ramirent is a leading equipment rental group combining the best equipment, services and know-how into rental solutions that simplify customer’s business. Ramirent serves a broad range of customer sectors including construction, industry, services, the public sector and households. Ramirent has operations in the Nordic countries and in Central and Eastern Europe. In 2016, Ramirent Group sales totalled EUR 665 million. The Group has 2,686 employees in 290 customer centers in 10 countries. Ramirent is listed on the NASDAQ Helsinki (RMR1V). Ramirent – More than machines®.

DISTRIBUTION: NASDAQ Helsinki The main media www.ramirent.com