SCANFIL PLC STOCK EXCHANGE RELEASE 8 APRIL 2014 11.45 A.M.
SCANFIL PLC’S ANNUAL GENERAL MEETING, 8 APRIL 2014
Scanfil 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 five members. Harri Takanen, Jorma J. Takanen, Jarkko Takanen and Riitta Kotilainen were re-elected as members of the Board of Directors and Christer Härkönen was elected as a new member of Board of Directors. The meeting decided that the remuneration of Chairman of the Board of Directors is EUR 2,000/month and remuneration of a member of the Board of Directors is EUR 1,500/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 Harri Takanen 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 5,000,000 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 minutes of the Annual General Meeting will be available on the company’s website, www.scanfil.com, as of 22 April 2014.
CEO Petteri Jokitalo
tel +358 8 4882 111
Distribution NASDAQ OMX, Helsinki
Scanfil Group is engaged in contract manufacturing for international telecommunications technology and professional electronics manufacturers.Scanfil has almost 40 years of experience in demanding contract manufacturing. Scanfil is a systems supplier that offers its products and services to international telecommunications systems manufacturers and professional electronics customers. Typical products are equipment systems for mobile and public switched telephone networks, automation systems, frequency converters, lift control systems, equipment and systems for electricity production and transmission, analysers, slot machines and different meteorological instruments. The company has production facilities in China, Estonia, Hungary and Finland.