SCANFIL PLC STOCK EXCHANGE RELEASE 8 APRIL 2015 2.15 P.M.
SCANFIL PLC’S ANNUAL GENERAL MEETING, 8 APRIL 2015
Scanfil plc’s Annual General Meeting has in its meeting on 8 April 2015 confirmed the Financial Statements for 2014 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 0.07 per share. The record date for the payment of dividend is 10 April 2015 and the date of payment of the dividend is 17 April 2015.
The Meeting resolved that the Board of Directors consists of five members. Harri Takanen, Jorma J. Takanen, Jarkko Takanen, Riitta Kotilainen and Christer Härkönen were re-elected as members of the Board of Directors. The meeting decided that the remuneration of Chairman of the Board of Directors is EUR 2,200/month and remuneration of a member of the Board of Directors is EUR 1,700/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.
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 8 April 2014 to repurchase the company’s own shares. The authorization will remain in force for 18 months after it is issued.
The Meeting decided according to the Board of Directors’ proposal to authorize the Board of Directors to decide on share issues through one or more issues and the issue of other special rights entitling their holders to shares.
The number of shares to be issued based on the authorisation can be no more than 12,000,000 shares.
The Board shall decide on the terms and conditions of share issues and the issue of special rights entitling their holders to shares. The authorisation concerns both the issue of new shares and the transfer of treasury shares. Shares and special rights entitling their holders to shares can be issued in deviation from the shareholders’ pre-emptive rights (directed issue).
The authorisation shall be valid until 30 June 2016.
The minutes of the Annual General Meeting will be available on the company’s website, www.scanfil.com, as of 22 April 2015.
CEO Petteri Jokitalo
tel +358 8 4882 111
Distribution NASDAQ OMX, Helsinki
Scanfil Group is an international contract manufacturer and system supplier. The company has nearly 40 years of experience in demanding contract manufacturing. The key elements of Scanfil’s operations include a vertically integrated production system and the provision of services and supply chain management to customers over the entire life cycle of the product. Its customers include international operators in the automation, energy, data transmission and health technology sectors, among other industries, and companies operating in fields related to urbanization. Scanfil has production operations in Finland, China, Germany, Hungary and Estonia