Resolutions of Huhtamäki Oyj's Annual General Meeting of Shareholders
HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 24.3.2010 AT 16.20
Huhtamäki Oyj's Annual General Meeting of Shareholders was held in Helsinki on March 24, 2010. The meeting adopted the Company's Annual Accounts and the Consolidated Annual Accounts for 2009 and discharged the members of the Company's Board of Directors and the CEO from liability.
Dividend for 2009 was set at EUR 0.38 per share, as proposed by the Board of Directors. The dividend will be paid on April 7, 2010 to a shareholder who on the record date March 29, 2010 is registered as a shareholder in the Company's shareholders' register maintained by Euroclear Finland Ltd.
Composition of the Board of Directors
Eight (8) members of the Board of Directors were elected for a term which lasts until the end of the Annual General Meeting following the election. To the Board of Directors were re-elected Ms. Eija Ailasmaa, Mr. George V. Bayly, Mr. Rolf Börjesson, Ms. Siaou-Sze Lien, Mr. Mikael Lilius, Mr. Anthony J.B. Simon and Mr. Jukka Suominen. Mr. William R. Barker was elected as a new member of the Board of Directors.
The Board of Directors convened immediately after the Annual General Meeting and elected Mr. Mikael Lilius as Chairman of the Board and Mr. Jukka Suominen as Vice-Chairman of the Board.
Remuneration of the members of the Board of Directors
The Annual General Meeting confirmed the following annual remuneration for the members of the Board of Directors: for the Chairman EUR 90,000, for the Vice-Chairman EUR 55,000 and for the other members EUR 45,000. In addition, a meeting fee of EUR 500 per meeting shall be paid to all members for the Board and Board Committee meetings they attend. Traveling expenses shall be compensated in accordance with the Company policy.
The Authorized Public Accountant firm Ernst & Young Oy was elected as Auditor of the Company. Mr. Harri Pärssinen, APA, shall be the Auditor with principal responsibility.
Amendment of Article 9 of the Articles of Association
The Annual General Meeting resolved, as proposed by the Board of Directors, upon amending Article 9 of the Articles of Association regarding the Notice of General Meeting of Shareholders so that the notice shall be given no later than three (3) weeks prior to the date of the General Meeting of Shareholders but at least nine (9) days prior to the record date of the General Meeting of Shareholders.
Board of Directors' authorization to grant donations
The Annual General Meeting resolved, as proposed by the Board of Directors, upon authorizing the Board of Directors in connection with the Company's 90 years anniversary to grant donations of no more than EUR 700,000 through the Finnish Cultural Foundation to a national youth project "Myrsky" and no more than EUR 500,000 to support activities of Finnish universities. The donations will be payable during year 2010 on dates determined by the Board of Directors. The total maximum amount of the donations will be EUR 1,200,000.
Mr. Pekka Merilampi, lagman, chaired the meeting.
The minutes of the Annual General Meeting will be available on the Company's website at www.huhtamaki.com as from April 7, 2010.
Mr. Juha Salonen, Senior Vice President, Administration and General Counsel, Tel. +358 (0)10 686 7851
Huhtamaki Group is a leading manufacturer of consumer and specialty packaging with 2009 net sales totaling EUR 2 billion. Foodservice and consumer goods markets are served by approximately 13,000 people in 54 manufacturing units and several sales offices in 33 countries. The parent company, Huhtamäki Oyj, has its head office in Espoo, Finland and its share is quoted on the NASDAQ OMX Helsinki Ltd. Additional information is available at www.huhtamaki.com.