Proposals by Huhtamäki Oyj's Board of Directors and Audit Committee to the Annual General Meeting of Shareholders
HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 11.2.2011 AT 09:00
The Annual General Meeting of Shareholders (AGM) of Huhtamäki Oyj will be held on Wednesday April 20, 2011 at 13.00 in the Finlandia Hall, Congress Wing, Mannerheimintie 13 e, Helsinki.
Proposal to Distribute Retained Earnings
The Board of Directors proposes, based on the balance sheet to be adopted for the financial period ended on December 31, 2010, a dividend of EUR 0.44 per share to be paid. The dividend is proposed to be paid on May 4, 2011 to a shareholder who on the record date April 27, 2011 is registered as a shareholder in the Company's shareholders' register.
No significant changes have taken place in the Company's financial position since the end of the financial year. The Company's liquidity position is good and the proposed distribution does not, in the view of the Board of Directors, risk the Company's ability to fulfill its obligations.
Proposal for Election and Remuneration of Auditor
The Audit Committee of the Board of Directors proposes that Authorized Public Accountant firm Ernst & Young Oy shall be elected as Auditor for the financial year January 1 - December 31, 2011. Ernst & Young Oy has announced Mr. Harri Pärssinen, APA, to be the Auditor with principal responsibility.
The Audit Committee proposes that the Auditor's remuneration shall be paid against an approved invoice.
The notice to convene the Annual General Meeting of Shareholders is planned to be published in the Helsingin Sanomat newspaper on March 29, 2011.
For further information, please contact:
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 2010 net sales totaling EUR 2 billion. Foodservice and consumer goods markets are served by approximately 12,000 people in 53 manufacturing units and several sales offices in 31 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.