Resolutions of Huhtamäki Oyj's Annual General Meeting of Shareholders
HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 24.4.2014 AT 14:35
Resolutions of Huhtamäki Oyj's Annual General Meeting of Shareholders
Huhtamäki Oyj's Annual General Meeting of Shareholders was held in Helsinki on April 24, 2014. The meeting adopted the Company's Annual Accounts and the Consolidated Annual Accounts for 2013 and discharged the members of the Company's Board of Directors and the CEO from liability.
Dividend
Dividend for 2013 was set at EUR 0.57 per share, as proposed by the Board of Directors. The dividend will be paid to a shareholder who on the record date April 29, 2014 is registered as a shareholder in the Company's shareholders' register held by Euroclear Finland Ltd. The dividend will be paid on May 7, 2014.
Composition of the Board of Directors
Seven (7) members of the Board of Directors were elected for a term ending at the end of the next Annual General Meeting. To the Board of Directors were re-elected Ms. Eija Ailasmaa, Mr. Pekka Ala-Pietilä, Mr. William R. Barker, Mr. Rolf Börjesson, Ms. Maria Mercedes Corrales, Mr. Jukka Suominen and Ms. Sandra Turner.
The Board of Directors convened immediately after the Annual General Meeting and elected Mr. Pekka Ala-Pietilä 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 that the remuneration for the members of the Board of Directors is kept unchanged and thus the following annual remuneration is paid: for the Chairman EUR 100,000, for the Vice-Chairman EUR 60,000 and for other members EUR 50,000. In addition, the following meeting fees are paid for each meeting attended: EUR 600 to all members for the Board meetings, EUR 2,000 to the Chairman and EUR 1,000 to the other members for the Audit Committee meetings, EUR 1,200 to the Chairman and EUR 600 to the other members for the Human Resources Committee meetings and EUR 1,200 to the Chairman and EUR 600 to the other members for the Nomination Committee meetings. Traveling expenses of the Board members are compensated in accordance with the Company policy.
Auditor
The Authorized Public Accountant firm Ernst & Young Oy was elected as Auditor of the Company for the financial year January 1 - December 31, 2014. Mr. Harri Pärssinen, APA, shall be the Auditor with principal responsibility.
Authorization for the Board of Directors to decide on the repurchase of the Company's own shares
The Annual General Meeting resolved, as proposed by the Board of Directors, to authorize the Board of Directors to decide on the repurchase of the Company's own shares. The authorization remains in force until the end of the next Annual General Meeting, however, no longer than until June 30, 2015.
Authorization for the Board of Directors to decide on the issuance of shares as well as the issuance of special rights entitling to shares
The Annual General Meeting resolved, as proposed by the Board of Directors, to authorize the Board of Directors to decide on the issuance of shares as well as the issuance of special rights entitling to shares. The authorization remains in force until the end of the next Annual General Meeting, however, no longer than until June 30, 2015.
Mr. Manne Airaksinen, Attorney-at-Law, chaired the meeting.
The minutes of the Annual General Meeting will be available on the Company's website at www.huhtamaki.com as from May 8, 2014.
For further information, please contact:
Sami Pauni, Group Vice President, Legal, and General Counsel, tel. +358 10 686 7872
HUHTAMÄKI OYJ
Group Communications
Huhtamaki Group is a leading manufacturer of consumer and specialty packaging with 2013 net sales totaling EUR 2.3 billion. Foodservice and consumer goods markets are served by approximately 14,400 people in 61 manufacturing units and several sales offices in 30 countries. The parent company, Huhtamäki Oyj, has its head office in Espoo, Finland and its share is quoted on NASDAQ OMX Helsinki Ltd. Additional information is available at www.huhtamaki.com.