Resolutions of Huhtamäki Oyj's Annual General Meeting of Shareholders
HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 21.4.2016 AT 14:40
Resolutions of Huhtamäki Oyj's Annual General Meeting of Shareholders
Huhtamäki Oyj's Annual General Meeting of Shareholders was held in Helsinki on April 21, 2016. The meeting adopted the Annual Accounts including the Consolidated Annual Accounts for 2015 and discharged the members of the Company's Board of Directors and the CEO from liability.
Dividend
Dividend for 2015 was set at EUR 0.66 per share. The dividend will be paid to a shareholder who on the record date April 25, 2016 is registered as a shareholder in the Company's shareholders' register held by Euroclear Finland Ltd. The dividend will be paid on May 2, 2016.
Composition of the Board of Directors
The number of members of the Board of Directors was confirmed to be seven (7). Ms. Eija Ailasmaa, Mr. Pekka Ala-Pietilä, Mr. William R. Barker, Mr. Rolf Börjesson, Mr. Jukka Suominen and Ms. Sandra Turner were re-elected as members of the Board of Directors and Mr. Doug Baillie was elected as a new member of the Board of Directors for a term ending at the end of the next Annual General Meeting.
The Board of Directors convened immediately after the Annual General Meeting and elected Mr. Pekka Ala-Pietilä as the Chairman of the Board and Mr. Jukka Suominen as the Vice-Chairman of the Board.
Remuneration of the members of the Board of Directors
The Annual General Meeting confirmed that the annual remuneration to the members of the Board of Directors be paid as follows: to the Chairman EUR 120,000, to the Vice-Chairman EUR 68,000 and to other members EUR 57,000. In addition, the Annual General Meeting confirmed that the meeting fees will remain unchanged and thus be paid for each meeting attended as follows: EUR 1,000 for all meetings, except EUR 2,000 to the Chairman for the Audit Committee meetings, EUR 1,200 to the Chairman for the Human Resources Committee meetings and EUR 1,200 to the Chairman for the Nomination Committee meetings. Traveling expenses are compensated in accordance with the Company policy.
Auditor
Ernst & Young Oy, a firm of authorized public accountants, was elected as Auditor of the Company for the financial year January 1 - December 31, 2016. Mr. Harri Pärssinen, APA, will be the Auditor with principal responsibility.
The Auditor's remuneration is paid against an invoice approved by the Audit Committee of the Board of Directors.
Authorization for the Board of Directors to resolve on the repurchase of the Company's own shares
The Board of Directors was authorized to resolve on the repurchase of an aggregate maximum of 10,776,038 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, 2017.
Authorization for the Board of Directors to resolve on the issuance of shares and the issuance of special rights entitling to shares
The Board of Directors was authorized to resolve on the issuance of shares and the issuance of special rights entitling to shares. The aggregate number of shares to be issued on the basis of the authorization may not exceed 14,000,000 shares, however so that the number of new shares to be issued may not exceed 10,000,000 shares and the number of own treasury shares to be transferred may not exceed 4,000,000 shares. The authorization remains in force until the end of the next Annual General Meeting, however, no longer than until June 30, 2017.
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 5, 2016 at the latest.
For further information, please contact:
Sami Pauni, Senior Vice President, Corporate Affairs and Legal, Group General Counsel, tel. +358 10 686 7872
HUHTAMÄKI OYJ
Group Communications
Huhtamaki is a global specialist in packaging for food and drink. With our network of 71 manufacturing units and 23 sales offices in 34 countries, we're well placed to support our customers' growth wherever they operate. Mastering three distinctive packaging technologies, approximately 16,000 employees develop and make packaging that helps great products reach more people, more easily. In 2015 our net sales totaled EUR 2.7 billion. The Group has its head office in Espoo, Finland and the parent company Huhtamäki Oyj is listed on Nasdaq Helsinki Ltd. Additional information is available at www.huhtamaki.com.