Decisions by the Annual General Meeting of
1. Financial statements, Board and Auditors
The AGM confirmed the company's financial statements for the financial year 1 January -
The AGM decided that six members be elected to the Board of Directors and re-elected Pekka Rönkä, Kyösti Kakkonen,
The AGM decided that the Chairman of the Board be entitled to an annual emolument of
A total of 40 per cent of Board members' emoluments will be settled in the form of company shares, while 60 per cent will be comprised of a monetary payment.
The AGM further decided that an attendance allowance of
The AGM re-elected
2. Annual profit distribution, dividend distribution and capital repayment
The AGM decided to accept the Board's proposal on profit distribution, according to which the parent company's profit for the financial period,
3. Authorizing the Board of Directors to decide to repurchase the Company's own shares
The AGM authorized the Board of Directors to resolve on the acquisition of a maximum of 1,329,951 of the company's own shares in one or more tranches using the company's unrestricted equity. The company may buy back shares in order to develop its capital structure, finance and implement any corporate acquisitions or other transactions, implement share-based incentive plans, or otherwise transfer or cancel them.
The company may buy back shares in public trading on marketplaces whose rules and regulations allow the company to trade in its own shares. In such a case, the company buys back shares through a directed purchase, that is, in a proportion other than its shareholders' holdings in company shares, with the consideration for the shares based on their publicly quoted market price so that the minimum price of the purchased shares equals the lowest market price quoted in public trading during the authorization period, and, similarly, their highest price equals the highest market price quoted in public trading during that period.
The authorization is effective until the end of the Annual General Meeting held in 202, yet no further than until
4. Authorizing the Board of Directors to decide on a share issue and on granting stock options and other special rights entitling to shares
The Annual General Meeting decided to authorize the Board of Directors to decide on issuing a maximum of 1,329,951 shares in a share issue or on granting special rights (including stock options) entitling holders to shares as referred to in Chapter 10 Section 1 of the Companies Act, in one or several tranches.
This authorization is to be used to finance and implement any prospective corporate acquisitions or other transactions, to implement the company's share-based incentive plans, or for other purposes determined by the Board.
The authorization grants the Board the right to decide on all terms and conditions governing the share issue and the granting of said special rights, including the subscribers or the recipients of said special rights and the payable consideration. The authorization also includes the right to issue shares by deviating from the shareholders' pre-emptive rights, i.e. by issuing them in a directed manner. The authorization of the Board covers both the issue of new shares and the transfer of any shares that may be held by the company.
The authorization is effective until the end of the Annual General Meeting held in 2021, yet no further than until
Board of Directors
For further information, please contact:
CEO
jouni.toijala@revenio.fi
www.revenio.fi
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