Raisio plc: Annual General Meeting 27 April 2020

Raisio plc    Stock Exchange Release 27 April 2020

RAISIO'S ANNUAL GENERAL MEETING 27 APRIL 2020

Raisio plc's Annual General Meeting (AGM) was held with special arrangements on 27 April 2020 at the company's headquarters in Raisio. The AGM approved the financial statements, including the consolidated financial statements for the financial year 1 January - 31 December 2019, confirmed the remuneration policy and granted the members of the Board of Directors and the Supervisory Board as well as the CEO discharge from liability. The AGM decided to pay a dividend of EUR 0.13 per share. The Board of Directors' proposals to the AGM were approved without changes. 

DIVIDEND PAYMENT 

The AGM approved the Board of Directors' proposal to pay a dividend of EUR 0.13 for each restricted and free share. The dividend will be paid on 7 May 2020 to each shareholder who is entered in the shareholders' register on the record date of 29 April 2020. The dividend will not be paid on the shares held by the company.

REMUNERATION POLICY

The AGM resolved to confirm the Remuneration Policy for the governing bodies as proposed to the AGM. 

NOMINATIONS 

The number of members of the Board of Directors was confirmed to be six, and Erkki Haavisto, Ilkka Mäkelä, Leena Niemistö, Ann-Christine Sundell, Pekka Tennilä and Arto Tiitinen were re-appointed, all of them for the term commencing at the closing of the AGM. 

The Chairman of the Board will be paid a monthly fee of EUR 5,000 and the members a monthly fee of EUR 2,500. Approximately 20% of the fee will be paid with the company's own shares and approximately 80% in cash. The fees are paid in two equal instalments during the term so that the first payment will be made on 15 June and the second on the 15 December. In addition to this, a remuneration of EUR 800 in cash will be paid to the Chairman of the Board for each board meeting and to the chairmen of the committees set by the Board among its members for each committee meeting and a remuneration of EUR 400 in cash to the members of the Board for each board meeting, including the meetings of committees set by the Board among its members. For a teleconference meeting this remuneration will be EUR 400 in cash to the Chairman of the Board for each teleconference meeting of the board and to the chairmen of the committees for each teleconference meeting of the committee and EUR 200 in cash to the members of the board. Moreover, they will receive a per diem allowance for meeting days and their travel expenses will be compensated according to the company's travelling rules.

The number of members of the Supervisory Board was confirmed to be 25. Henrik Brotherus, Timo Könttä, Juha Marttila, Paavo Myllymäki, Yrjö Ojaniemi and Olli-Pekka Saario were re-elected and Johannes Tiusanen was elected as a new member of the Supervisory Board, all for the term commencing at the closing of this AGM. 

The annual remuneration payable to the Chairman of the Supervisory Board will be EUR 12,000 and the members will receive a payment of EUR 350 for each meeting, in addition to which their travel expenses will be compensated and they will receive a per diem allowance for the meeting days according to the company's travelling rules. The Meeting also decided to pay the Chairman of the Supervisory Board -and if he/she is unable to attend, to the Deputy Chairman - a fee of EUR 350 for each attended Board Meeting.

Authorised public accountants Esa Kailiala and Kimmo Antonen were re-elected as regular auditors. KPMG Oy Ab and authorised public accountant Niklas Oikia were re-elected as deputy auditors. Their term commenced at the closing of this AGM and ends with the closing of the following Annual General Meeting.

AUTHORISATION TO REPURCHASE OWN SHARES AND TO ISSUE SHARES

The AGM authorised the Board of Directors to decide on the repurchase of and/or accepting as pledge a maximum of 5,000,000 free shares and 1,250,000 restricted shares. The authorisation will be valid until 30 April 2021.

Furthermore, the AGM authorised the Board of Directors to decide on share issues (1) by assigning a total of no more than 12,500,000 free shares that are in the Company's possession and a total of no more than 1,460,000 restricted shares that are in the Company's possession and (2) by issuing a maximum of 20,000,000 new free shares. The share issue authorisation will be valid until 30 April 2021.

The details of the authorisations are available in the Notice to the AGM published as stock exchange release on 31 March 2020.

The authorisations to repurchase own shares and to issue shares given by the AGM in 2019 expire on 27 April 2020. 

 

RAISIO PLC

Mika Saarinen
Director - Treasury, IR and Communications
Tel. [phone], [e-mail]

Further information:
Aija Immonen, Secretary of the Board, tel. [phone]

Raisio is an international company specialised in healthy, responsibly produced food, ingredients and fish feeds. Our well-known brands include, for example, Benecol, Elovena, Sunnuntai, Torino and Benella. In Raisio's products, the focus is on well-being, health, good taste and sustainable development. Profitable growth is ensured through our strong expertise and passion for creating new. Raisio's shares are listed on Nasdaq Helsinki Ltd. In 2019, the Group's net sales totalled EUR 236 million and EBIT was EUR 27 million. Our food is good for Health, Heart and Earth. For more information on Raisio go to www.raisio.com.

Distribution
Nasdaq
Key media
www.raisio.com

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