Decisions of Wärtsilä's Annual General Meeting 8 March 2012
(Thomson Reuters ONE) -
Wärtsilä Corporation, Minutes of Annual General Meeting, 8 March 2012 at 6.15 pm
local time
Wärtsilä's Annual General Meeting approved the financial statements and
discharged the members of the Board of Directors and the company's President &
CEO from liability for the financial year 2011. The Meeting approved the Board
of Directors' proposal to pay a dividend of EUR 0.90 per share. The dividend
will be paid to shareholders who are recorded in the company's shareholder
register maintained by Euroclear Finland Ltd. The record date is 13 March 2012.
The dividend will be paid on 20 March 2012.
The Annual General Meeting approved the following fees to the members of the
Board of Directors:
- to the ordinary members EUR 60,000/year
- to the deputy chairman EUR 90,000/year
- to the chairman EUR 120,000/year
In addition, each member will be paid EUR 400/meeting of the Board attended, the
chairman's meeting fee being double this amount. Each member of the Nomination
Committee and the Remuneration Committee will be paid EUR 500/committee meeting
attended and each member of the Audit Committee will be paid EUR
1,000/committee meeting attended, the chairman's meeting fee being double these
amounts. Roughly 40% of the annual fee is paid in Wärtsilä shares.
Board of Directors and Auditor
The Annual General Meeting decided that the Board of Directors shall have nine
members. The following were elected to the Board: Ms Maarit Aarni-Sirviö, Mr
Kaj-Gustaf Bergh, Mr Alexander Ehrnrooth, Mr Paul Ehrnrooth, Mr Lars Josefsson,
Mr Mikael Lilius, Ms Gunilla Nordström, Mr Markus Rauramo and Mr Matti Vuoria.
It was decided to pay the auditors' fees as invoiced. The firm of public
auditors KPMG Oy Ab were appointed as the company's auditors for the year 2012.
Authorisation to repurchase and distribute the Company's own shares
The Board of Directors was authorised to resolve to repurchase a maximum of
19,000,000 of the Company's own shares. The authorisation to repurchase the
Company's own shares shall be valid until the close of the next Annual General
Meeting, however no longer than for 18 months from the authorisation of the
shareholders' meeting.
The Board of Directors was authorised to resolve to distribute a maximum of
19,000,000 of the Company's own shares. The authorisation for the Board of
Directors to distribute the Company's own shares shall be valid for three years
from the authorisation of the shareholders' meeting. The Board of Directors is
authorised to resolve to whom and in which order the own shares will be
distributed. The Board of Directors is authorised to decide on the distribution
of the Company's own shares otherwise than in proportion to the existing pre-
emptive right of the shareholders to purchase the Company's own shares.
The decisions were taken without voting.
The minutes of the meeting will be available on www.wartsila.com/investors as of
22 March 2012 at the latest.
This announcement is distributed by Thomson Reuters on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Wärtsilä Oyj Abp via Thomson Reuters ONE
[HUG#1592611]
Unternehmensinformation / Kurzprofil:
Datum: 08.03.2012 - 17:15 Uhr
Sprache: Deutsch
News-ID 123245
Anzahl Zeichen: 3848
contact information:
Town:
Helsinki
Kategorie:
Business News
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