Proposals to Kesko Corporation's Annual General Meeting
(Thomson Reuters ONE) - KESKO CORPORATION STOCK EXCHANGE RELEASE 05.02.2010 AT 09.30 1(2)Kesko Corporation's Board of Directors has decided to propose to the AnnualGeneral Meeting to be held on 29 March 2010 that a dividend of EUR0.90 per sharebe paid for 2009, and that an amendment be made to the Articles of Association.The Board of Directors' Audit Committee proposes that the firm of auditorsPricewaterhouseCoopers Oy, Authorised Public Accountants, be elected as theauditor of the company.Kesko Corporation's shareholders are invited to the Annual General Meeting to beheld in the Helsinki Fair Centre's congress wing, Messuaukio 1 (congress wingentrance), Helsinki, on Monday, 29 March 2010, starting at 13.00. In addition tothe business specified for the Annual General Meeting in Article 10 of theArticles of Association, the following proposals of the Board of Directors andits Audit Committee will be handled by the Meeting:Distribution of profitThe Board of Directors proposes that a dividend of EUR0.90 per share be paid forthe year 2009 on the basis of the adopted balance sheet. The dividend would bepaid to shareholders registered in the Company's register of shareholders keptby Euroclear Finland Ltd on 1 April 2010. The Board of Directors proposes thatthe dividend pay date be 12 April 2010. In addition, the Board of Directorsproposes that EUR1,300,000.00 be reserved for charitable donations.Auditor, auditor's fee and basis for reimbursement of expensesThe Board of Directors' Audit Committee proposes that the auditor be the firm ofauditors PricewaterhouseCoopers Oy, Authorised Public Accountants, who haveannounced Johan Kronberg, APA, to be their auditor with principalresponsibility. The Board of Directors' Audit Committee proposes that theauditor's fee and expenses be reimbursed according to invoice approved by thecompany.Amendment to the Articles of Association (appendix 1)In consequence of the amendment to the Finnish Companies Act effective 31December 2009, the Board of Directors proposes that Article 9 of the Articles ofAssociation be amended so that the notice of a General Meeting shall be givennot later than three weeks before the General Meeting, but in any case at leastnine days before the record date of the General Meeting, referred to in Chapter4, Article 2, Subsection 2 of the Finnish Companies Act.The financial statements and the proposals of the Board of Directors and itsAudit Committee will be published on the company's website on week 9. The exactdate will be notified in a separate stock exchange release. Copies of thedocuments will be sent to shareholders on request. They will also be availableat the Annual General Meeting.The notice of the Annual General Meeting will be published separately at a laterdate in Helsingin Sanomat and Kauppalehti, and as a stock exchange release.Further information is available from Vice President, General Counsel AnneLepp?-Nilsson, tel. +358 1053 22347.Kesko CorporationPaavo MoilanenSenior Vice President, Corporate Communications and ResponsibilityDISTRIBUTIONNASDAQ OMX HelsinkiMain news mediawww.kesko.fiAppendix 1PROPOSAL BY KESKO CORPORATION'S BOARD OF DIRECTORSTO AMEND ARTICLE 9 OF THE ARTICLES OF ASSOCIATIONKesko Corporation's Board of Directors proposes to the Annual General Meeting tobe held on 29 March 2010 that Article 9 of the Articles of Association beamended so that the notice of a General Meeting shall be given not later thanthree weeks before the General Meeting, but in any case at least nine daysbefore the record date of the General Meeting, referred to in Chapter 4, Article2, Subsection 2 of the Finnish Companies Act.Proposed new Article 9 of Kesko Corporations' Articles of Association"§ 9Notice of the General MeetingThe notice of a General Meeting shall be given to shareholders by means of anannouncement published in at least two (2) national newspapers. The notice ofthe meeting shall be given at the earliest two (2) months and at the latestthree (3) weeks before the General Meeting. In any case, the notice must begiven at least nine (9) days before the record date of the General Meeting,referred to in Chapter 4, Article 2, Subsection 2 of the Companies Act.To have the right to attend a General Meeting, shareholders shall register withthe company not later than on the date given in the notice of the meeting, whichdate may not be earlier than ten (10) days prior to the meeting."[HUG#1381041]
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Datum: 05.02.2010 - 08:31 Uhr
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