RESOLUTION OF THE ANNUAL GENERAL MEETING OF SOLIDIUM AND PUBLISHING OF ANNUAL REPORT
(Thomson Reuters ONE) -
The Annual General Meeting of the Shareholders of Solidium Oy was held in
Helsinki on 27 August 2010. The meeting adopted the financial statements for the
financial period 1 July 2009 to 30 June 2010 and discharged the Board of
Directors and the managing director from liability.
Solidium's profit for the financial period amounted to 397 million euros, net
asset value at the end of the financial period amounted to 7,715 million euros
and management cost ratio was 0.05 %. The Annual General Meeting resolved to
distribute, based on the proposal of the Board of Directors, a dividend of EUR
356 million. A summary of the financial period is attached to this press
release.
The number of the members of the Board of Directors was resolved to be seven
(7). All members of the board were re-elected: Mr. Keijo Suila as Chairman, Ms.
Eija Ailasmaa as Vice Chairman and Mr. Jouni Hakala, Mr. Antti Herlin, Mr. Lauri
Ihalainen, Mrs. Marketta Kokkonen and Mrs. Anni Vepsäläinen as members.
The remuneration of the Board of Directors was confirmed as follows: the
Chairman of the Board shall be paid EUR 5,500 per month, the Vice Chairman of
the board EUR 3,000 per month, and the other members of the Board EUR 2,500 per
month. A compensation of EUR 600 will be paid to the members of the Board for
attendance at each meeting.
The firm of authorized public accountants KPMG Oy Ab, APA Sixten Nyman with
principal responsibility, was appointed as the company's auditor to serve for a
term ending at the end of the next Annual General Meeting. The Annual General
Meeting resolved to remunerate the auditors in accordance with their invoice.
Solidium's Annual Report has been published today and it is available in Finnish
on Solidium's website www.solidium.fi. The English and Swedish language versions
will be published in September.
Attachment: Summary of the financial period July 1, 2009 - June 30, 2010
Further Information: Managing director Kari Järvinen, Solidium Oy, tel. +358
10 830 8905
Solidium is a limited company fully owned by the State of Finland. Its mission
is to strengthen and stabilise Finnish ownership in nationally important
companies and increase the value of its holdings in the long run. Investment
activities are based on financial analysis. The core of Solidium's investment
strategy is proper, value enhancing asset management of the current holdings.
Solidium is a minority owner through its stakes in eleven listed companies:
Elisa, Kemira, Metso, Outokumpu, Rautaruukki, Sampo, Sponda, Stora Enso,
TeliaSonera,Tieto and Tikkurila. The market value of Solidium's investments is
approximately 8.5 billion euros at the date of this press release. Further
information: www.solidium.fi.
[HUG#1441064]
Summary of the financial period 2009-2010:
http://hugin.info/142364/R/1441064/385359.pdf
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Source: Solidium Oy via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 30.08.2010 - 08:01 Uhr
Sprache: Deutsch
News-ID 40457
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contact information:
Town:
Helsinki
Kategorie:
Business News
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