Proposals by Tieto's Board of Directors to the Annual General Meeting to be held on 24 March 2011
(Thomson Reuters ONE) -
Tieto Corporation STOCK EXCHANGE RELEASE 10 February 2011, 1.45 p.m. EET
1 Payment of dividend
The Board of Directors proposes to the Annual General Meeting that a dividend of
EUR 0.70 per share be paid from the distributable assets for the financial year
that ended on 31 December 2010. The dividend shall be paid to shareholders who
on the record date for the dividend payment 29 March 2011 are recorded in the
shareholders' register held by Euroclear Finland Ltd or the register of
Euroclear Sweden AB. It is proposed that the dividend be paid out as from 13
April 2011.
2 Authorizing the Board of Directors to decide on the repurchase of the
company's own shares
The Board of Directors proposes to the Annual General Meeting that the Board of
Directors be authorized to decide on the repurchase of the company's own shares
as follows:
The amount of own shares to be repurchased shall not exceed 7 200 000 shares,
which corresponds to approximately 10% of all of the shares in the company. Only
the unrestricted equity of the company can be used to repurchase own shares on
the basis of the authorization.
The company's own shares can be repurchased at a price formed in public trading
on the date of the repurchase or at a price that has otherwise been formed on
the market.
The Board of Directors decides how the share repurchase will be carried out. Own
shares can be repurchased, inter alia, by using derivatives. The company's own
shares can be repurchased otherwise than in proportion to the shareholdings of
the shareholders (directed repurchase of shares).
The authorization cancels previous unused authorizations by the General Meeting
to decide on the repurchase of the company's own shares.
The authorization is effective until the next Annual General Meeting, however,
no later than until 24 September 2012.
3 Donations for philanthropic purposes
The Board of Directors proposes to the Annual General Meeting to authorize the
Board of Directors to decide on donations to a maximum amount of EUR 150 000 to
be made for philanthropic or corresponding purposes until the Annual General
Meeting 2012 and to authorize the Board of Directors to determine its purpose
and the donee or donees in detail.
Helsinki, 9 February 2011
Tieto Corporation
Board of Directors
For further information, please contact
Jouko Lonka, General Counsel, tel.
+358 207 268719, +358 400 424451,jouko.lonka(at)tieto.com
DISTRIBUTION
NASDAQ OMX Helsinki
NASDAQ OMX Stockholm
Principal Media
Tieto is the leading IT service company in Northern Europe providing IT and
product engineering services. Our highly specialized IT solutions and services
complemented by a strong technology platform create tangible business benefits
for our local and global customers. As a trusted transformation partner, we are
close to our customers and understand their unique needs. With more than 17 000
experts, we aim to become a leading service integrator creating the best service
experience in IT.www.tieto.com
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: Tieto Oyj via Thomson Reuters ONE
[HUG#1487648]
Unternehmensinformation / Kurzprofil:
Datum: 10.02.2011 - 12:48 Uhr
Sprache: Deutsch
News-ID 51325
Anzahl Zeichen: 3995
contact information:
Town:
Helsinki
Kategorie:
Business News
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