Vacon Plc's Annual General Meeting
(Thomson Reuters ONE) -
Vacon, Stock Exchange Release, March 22, 2011 at 7.15 p.m.
Vacon Plc's annual general meeting was held on 22 March 2011 in Vaasa. The
general meeting approved the company's financial statement for the fiscal year
2010 and discharged the members of the board of directors and the President and
CEO from liability for the fiscal year 2010. The general meeting adopted the
proposals of the board of directors that a dividend of EUR 1.00 will be paid per
share. The general meeting adopted the proposals of the board of directors to
authorize the board of directors to resolve to repurchase shares in the company
and to issue shares.
The financial statement of Vacon Plc for the fiscal year 2010 was approved.
The general meeting adopted the proposal by the board of directors to pay a
dividend of EUR 1.00 per share or EUR 15,214,435 in total. The record day for
the dividend payment is 25 March 2011. The dividend will be paid on 4 April
2011.
The general meeting discharged the members of the board of directors and the
President and CEO from liability for the fiscal year 2010. The number of members
of the board of directors was confirmed to be seven (7). Pekka Ahlqvist, Jari
Eklund, Jan Inborr, Juha Kytölä, Panu Routila, Mika Vehviläinen and Riitta
Viitala were re-elected as members of the board of directors. Jan Inborr was re-
elected chairman and Mika Vehviläinen was elected vice chairman of the board of
directors at the constitutory meeting of the board of directors.
The general meeting resolved to pay the members of the board of directors a
basic fee of EUR 1,250 a month and an additional fee of maximum EUR 2,500 a
month. It was resolved that the chairman of the board of directors shall be paid
twice the basic fee and twice the additional fee paid to the members of the
board of directors.
The number of auditors was confirmed to be one (1). PricewaterhouseCoopers Oy
was elected as the company's auditor with Markku Katajisto as responsible
auditor.
The general meeting adopted the proposal of the board of directors to authorize
the board of directors to resolve to repurchase shares in the company. The
proposal of the board of directors was reported in the stock exchange release of
17 February 2011.
The general meeting adopted the proposal of the board of directors to authorize
the board of directors to decide on share issuance. The proposal of the board of
directors was reported in the stock exchange release of 17 February 2011.
All decisions adopted at the general meeting were made unanimously unless
otherwise stated in the minutes of the meeting.
VACON PLC
Board of Directors
Further information:
* President and CEO, Vesa Laisi, Phone +358 (0)40 837 1510
* Chairman of the Board, Jan Inborr, Phone +358 (0)400 203 612
Press contact:
* Director, Corporate Communications, Sebastian Linko, Phone +358 40 837 1634
Vacon in brief:
Vacon is driven by a passion to design, manufacture and sell only the best AC
drives on the planet - and nothing else. AC drives can be used to control
electric motors or to help generate power from renewable sources. Vacon has R&D
and production units in Finland, the United States, China and Italy, and sales
offices in 27 countries. In 2010, Vacon had revenues of EUR 338 million and
globally employed 1,300 people. Vacon's shares (VAC1V) are listed and publicly
traded on the Helsinki Stock Exchange.
Driven by Drives, www.vacon.com
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Source: Vacon Oyj via Thomson Reuters ONE
[HUG#1499163]
Unternehmensinformation / Kurzprofil:
Datum: 22.03.2011 - 18:15 Uhr
Sprache: Deutsch
News-ID 52683
Anzahl Zeichen: 4516
contact information:
Town:
Vaasa
Kategorie:
Business News
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"Vacon Plc's Annual General Meeting"
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Vacon Oyj (Nachricht senden)
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