DECISIONS OF RAPALA'S ANNUAL GENERAL MEETING ON APRIL 5, 2011
(Thomson Reuters ONE) -
Rapala VMC Corporation
Stock Exchange Release
April 5, 2011 at 4.00 pm
The Annual General Meeting of Rapala VMC Corporation (Rapala) adopted the
financial statement of the financial year 2010 and granted release from personal
liability for the Board of Directors and the President for the financial year
that ended on December 31, 2010.
The proposal concerning the dividend, EUR 0.23 per share, was approved. The
dividend will be paid on April 15, 2011 to each of the shareholders who on the
record date of April 8, 2011 have been entered in the list of shareholders kept
by the Euroclear Finland Ltd.
The meeting approved that there are seven members of the Board of Directors. The
re-elected members of the Board of Directors were Jorma Kasslin, Eero Makkonen,
Marc Speeckaert, Jan-Henrik Schauman, Christophe Viellard and Emmanuel Viellard,
and as a new member Isabelle de Bardies was elected. The meeting resolved that
the annual fee paid to each Board member is EUR 45 000 and EUR 100 000 to the
Chairman of the Board.
Ernst & Young Oy, Authorised Public Accountants, was appointed as Rapala's
auditor.
In accordance with the Board of Directors proposal, the Annual General Meeting
authorised the Board to resolve to repurchase a maximum of 2 000 000 own shares
by using funds in the unrestricted equity. The proposed number of shares
corresponds to less than 10 per cent of all shares in the company. The shares
may be repurchased to develop the company's capital structure. In addition, the
shares may be repurchased to finance or carry out business acquisitions or other
arrangements, to settle the company's equity-based incentive plans, to be
transferred for other purposes, or to be cancelled. The shares may be
repurchased in deviation from the proportion of the shares held by the
shareholders. The shares will be repurchased through public trading arranged by
NASDAQ OMX Helsinki Oy at the market price of the acquisition date. The shares
will be acquired and paid in pursuance of the rules of NASDAQ OMX Helsinki Oy
and applicable rules regarding the payment period and other terms of the
payment. The authorisation is in force until the end of the next Annual General
Meeting.
The Board of Directors of Rapala has on April 5, 2011 elected Emmanuel Viellard
as the Chairman of the Board of Directors.
RAPALA VMC CORPORATION
Jorma Kasslin
Chief Executive Officer
For further information, please contact Olli Aho, Company Counsel, tel:
+358 9 7562 540
Distribution: NASDAQ OMX Helsinki and main media
Rapala VMC Corporation (Rapala) is a leading fishing tackle company and the
global market leader in fishing lures, treble hooks and fishing related knives
and tools. The Group also has a strong global position in other fishing
categories and it is one of the leading distributors of outdoor, hunting and
winter sport products in the Nordic countries. The Group has the largest
distribution network in the industry. The main manufacturing facilities are
located in Finland, France, Estonia, Russia, China and the UK. The Group brand
portfolio includes the leading brand in the industry, Rapala, and other global
brands like VMC, Sufix, Storm, Blue Fox, Luhr Jensen, Williamson, Dynamite
Baits, Marttiini and Peltonen. The Group, with net sales of EUR 269 million in
2010, employs more than 2 000 people in 33 countries. Rapala's share is listed
and traded on the NASDAQ OMX Helsinki stock exchange since 1998.
Stock Exchange Release:
http://hugin.info/120091/R/1503569/438511.pdf
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Source: Rapala VMC Oyj via Thomson Reuters ONE
[HUG#1503569]
Unternehmensinformation / Kurzprofil:
Datum: 05.04.2011 - 15:00 Uhr
Sprache: Deutsch
News-ID 53179
Anzahl Zeichen: 4639
contact information:
Town:
Helsinki
Kategorie:
Business News
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"DECISIONS OF RAPALA'S ANNUAL GENERAL MEETING ON APRIL 5, 2011"
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