Annual General Meeting 2018
Raute Corporation's Annual general meeting is scheduled to be held in Lahti on Thursday March 22, 2018.
Possible requests from shareholders to include an item on the agenda of 2018 Annual General Meeting should be submitted in writing with a statement of reasons or a resolution proposal no later than February 20, 2018 by mail to Raute Corporation, Board of Directors, P.O. Box 69, FI-15551 Nastola, Finland, or by email to firstname.lastname@example.org.
APPOINTMENTS COMMITTEE'S PROPOSAL REGARDING COMPOSITION OF
RAUTE CORPORATION'S BOARD OF DIRECTORS
Raute Corporation's Appointments Committee has informed that it will propose to the Annual General Meeting convening on 22 March 2018 that the number of the Board members is six. The Appointments Committee proposes that Mr. Erkki Pehu-Lehtonen, M.Sc. (Eng.), be re-elected as Chairman of the Board of Directors, Mr. Mika Mustakallio, M.Sc. (Econ.), be re-elected as Vice Chairman of the Board of Directors and Mr. Joni Bask, M.Sc. (Eng.), Mr. Patrick von Essen, M.Sc. (Eng.), Ms. Laura Raitio, Lic.Tech. (Forest products technology), and Mr. Pekka Suominen, M.Sc. (Econ.), be re-elected as members of the Board of Directors.
The Appointments Committee further proposes that the remunerations to the Board members shall continue to be 40,000 euros to the Chairman of the Board and 20,000 euros to the Board members for the term of office.
Raute Corporation's Appointments Committee consists of Chairman of the Board Mr. Erkki Pehu-Lehtonen, Vice-Chairman Mr. Mika Mustakallio and Board member Mr. Pekka Suominen.
The proposals above will be included in the notice to the Annual General Meeting which will be published later.
Financial statement release on February 15, 2018:
BOARD OF DIRECTORS' PROPOSAL CONCERNING PROFIT DISTRIBUTION, DIVIDEND EUR 1.25 PER SHARE
On December 31, 2017, the parent company's distributable assets totaled EUR 29,525 thousand, of which EUR 9,162 thousand represents the profit for the financial year 2017.
The Board of Directors will propose to Raute Corporation's Annual General Meeting, to be held on March 22, 2018, that a dividend of EUR 1.25 per share be paid to holders of series A and K shares for the financial year 2017, and that the remainder of distributable assets be transferred to equity.
On the date of the profit distribution proposal, the number of shares entitling to a dividend is 4,249,248 shares, which would amount to total dividends of EUR 5,316 thousand. Shareholders who are registered in the shareholders' register maintained by Euroclear Finland Ltd on the record date for dividend payment, March 26, 2018, are entitled to dividends. The dividend payment date would be April 4, 2018.
No essential changes have taken place in the company's financial position since the end of the financial year. The company has good liquidity, and in the Board of Directors' view, the proposed dividend does not pose a risk to solvency.