Annual General Meeting 2009
Raute Corporation's Annual General Meeting 2009
Raute Corporation's Annual General Meeting confirmed on 2 April 2009 the Financial Statements for 2008 and discharged those responsible from liability.
The Annual General Meeting decided according to the proposal of the Board of Directors to distribute the dividend EUR 0.70 per share be paid for series A and K shares, with the payment date April 16, 2009. The record date is April 7, 2009.
The Annual General Meeting elected the Board of Directors for the next term of office ending at the Annual General Meeting in 2010. Mr. Erkki Pehu-Lehtonen was elected Chairman of the Board of Directors, Ms. Sinikka Mustakallio was elected Vice-Chairman of the Board of Directors and Mr. Risto Hautamäki, Mr. Ilpo Helander, Mr. Mika Mustakallio, and Mr. Panu Mustakallio were elected members of the Board of Directors.
Ms. Anna-Maija Simola (Authorized Public Accountant) and Mr. Antti Unkuri (Authorized Public Accountant) were elected as auditors. The auditing company Ernst & Young Oy was elected as the deputy auditor.
The Annual General Meeting decided that the remuneration to the Chairman of the Board continues to be 40,000 euros and to the Vice-Chairman of the Board and Board members 20,000 euros for the term of office. The Board members' travelling expenses will be compensated according to the company's travel policy. The compensation to the company's auditor(s) will be paid on the basis of reasonable invoicing.
The Annual General Meeting decided to amend the Articles of Association mainly due to the new Limited Liabilities Companies Act, which came into force on September 2, 2006.
The Annual General Meeting decided to authorize the Board to decide on the repurchase of a maximum of 400,000 Raute Corporation series A shares using assets from the company's non-restricted equity, which would lead to a decrease in the company's distributable assets.
The Annual General Meeting decided to authorize the Board to decide on a directed issue of Raute Corporation's series A shares, as well as on all of the related conditions, including the recipients and the sum of consideration to be paid. The Board of Directors may decide to issue either new shares or company shares held by Raute. The maximum number of shares issued is 400,000 series A shares.
Minutes of the Annual General Meeting (PDF).
A Stock Exchange Release of the decisions made by Raute Corporation's Annual General Meeting 2009 was published on 2 April 2009 at 7:45 p.m.
President and CEO Tapani Kiiski's presentation to the Annual General Meeting (PDF).