It was resolved that the Board of Directors will have four members. Industrial counsellor
At its organizing meeting following the Annual General Meeting, Valoe's Board of Directors elected
The Annual General Meeting resolved that an annual remuneration of
General Meeting resolved to authorize the Board of Directors to decide on a share issue with and/or without payment, either in one or in several occasions, including right to resolve on option rights and other rights entitling to shares pursuant to the Chapter 10, Section 1 of the Finnish Companies Act so that the number of new shares issued based on the authorization or number of shares issued based on option rights and other special rights entitling to the shares pursuant to the Chapter 10, Section 1 of the Finnish companies Act, could increase by a total maximum amount of 150,000,000 shares. The authorization does not exclude the Board’s right to decide also on directed issue of shares or option rights and other special rights pursuant to the Chapter 10, Section 1 of the Finnish Companies Act. The authorization may be used for important arrangements from the company’s point of view e.g. to strengthen the capital structure, to finance investments, for acquisitions and business transactions or other business arrangements, or to expand ownership structure, or for other purposes resolved by the Board involving a weighty financial reason for issuing shares or option rights or special rights entitling to shares pursuant to the Chapter 10, Section 1 of the Finnish Companies Act. The share issue may be executed by deviating from the shareholders' pre-emptive subscription right provided the company has a weighty financial reason for that. The authorization is in force until
The AGM discussed the Board of Directors’ proposal, agenda item 17 in the Notice to the AGM, to authorize the Board of Directors to decide on option rights for a stock option scheme directed to the company’s personnel, the Directors of the Board and CEO. Following the discussion, the Board of Directors resolved to withdraw the proposal. The Board of Directors will continue to prepare an incentive plan and will give a new proposal to an extraordinary general meeting later.
The CEO’s presentation given at the meeting will be available on the company’s website.
In Mikkeli
Board of Directors
For more information:
Tel. +358 40 521 6082
email: iikka.savisalo@valoe.com
Distribution:
NASDAQ OMX,
Main media
www.valoe.com
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