Solteq Plc Stock Exchange Bulletin 16.3.2016 at 1.35 pm
The Annual General Meeting of Solteq Plc was held in Tampere today. The Annual General Meeting and the Board meeting, held after the Annual General Meeting made the following decisions:
DECISIONS IN ACCORDANCE WITH THE ARTICLES OF ASSOCIATION
Solteq’s Annual General Meeting approved the financial statement for period 1.1.-31.12.2015 and discharged the CEO and the Board of Directors from liability. The Board of Directors that finished its term of office on 19 October 2015 was discharged from liability as well.
The Board of Directors’ proposal of to the General Meeting that no dividend will be paid from the financial period ended on 31.12.2015 was accepted.
The Annual General Meeting decided that The Board of Directors includes six (6) members and that monthly remuneration of 1.200 euros and remuneration of 500 euros per meeting will be paid to each Board Member.
Aarne Aktan, Eeva Grannenfelt, Kirsi Harra-Vauhkonen, Markku Pietilä, Mika Uotila and Olli Väätäinen were elected as Board members. The composition of the Board of Directors remained the same.
The Annual General Meeting decided that the remuneration to the auditor shall be paid according to the auditor’s reasonable invoice. Authorised public accountants KPMG Oy Ab was re-elected as auditor of the company.
DECISIONS IN ACCORDANCE WITH THE PROPOSALS OF THE BOARD OF DIRECTORS
The Annual General Meeting decided that the 1§ of the Articles of Association is changed as follows:
“The company’s business name is Solteq Plc and it is domiciled in Vantaa.”
The Annual General Meeting authorized the Board of Directors to decide on share issue, carried out with or without payment and on issuing share options, and other special rights referred to in Chapter 10, Section1 of the Finnish Companies Act as follows:
The maximum total amount of shares or other rights is 5.000.000. The authorization includes the right to give new shares or convey company’s own shares. The authorization includes a right to deviate from the shareholders’ pre-emptive right of subscription if there is a significant reason in company’s opinion, e.g. to improve the capital structure, to finance and execute business acquisitions and other business improvement arrangements or to be used as a part of remuneration of personnel. The authorization includes that the board of directors may decide the terms and other matters concerning the share issue. The authorization is effective until the next Annual General Meeting, however, no longer than until April 30, 2017.
DECISIONS OF THE BOARD MEETING HELD AFTER THE ANNUAL GENERAL MEETING
In the Board meeting, held after the Annual General Meeting, Mika Uotila was elected as the Chairman of the Board.
In addition the Board of Directors decided to appoint the Audit Committee. The members of the Audit Committee are Aarne Aktan, Markku Pietilä and Mika Uotila. Markku Pietilä acts as the Chairman of the Audit Committee.
For further information please contact:
Chairman of the Board of Directors, Mika Uotila
Tel 040 553 6110
CEO, Repe Harmanen
Tel 0400 467 717
NASDAQ OMX Helsinki