ROBIT PLC COMPANY RELEASE 28 MARCH 2017 AT 4.15 P.M.
RESOLUTIONS OF ROBIT PLC'S ANNUAL GENERAL MEETING MARCH 28, 2017
The Annual General Meeting of Robit Plc held today March 28, 2017 made the following mainline decisions. The decisions will be available entirely in the minutes of the General Meeting on Robit Plc's website http://www.robit.fi/investors/general-meeting/ at the latest from 11 April 2017 onwards.
Adoption of the financial statements and consolidated financial statements
It was resolved to adopt the Company's financial statements and consolidated financial statements for the financial period of 2016.
Dividend per share EUR 0.10
The Annual General Meeting confirmed a dividend of EUR 0.10 per share to be paid for the financial period January 1 - December 31, 2016. The total amount of dividend is EUR 1 578 922. The record date for the dividend distribution will be March 30, 2017 and the dividend payment date will be April 6, 2017.
Resolution on discharge from liability
It was resolved to discharge the members of the Board of Directors from liability for the financial period of 2016 and the CEO for the financial period of 2016.
The number of members of the Board of Directors
It was resolved that the Board of Directors consists of five (5) members.
The remuneration of the members of the Board of Directors
The annual remuneration for the Chairman of the Board is EUR 45,000, of which 40% is paid as shares, and the remaining 60% is advance tax withheld and paid to the tax authority by the Company. In addition, a compensation of EUR 500 is paid per attended meeting. Other costs such as travel and lodging expenses will also be compensated.
The annual remuneration for the Board members is EUR 30,000, of which 40% is paid as shares, and the remaining 60% is advance tax withheld and paid to the tax authority by the Company. In addition, an attendance fee of EUR 500 is paid per attended meeting. Other costs such as travel and lodging expenses will also be compensated.
In addition to these fees, members of the Board of Directors' working committee will receive a monthly remuneration of EUR 750. The Chairman of the Board of Directors shall not be paid the additional working committee remuneration, as this remuneration is already included in his compensation stated above.
The annual remuneration for the entire term of office is paid in December 2017. The part of the remuneration that shall be paid in shares may be paid by issuing new shares in the Company or by acquiring Shares by the authorization given to the Board of Directors by the General Meeting of Shareholders. Primarily, the shares should be paid by acquiring own shares in the public market. The receiver of the remuneration shall pay the transfer tax.
Composition of the Board of Directors
The following persons were elected as the Board of Directors: Mammu Kaario as a new member and Tapio Hintikka, Matti Kotola, Kalle Reponen and Harri Sjöholm as old members.
Chairman of the Board
It was resolved to elect Harri Sjöholm as Chairman of the Board of Directors.
Election of the auditor
Ernst & Young Oy, an Authorized Public Accounting firm, was elected as the Company's auditor for a term that will continue until the end of the next Annual General Meeting. Ernst & Young Oy has notified the Company that Authorized Public Accountant Mikko Järventausta will serve as the auditor-in-charge.
Remuneration of the auditor
It was resolved that the auditor's remuneration is paid in accordance with the reasonable invoice approved by the Company.
ROBIT PLC
Board of Directors
Further information:
Harri Sjöholm, Chairman
+358 400 622 092
harri.sjoholm@robit.fi
Skandinaviska Enskilda Banken AB (publ), Helsinki branch acts as the Company's Certified Advisor.
Tel. +358 9 616 28 101
Robit is a strongly internationalized growth company selling and servicing global customers in drilling consumables for applications in mining, construction and contracting, tunneling and well drilling. The company's offering is divided into three product and service range: Top Hammer and Down-the-Hole products as well as Digital Services. Robit has 20 own sales and stock points as well as active sales networks in 115 countries. The manufacturing units are located in Finland, South Korea, Australia, UK and USA. Robit is listed in Nasdaq Helsinki Ltd's First North Finland marketplace with trading code ROBIT. For more information, see www.robitgroup.com.
Distribution:
Nasdaq Helsinki Ltd
Key media
www.robitgroup.com
