Helsinki, Finland, 2011-04-01 16:20 CEST (GLOBE NEWSWIRE) -- TALENTUM OYJ COMPANY ANNOUNCEMENT APRIL 1, 2011 AT 5.20 PM
TALENTUM’S ANNUAL GENERAL MEETING
The Annual General Meeting of Talentum Oyj was held on April 1, 2011. 57.7% of shares were represented.
1
The Annual General Meeting approved the financial statements for the financial year January 1 – December 31, 2010 and discharged the Board of Directors and the Managing Director from liability.
2
The Annual General Meeting decided according to the Board proposal, that no dividend is to be distributed for the financial period from January 1, 2010 to December 31, 2010.
The Annual General Meeting decided according to the Board proposal, that the retained loss will be covered by the invested unrestricted equity fund.
The Annual General Meeting decided according to the Board proposal, that assets shall be distributed 0.02 euro per share from the invested non-restricted equity reserve. The record date is April 6, 2011 and the date of payment is April 13, 2011.
3
The Annual General Meeting decided the number of the members of the Board of Directors to be six. As members of the Board of Directors were re-elected Joachim Berner, MBA, BBA; Atte Palomäki, Group Vice President Corporate Communications; Merja Strengell, M.Sc. (Eng.) and Kai Telanne, President and CEO. Aarne Aktan, CEO, and Henri Österlund, CEO, were elected as new members.
Kai Telanne was elected the Chairperson of the Board and Merja Strengell the Deputy Chairperson.
The Annual General Meeting resolved the compensation of the Board of Directors to remain unchanged and is as follows: Chairperson of the Board EUR 4000/month, Deputy Chairperson EUR 2500/month, Member EUR 2000/month.
4
Authorized Public Accountant firm PricewaterhouseCoopers Oy was re-elected as the auditor, with Juha Wahlroos, APA, as the responsible auditor.
5
The Annual General Meeting decided to authorize The Board of Directors to decide on acquisition of Talentum Oyj’s own shares a maximum of 3,500,000 shares, which correspond to approximately eight (8) per cent of the issued shares of the company. The authorization remains in force until June 30, 2012.
6
The Annual General Meeting decided to authorize the Board of Directors to decide on a share issue including the conveyance of own shares, and issue of special rights. Based on the authorizations a maximum of 3,500,000 new shares may be issued and/or own shares possessed by the company may be conveyed, which corresponds to approximately eight (8) per cent of the issued and outstanding shares of the company. The authorizations remain in force until June 30, 2012.
TALENTUM OYJ
Lasse Rosengren
General Counsel
Further information
General Counsel Lasse Rosengren, tel. + 358 40 342 4204
Distribution
NASDAQ OMX Helsinki
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