Arte e Cultura
DECISIONS OF RAPALA VMC CORPORATION'S ANNUAL GENERAL MEETING ON APRIL 11, 2013
Rapala VMC Corporation
Stock Exchange Release
April 11, 2013 at 3:00 p.m.
The Annual General Meeting (AGM) of Rapala VMC Corporation adopted the financial statement of the financial year 2012 and discharged the members of the Board of Directors and the CEO from the liability for the financial year that ended on December 31, 2012.
The AGM approved the Board of Director's proposal that a dividend of EUR 0.23 per share is paid. The dividend will be paid on April 23, 2013 to the shareholders who on the record date of April 16, 2013 are registered as shareholders in the company's shareholders' register kept by the Euroclear Finland Ltd.
The AGM approved that the Board of Directors consists of seven members. The re-elected members of the Board of Directors were Jorma Kasslin, Eero Makkonen, Marc Speeckaert, Jan-Henrik Schauman, Christophe Viellard, Emmanuel Viellard and Isabelle de Bardies. The AGM resolved that the annual fee paid to each Board member is EUR 45 000 and EUR 100 000 to the Chairman of the Board.
Ernst & Young Oy, Authorized Public Accountants, was appointed as Rapala VMC Corporation's auditor.
In accordance with the Board of Directors' proposal, the AGM authorized the Board of Directors to resolve to repurchase a maximum of 2 000 000 own shares by using funds in the unrestricted equity. The proposed number of shares corresponds to less than 10 per cent of all shares in the company. The shares may be repurchased to develop the company's capital structure. In addition, the shares may be repurchased to finance or carry out business acquisitions or other arrangements, to settle the company's equity-based incentive plans, to be transferred for other purposes, or to be cancelled. The shares may be repurchased in deviation from the proportion of the shares held by the shareholders. The shares will be repurchased through public trading arranged by NASDAQ OMX Helsinki Oy at the market price of the acquisition date. The shares will be acquired and paid in pursuance of the rules of NASDAQ OMX Helsinki Oy and applicable rules regarding the payment period and other terms of the payment. The authorization is in force until the end of the next Annual General Meeting.
The Board of Directors of Rapala VMC Corporation has on April 11, 2013 elected Emmanuel Viellard as the Chairman of the Board of Directors.
RAPALA VMC CORPORATION
Jorma Kasslin
Chief Executive Officer
For further information, please contact Olli Aho, Company Counsel, tel: +358 9 7562 540
Distribution: NASDAQ OMX Helsinki and main media
Rapala VMC Corporation ("the Group") is a leading fishing tackle company and the global market leader in fishing lures, treble hooks and fishing related knives and tools. The Group also has a strong global position in other fishing categories and it is one of the leading distributors of outdoor, hunting and winter sport products in the Nordic countries. The Group has the largest distrib ution network in the industry. The main manufacturing facilities are located in Finland, France, Estonia, Russia, China, Indonesia and the UK. The Group brand portfolio includes the leading brand in the industry, Rapala, and other global brands like VMC, Sufix, Storm, Blue Fox, Luhr Jensen, Williamson, Dynamite Baits, Mora Ice, StrikeMaster, Marttiini and Peltonen. The Group, with net sales of EUR 291 million in 2012, employs some 2 000 people in 38 countries. Rapala VMC Corporation's share is listed and traded on the NASDAQ OMX Helsinki stock exchange since 1998.
Copyright Thomson Reuters
Attachment(s)
http://hugin.info/120091/R/1692340/555934.pdf
Regulatory News
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: %s via Thomson Reuters ONE