ROBIT PLC COMPANY RELEASE 11 APRIL 2016 AT 10.00 P.M.
RESOLUTIONS OF ROBIT PLC'S ANNUAL GENERAL MEETING MARCH 18, 2016
The Annual General Meeting of Robit Plc held on Friday March 18, 2016 made the following mainline decisions. The decisions can be found entirely on Robit Plc's website: http://www.robit.fi/wordpress/wp-content/uploads/2016/04/Annual-General-Meeting-2016-Minutes.pdf.
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 2015.
Dividend per share EUR 0.04
The Annual General Meeting confirmed a dividend of EUR 0.04 per share to be paid for the financial period January 1 - December 31, 2015. The total amount of dividend was EUR 631,373.32. The record date for the dividend distribution was March 22, 2016 and the dividend payment date was March 31, 2016.
Resolution on discharge from liability
It was resolved to discharge the members of the Board of Directors from liability for the term expiring at the end of this Annual General Meeting and the CEO for the financial period of 2015.
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
It was resolved that the annual remuneration for the Chairman of the Board is EUR 35,000, of which 40 % is paid as shares, and the remaining 60 % is advance tax withheld and paid to the tax authority by the Company. The annual remuneration for the Board members is EUR 20,000, of which 40 % is paid as shares, and the remaining 60 % is advance tax withheld and paid to the tax authority by the Company.
Composition of the Board of Directors
The following persons were elected as the Board of Directors: Anni Ronkainen 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 Authorised 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 Authorised 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.
Authorising the Board of Directors to decide on the acquisition of the Company's own shares
It was resolved that the General Meeting authorises the Board of Directors to decide on the acquisition of a maximum of 1,588,390 own shares provided however that the aggregate number of own shares in the possession of the Company at any one time shall not exceed 10 % of all shares in the Company.
Authorising the Board of Directors to decide on the issuance of shares as well as the issuance of options and other special rights entitling to shares
It was resolved that the General Meeting authorises the Board of Directors to decide on the issuance of shares as well as the issuance of options and other special rights entitling to shares referred to in chapter 10, section 1 of the Limited Liability Companies Act. The amount of shares to be issued based on this authorization may not exceed 1,588,390 shares, which currently corresponds to approximately 10 % of all the shares in the company. The Company's own shares held as treasury shares and rights may be issued and transferred for example as consideration in corporate acquisitions or as part of its incentive system.
Closing of the meeting
It was noted that all matters on the agenda had been dealt with.
It was recorded that all decisions and election were unanimous.
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 Finnish company selling and servicing global customers in drilling consumables for applications in tunneling, geothermal heating and cooling, construction, and mining industries. The company's business is divided into Top Hammer, Down the Hole and Digital Services business units. The company has eight own offices and active sales networks in 115 countries. The company has production in Finland and South Korea. The company is listed in Nasdaq Helsinki Ltd's First North Finland marketplace with trading code ROBIT. For more information see www.robit.fi.
Distribution:
NASDAQ Helsinki Ltd
Key media
www.robit.fi