ROBIT PLC STOCK EXCHANGE RELEASE 12 MARCH 2018 AT 5.00 P.M.
CHANGES TO PROPOSALS FOR ANNUAL GENERAL MEETING 2018
The Board of Directors of Robit Plc has, after the summons released by the company on 20 February 2018, resolved to amend the proposal to the General Meeting of Shareholders convening on 28 March 2018 concerning the remuneration of the Chairman of the Board (item 11 of the summons to the General Meeting) and the authorization to decide on a share issue (item 17 of the summons to the General Meeting) as follows:
According to the proposal 11 of the notice of a meeting the annual remuneration for the Chairman of the Board is EUR 35,000. Robit Plc's Board of Directors has decided to change the proposal as follows: the annual remuneration for the Chairman of the Board is EUR 45,000.
The proposal 17 of the notice of a meeting concerns authorization of the Board of Directors to resolve on a share issue and an issue of special rights entitling to shares. According to the notice of a meeting, the proposed authorization is valid for five years commencing from the decision of the General Meeting. Robit Plc's Board of Directors has decided to change the proposal as follows: the proposed authorization is valid until the next Annual General Meeting, however at the most until 30 June 2019.
Robit Plc's Board of Directors has reviewed the independence of Board Member candidates in accordance with the Corporate Governance Code of the Finnish Listed Companies. According to the evaluation of the Board of Directors, all candidates proposed to be elected Members of the Board are independent of any significant shareholders of the company, except for Harri Sjöholm. In addition, all Board Member candidates are independent of the company.
ROBIT PLC
Board of Directors
Further information:
Robit Plc
Harri Sjöholm, Chairman
+358 400 622 092
harri.sjoholm@robitgroup.com
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 21 own sales and service points as well as active sales networks in 115 countries. The manufacturing units are located in Finland, South Korea, Australia, UK and USA.
Distribution:
Nasdaq Helsinki Ltd
Key media
www.robitgroup.com