Plc Uutechnic Group Oyj: THE RESOLUTIONS OF THE ANNUAL GENERAL MEETING OF PLC UUTECHNIC GROUP OYJ AND THE DECISIONS OF THE BOARD OF DIRECTORS
PLC UUTECHNIC GROUP OYJ STOCK EXCHANGE RELEASE April 12, 2018 at 17:45
THE RESOLUTIONS OF THE ANNUAL GENERAL MEETING OF PLC UUTECHNIC GROUP OYJ AND THE DECISIONS OF THE BOARD OF DIRECTORS
In the Annual General Meeting of Plc Uutechnic Group Oyj, held on 12 April 2018 in Helsinki, it was resolved as follows:
It was resolved to adopt the financial statements and the consolidated financial statements for the period 1 January 2017 – 31 December 2017 and to discharge the members of the Board of Directors and the Chief Executive Officer from liability for the fiscal year ended on 31 December 2017.
It was resolved that in accordance with the proposal of the Board of Directors no dividend shall be paid and the profit for the period 1 January 2017 – 31 December 2017 shall be transferred to the retained earnings account.
It was resolved to elect Sami Alatalo, Hannu Kottonen, Kristiina Lagerstedt ja Jouko Peräaho to continue as the members of the Board of Directors. Hannu Kottonen and Kristiina Lagerstedt are independent from the Company and the notable shareholders of the Company. It was resolved that the elected Board members shall be paid during their next term as follows: 36 000 euros to the Chairman of the Board and 22 000 euros to other members of the Board. In addition to the yearly remuneration, no other remuneration is provided to the members of the Board (i.e. attendance allowance). If a member of the Board or the Chairman of the Board is a full-time employee for the Company, this person cannot receive remuneration set for these positions in the Board.
It was resolved to nominate as the auditor, to serve until the end of the following Annual General Meeting, the company’s current auditor, public auditing firm Ernst & Young Oy, which has declared that it intends to appoint Osmo Valovirta, CPA, as chief auditor. It was resolved that the remuneration of the auditor would be paid according to the invoice.
It was resolved, to authorize the Board to decide on an issue of new shares as well as other special rights entitling to shares referred to in Chapter 10 Section 1 of the Finnish Companies Act in one or several lots. The number of new shares issued would be no more than 10 000 000, including shares to be issued based on the special rights. The authorization entitles the Board to decide about all terms of the share and special rights offerings, including the right to deviate from the right of pre-emption of shareholders. The authorization shall last until the next Annual General Meeting, unless the General Meeting decides to change or cancel the authorization prior to this date. This authorization revokes all the other unused share issue authorizations that have been given prior to this.
The Decisions of the Board of Directors
The Board of Directors has, in the meeting held on 12 April 2018 after the Annual General Meeting, elected Sami Alatalo as the chairman of the Board.
In Helsinki on 12 April 2018
PLC UUTECHNIC GROUP OYJ
The Board of Directors
Jouko Peräaho, CEO, Plc Uutechnic Group Oyj, +358 500 740 808
Uutechnic Group is focused on improving the competitiveness of its customers by providing them advanced equipment technology and unique service concept worldwide. The product range includes agitators, different types of pressure vessels, process- and storage tanks, reactors and heat exchangers. Additionally, different types of long welded and machined axially symmetrical parts as rolls, cylinders, tubes and cones.
The main industries are hydrometallurgy, mining-, pulp and paper-, food-, fertilizer-, other chemical industries and environmental technology.
Uutechnic Group’s business consists of one segment, Process Solutions, which is divided into two business lines: Mixing Technology and Tanks & Rolls. Mixing Technology business line consists of Stelzer Rührtechnik Int. GmbH and Uutechnic Oy. Tanks & Rolls business line consists of Japrotek Oy Ab and AP-Tela Oy.