Decisions adopted by CapMan Plc’s Annual General Meeting
CapMan Plc’s Annual General Meeting (AGM) was held on 22 March 2006 in Helsinki. The meeting confirmed the 2005 financial statements and granted discharge from liability to the Board of Directors and the CEOs for the 2005 financial year. In accordance with the proposal of the Board of Directors, the AGM decided that a dividend of EUR 0.07 per share will be distributed to the shareholders for the 2005 financial year. The record date for the payment of dividend is 27 March 2006, and the dividend will be paid on 3 April 2006. The AGM approved the proposals of the Board of Directors to authorise the Board to increase the Company’s share capital, to acquire the Company’s own shares and to resolve to dispose the Company’s own shares.
The members of the Board of Directors and the organisation of the Board
The AGM decided that the Board consists of five members. Tapio Hintikka, Lennart Jacobsson, Teuvo Salminen and Ari Tolppanen will continue as Board members. Swedish Board professional Urban Jansson was elected as new member to the Board of Directors. Immediately after the AGM, the organisation meeting of the Board was held and Ari Tolppanen was elected as Chairman of the Board and Teuvo Salminen as Vice Chairman of the Board. In the same meeting the Board evaluated the independence of the Board members from CapMan Plc and its largest shareholders. The Board concluded that Tapio Hintikka, Urban Jansson and Teuvo Salminen are independent of the company.
The compensation of the Board members
The members of the Board will be paid the following monthly compensations: EUR 3,000 to the Chairman and Vice Chairman and EUR 2,500 to members. Compensation will not be paid for those Board members that are employed by CapMan Group. Reasonable travel expenses will be compensated for all Board members.
Auditors
PricewaterhouseCoopers Oy, corporation of authorized public accountants, with Jan Holmberg, APA (Auditor Approved by the Central Chamber of Commerce), as the Lead Auditor, continues as the Company’s Auditors. Terja Artimo, APA, will act as Jan Holmberg’s deputy.
Other decisions
The Annual General Meeting approved the proposals of the Board of Directors to authorise the Board to increase the Company’s share capital, to acquire the Company’s own shares and to resolve to dispose of the company’s own shares.