Annual General Meeting 2008
The Annual General Meeting of CapMan Plc was held on 27 March 2008 in Helsinki. The meeting confirmed the 2007 financial statements and granted discharge from liability to the Board of Directors and the CEO for the 2007 financial year. The AGM decided that a dividend of EUR 0.16 per share will be distributed to the shareholders for the 2007 financial year. The record date for the payment of dividend is 1 April 2008, and the dividend will be paid on 8 April 2008.
The members of the Board of Directors and the organisation of the Board
The AGM decided that the Board consists of six members. Sari Baldauf, Tapio Hintikka, Lennart Jacobsson, Teuvo Salminen and Ari Tolppanen will continue as Board members. Conny Karlsson 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 Sari Baldauf, Tapio Hintikka, Conny Karlsson 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 4,000 to the Chairman and Vice Chairman and EUR 3,500 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.
The AGM approved the following proposals of the Board of Directors to the AGM Annual General Meeting:
1. Proposal by Board of Directors to authorize Board of Directors to resolve to issue shares, stock options and other entitlements to Company’s shares
2. Proposal by Board of Directors to authorize Board of Directors to resolve to repurchase Company’s shares and accept them as pledge
3. Proposal to issue stock options
Releases related to the AGM 2008:
31 January 2008 CapMan Plc Board of Directors convenes Annual General Meeting 2008
27 March 2008 Decisions adopted by the Annual General Meeting of CapMan Plc
CEO Heikki Westerlund's presentation at the AGM