Decisions Taken at Glaston Corporation's Annual General Meeting
Glaston Corporation Stock Exchange Release 13 April 2010 at 18.00
Decisions Taken at Glaston Corporation's Annual General Meeting
Glaston Corporation's Annual General Meeting was held today on April 13, 2010 in
Helsinki. The Annual General Meeting approved the financial statements and
consolidated financial statements for 2009 and released the Board of Directors
and the President&CEO from liability for the accounting period January
1-December 31, 2009.
The Annual General Meeting approved that no dividend is paid for the financial
year 2009.
The AGM approved the re-election of Mr Claus von Bonsdorff, Mr Klaus Cawén, Mr
Jan Lång, Mr Carl-Johan Rosenbröijer, Mr Christer Sumelius and Mr Andreas
Tallberg as members of the Board of Directors for a further term of office
lasting one year. Moreover, Mr Teuvo Salminen was elected as new member of the
Board. The Annual General Meeting approved that the yearly remuneration for the
members of the Board of Directors shall remain at EUR 40.000 for the Chairman of
the Board, EUR 30.000 for the Deputy Chairman of the Board and EUR 20.000 for
other members of the Board.
Public accountants Ernst & Young Oy was appointed as the company's auditor with
Authorized Public Accountant Harri Pärssinen as the responsible auditor.
The Annual General Meeting approved the amendment to the Article 11 of the
Articles of Association so that the notice to the meeting shall be published no
later than three (3) weeks prior to the General Meeting, however, at the latest
nine (9) days before the record date of the General Meeting.
The Meeting also authorized the Board of Directors to decide on the issue of new
shares and/or conveyance of Company's own shares held by the Company. By virtue
of the authorization, the Board of Directors is entitled to decide on the
issuance of a maximum of 6,800,000 new shares and on the conveyance of a maximum
of 6,800,000 own shares held by the Company. However, the total number of shares
to be issued and/or conveyed may not exceed 6,800,000 shares. The new shares may
be issued and own shares held by the Company conveyed either against payment or
without payment.
The new shares may be issued and/or own shares held by the Company conveyed to
the Company's shareholders in a proportion to their existing shareholdings in
the Company, or by means of a directed share issue, waiving the pre-emptive
subscription right of the shareholders, if there is a weighty reason for the
Company to do so, such as the shares to be used to improve the capital structure
of the Company or as consideration in future acquisitions or other arrangements
that are part of Company's business or as part of Company's or its subsidiaries'
incentive programs.
The directed share issue can be without payment only, if there is an especially
weighty reason for the Company to do so, taking the interest of all shareholders
into account.
The Board of Directors may decide on the share issue without payment also to the
Company itself. Decision regarding share issue to the Company itself cannot be
made in such manner that the quantity of shares held jointly by the Company or
its subsidiaries would exceed one tenth of all shares of the Company.
The subscription price of new shares issued and the consideration paid for the
conveyance of the Company's own shares shall be credited to the reserve for
invested unrestricted equity.
The Board of Directors shall decide on other matters related to the share issue.
The share issue authorization is valid until the end of the Annual General
Meeting to be held in 2012.
For further information, please contact:
Arto Metsänen, President&CEO
Phone: +358 10 500 500
Sender:
Glaston Corporation
Agneta Selroos
Corporate Communications and IR Manager
Phone: +358 10 500 6105
Glaston Corporation
Glaston Corporation is an international glass technology company. Glaston is the
global market leader in glass processing machines, and a comprehensive
One-Stop-Partner supplier to its customers. Its product range and service
network are the most extensive in the industry. Glaston's well-known brands are
Bavelloni, in pre-processing machines and tools,Tamglass and Uniglass, in safety
glass machines and Albat+Wirsam in software solutions.
Glaston's share (GLA1V) is listed on the NASDAQ OMX Helsinki Mid Cap List.
