Resolutions of the Metsä Board Corporation’s Annual General Meeting
Metsä Board Corporation Stock Exchange Release 27 March 2018 at 4.50 pm EET
The Annual General Meeting of Metsä Board Corporation held today the 27th of March 2018 adopted the following resolutions:
Annual accounts
The Annual General Meeting approved the company’s financial statements for the financial year 2017 and decided to distribute a dividend of 0.21 euros per share. The dividend shall be paid to shareholders who on the record date for the dividend payment, 29 March 2018, are recorded in the company’s shareholders’ register held by Euroclear Finland Ltd. The dividend shall be paid on 10 April 2018.
Remuneration of members of the Board of Directors
The Annual General Meeting resolved to keep the remuneration of the members of the Board of Directors unchanged such that the Chairman be paid EUR 95,000, the Vice Chairman EUR 80,000 and ordinary members EUR 62,500 per year. In addition, a fee of EUR 700 is paid for each attended meeting of the Board of Directors and its Committees. Approximately one half of the remuneration is paid in the company’s B-series shares to be acquired from public trading. The Annual General Meeting resolved to restrict the transfer of such shares for a period of two years. Further, the Chairman of the Audit Committee is paid an additional monthly remuneration of EUR 800.
Discharge from liability
The Annual General Meeting resolved to discharge the members of the Board and the CEO from liability.
Composition of the Board of Directors
The Annual General Meeting fixed the number of Board members to nine (9) members and elected the following persons as members of the Board of Directors: Hannu Anttila, M.Sc (Economics), Martti Asunta, M.Sc. (Forestry), Ilkka Hämälä, M.Sc. (Technology), Kirsi Komi, LL.M., Kai Korhonen, M.Sc. (Technology), Liisa Leino, M. Edu., Jussi Linnaranta, M.Sc (Agriculture), Juha Niemelä, M.Sc (Economics), and Veli Sundbäck, LL.M. The term of office of the Board members continues until the end of the next Annual General Meeting.
At its organizing meeting the Board of Directors elected Ilkka Hämälä as its Chairman and Martti Asunta as its Vice Chairman. The Board further resolved to organize the Board committees as follows: the members of the Audit Committee are Hannu Anttila, Kirsi Komi, Kai Korhonen and Veli Sundbäck and the members of the Nomination and Compensation Committee are Martti Asunta, Ilkka Hämälä, Liisa Leino, Jussi Linnaranta and Juha Niemelä.
Auditor
The Annual General Meeting elected auditing firm KPMG Oy Ab as the company’s auditor with Raija-Leena Hankonen, Authorised Public Accountant, as the responsible auditor. The auditor’s term of office expires at the end of the next Annual General Meeting. The Annual General Meeting resolved that the auditor’s fee will be paid according to auditor’s reasonable invoice as approved by the company.
METSÄ BOARD CORPORATION
Further information:
Juhani Pitkänen, Secretary to the Board, tel. +358 10 465 5240
Katri Sundström, VP, Investor Relations, tel. +358 400 976 333
Metsä Board
www.metsaboard.com
Metsä Board is a leading European producer of premium fresh fibre paperboards including folding boxboards, food service boards and white kraftliners. Our lightweight paperboards are developed to provide better, safer and more sustainable solutions for consumer goods as well as retail-ready and food service applications. We work together with our customers on a global scale to innovate solutions for better consumer experiences with less environmental impact. The pure fresh fibres Metsä Board uses are a renewable resource, traceable to origin in sustainably managed northern forests.The global sales network of Metsä Board supports customers worldwide, including brand owners, retailers, converters and merchants. In 2017, the company’s sales totalled EUR 1.8 billion, and it has approximately 2,350 employees. Metsä Board, part of Metsä Group, is listed on the Nasdaq Helsinki.
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