English

LÄNNEN TEHTAAT PLC ANNUAL GENERAL MEETIN

Report this content 


LÄNNEN TEHTAAT PLC   STOCK EXCHANGE RELEASE APRIL 3, 2003 at 4.45 p.m.


LÄNNEN TEHTAAT PLC ANNUAL GENERAL MEETING

The Annual General Meeting on April 3, 2003 approved the financial
statements, discharged those accountable from liability and decided to
distribute a dividend of EUR 0.30 per share.

MATTERS DEALT WITH BY THE ANNUAL GENERAL MEETING

FINANCIAL STATEMENTS
The Annual General Meeting approved the Company’s and the Group’s
profit and loss accounts and balance sheets, and discharged the
members of the Board of Directors, the members of the Supervisory
Board and the President from liability for the financial year 2002.

The Annual General Meeting decided to distribute as dividend EUR 0.30
per share. The record date is April 8, 2003 and the dividend payment
date April 15, 2003.

ELECTION OF THE MEMBERS OF THE SUPERVISORY BOARD AND THE AUDITORS
Matti Eskola, Pasi Jaakkola and Jouni Kaitila were re-elected to the
Supervisroy Board. Ilkka Markkula and Markku Länninki were elcted as
new members. New personnel representatives in the Supervisory Board
are Aila Koivuniemi, personal deputy member Marja-Liisa Marttila,
Paula Paasonen, personal deputy member Timo Kaila, Esa Paganus,
personal deputy member Harri Ollonqvist, and Pekka Sihvonen, personal
deputy member Marja Rusi.

Kauko Lehtonen, Authorized Public Accountant, and PricewaterCoopers Oy
Authorized Public Accountants with Hannu Pellinen, Authorized Public
Accountant as responsible auditor, were re-elected as auditors.


SURRENDERING THE COMPANY’S OWN SHARES
The Annual General Meeting decided to authorize the Board of Directors
to decide to surrender the company’s own shares. The authorization
concerns the 65,000 company shares acquired using the authorization
granted by the AGM on April 5, 2001. The Board is authorized to decide
to whom and in what order the company’s own shares are surrendered.
The shares can be surrendered in one or more tranches. The Board may
decide to surrender the Company’s own shares otherwise than in
proportion to the pre-emptive right of shareholders.

The shares can be surrendered in one or more tranches, as decided by
the Board, in connection with corporate acquisitions or other
corporate arrangements or for some other similar purpose that the
Board may consider suitable. Surrender of the shares can also be
carried out via public trading on Helsinki Exchanges.

The share price is the current value at the time of surrender,
determined in public trading on Helsinki Exchanges. The shares may
also be surrendered against other than monetary consideration. The
authorization is valid for one year, starting from the date of the AGM
decision.


LÄNNEN TEHTAAT PLC

Erkki Lepistö
President & CEO


More details: Erkki Lepistö (President & CEO), tel. +358 2 8397 4001

Distribution:
Helsinki Exchanges
Main media
www.lannen.fi

Subscribe