PONSSE OYJ STOCK EXCHANGE BULLETIN, 16 MARCH 2004 AT 3PM
RESOLUTIONS PASSED BY PONSSE OYJS ANNUAL GENERAL MEETING
Meeting on 16 March 2004, Ponsse Oyjs Annual General
Meeting adopted the financial statements for 2003, released
the persons accountable from liability, decided to pay a
2003 dividend of EUR 2.00 per share and to pay a bonus to
the companys employees. Nils Hagman, Ilkka Kylävainio,
Seppo Remes, Mirja Ryynänen, Einari Vidgrén and Juha Vidgrén
were appointed to the Board of Directors.
RESOLUTIONS PASSED BY THE ANNUAL GENERAL MEETING
1. Adoption of the financial statements
The Annual General Meeting adopted the profit and loss
account and balance sheet of Ponsse Oyj and the consolidated
profit and loss account and balance sheet.
2. Payment of dividend
It was decided to pay a dividend of EUR 2.00 per share for
2003. The record date for the payment of dividend is 19
March 2004. Dividends will be paid from 26 March 2004.
3. Employee bonus
It was decided to pay Ponsse Oyjs employees a bonus for
2003. The bonus will be EUR 60 for each full month worked.
4. Discharge from liability
The persons accountable were discharged from liability for
the 2003 financial year.
5. Board of Directors
It was decided to appoint six members to the Board of
Directors. The members appointed were: Nils Hagman, born 1947,
MSc (Econ), President of Oy Sisu Auto Ab, Ilkka Kylävainio,
born 1946, President and Chairman of the Board of Directors of
Keitele-Forest Oy, Seppo Remes, born 1955, LicSc (Econ & Bus
Adm), Director of Vostok Nafta Investment Ltd, Mirja
Ryynänen, born 1944, MSc, acting President and CEO of Ponsse
Oyj, Juha Vidgrén, born 1970, MSc (Educ) and Einari Vidgrén,
born 1943, Ponsse Oyjs principal shareholder and Chairman
of the Board of Directors.
Nils Hagman, Seppo Remes and Mirja Ryynänen are new
appointments to the Board. Under the companys Articles of
Association, members of the Board of Directors serve a term
of office expiring at the end of the Annual General Meeting
following the one at which they were appointed.
The Annual General Meeting fixed the annual fee payable to
members of the Board of Directors at EUR 15,000. This fee is
not paid to members of the Board of Directors employed by
the company. However, the chairman of the Board of Directors
receives a fee.
Authorised public accountants Ernst & Young Oy were
appointed as auditors, with Heikki Laitinen MSc (Econ & Bus
Admin), APA as the principal auditor.
Further information from:
Acting President and CEO Juha Vidgrén on +358 17 768 4842
and CFO Mikko Paananen on +358 17 768 4648