RAMIRENT PLC COMPANY ANNOUNCEMENT 26 March 2014 at 18:00

Vantaa, Finland, 2014-03-26 17:00 CET (GLOBE NEWSWIRE) —
  

  

 

Ramirent Plc’s Annual General Meeting, which was held today on 26 March 2014, adopted the 2013 annual financial accounts and discharged the members of the Board of Directors and the President and CEO from liability. The Annual General Meeting decided on the payment of dividends, the composition of the Board of Directors and their fees, the election of the auditor and his fee, the authorisation of the Board of Directors to repurchase the Company’s own shares and the authorisation of the Board of Directors to decide on distribution of additional dividend.
 

Dividend payout

The Annual General Meeting adopted the Board’s proposal that a dividend of EUR 0.37 per share be paid based on the adopted balance sheet for the financial year ended on 31 December 2013. The dividend will be paid to shareholders registered in the shareholders’ register of the Company maintained by Euroclear Finland Ltd on the record date for dividend payment 31 March 2014. It was decided that the dividend be paid on 11 April 2013.
 

Additional dividend payout

The Annual General Meeting adopted further the Board’s proposal to decide at its discretion on the payment of additional dividend based on the adopted balance sheet for the financial year ended on 31 December 2013. The amount of the additional dividend may not exceed EUR 0.63 per share. The potential additional dividend will be paid to the shareholders registered in the company’s shareholders’ register maintained by Euroclear Finland Ltd on the record date decided by the Board of Directors. The Board of Directors shall decide the date of payment of the dividend, which can at the earliest be the 5th banking day from the record date. All other terms and conditions connected to the additional dividend will be decided by the Board of Directors. The authorisation is valid until the next Annual General Meeting.
 

Composition of the Board of Directors and their remuneration

The Annual General Meeting resolved that the number of members of the Board of Directors is confirmed to be eight (8) and re-elected the Board members Kevin Appleton, Kaj-Gustaf Bergh, Peter Hofvenstam, Erkki Norvio, Mats O Paulsson, Susanna Renlund and Gry Hege Sølsnes, and elected as new Board member Ulf Lundahl for the term that will continue until the end of the next Annual General Meeting.

The Annual General Meeting adopted the proposal that the remunerations of the members of the Board of Directors would be unchanged as follows: for the Chairman EUR 3,000 per month and additionally EUR 1,500 for attendance at board and committee meetings and other similar board assignments; for the Vice-Chairman EUR 2,500 per month and additionally EUR 1,300  for attendance at board and committee meetings and other similar board assignments; and for the members of the Board of Directors EUR 2,250 per month and additionally EUR 1,000  for attendance at board and committee meetings and other similar board assignments. Travel expenses and other out-of-pocket expenses due to the board work shall be compensated in accordance with the Company’s established practice and travel rules.
 

Election of the auditor and the fee

The Annual General Meeting adopted the proposal that the number of auditors shall be one (1) and re-elected PricewaterhouseCoopers Oy (“PWC”) as the company’s auditor with APA Ylva Eriksson as principally responsible auditor for the term that will continue until the end of the next Annual General Meeting. The auditor’s compensation will be paid against an invoice as approved by the Company.
 

Repurchase of the Company’s own shares

The Annual General Meeting authorised the Board of Directors to decide on the repurchase of a maximum of 10,869,732 Company’s own shares as proposed by the Board of Directors. The authorisation also contains an entitlement for the Company to accept its own shares as pledge. The share repurchase authorisation is valid until the next Annual General Meeting.

 

The minutes of the Annual General Meeting will be available on the Internet at the company website www.ramirent.com by 9 April 2014.

 

Helsinki, 26 March 2014

  

RAMIRENT PLC
THE BOARD OF DIRECTORS

 

FURTHER INFORMATION:
Marie Kjellerstedt, interim Head of Legal, tel. +46 8 624 95 09

 

DISTRIBUTION:
NASDAQ OMX Helsinki
Main news media                                                                
www.ramirent.com                                                               

 

Ramirent is More Than Machines. We are a leading rental equipment group combining the best equipment, services and know-how into rental solutions that simplify customer business. We serve a broad range of customers, including construction and process industries, services, the public sector and households. In 2013, the Group’s net sales totalled EUR 647 million. The Group has 2,600 employees at 304 customer centres in 10 countries in the Nordic countries and in Central and Eastern Europe. Ramirent is listed on the NASDAQ OMX Helsinki Ltd.