Ramirent Plc Stock Exchange Release August 15, 2019 at 4.00 p.m. EEST
Resolutions passed at Ramirent Plc’s Extraordinary General Meeting 2019 and Board of Directors’ formative meeting
Ramirent Plc’s Extraordinary General Meeting of Shareholders held on August 15, 2019 passed the following resolutions:
The composition of the Board of Directors and their remuneration
The Extraordinary General Meeting resolved that the number of members of the Board of Directors is three (3) and elected Gérard Déprez, Stéphane Hénon and Patrick Bourmaud as members of the Board of Directors for a term of office that will continue until the end of the next Annual General Meeting in 2020. The Extraordinary General Meeting also resolved that the term of office of the current members of the Board of Directors ended upon the election of the above new Board members. The Extraordinary General Meeting resolved that no remuneration be paid to the members of the Board of Directors for a term of office ending at the closing of the next Annual General Meeting. The Extraordinary General Meeting also resolved that all members of the Board of Directors be compensated for travel and other expenses directly related to their Board work.
Disbandment of the Nomination Board
The Extraordinary General Meeting also resolved to disband the Shareholders’ Nomination Board.
Board of Directors’ formative meeting
Ramirent Plc’s Board of Directors held its formative meeting on August 15, 2019. In the meeting the Board elected from among its members Gérard Déprez as its Chairman. The Board of Directors resolved to disband the Working Committee and that no separate committees shall be established, and the Board of Directors shall be responsible for the duties of an Audit Committee. In consideration of Loxam S.A.S. owning more than 90 percent of the company’s shares and that the redemption proceeding in respect of the remaining minority shares in the company has been initiated and Ramirent Plc’s shares will be delisted from Nasdaq Helsinki Ltd. as soon as permitted and practicable under applicable laws, it was noted that the Finnish Corporate Governance Code will no longer be complied with in full.
Minutes
The minutes of the Extraordinary General Meeting of Shareholders will be available on the company’s website at no later than August 29, 2019.
Further information:
Franciska Janzon, SVP, Marketing, Communications and IR, tel. +358 20 750 2859.
Ramirent is a leading service company offering equipment rental for construction and other industries. Our mission is to help our customers gear up on safety and efficiency by delivering great equipment and smooth service with a smile. We have around 3,000 co-workers and 300 customer centers across nine countries in Northern and Eastern Europe. In 2018, Ramirent Group sales reached a total of EUR 712 million. Ramirent is listed on Nasdaq Helsinki Ltd (RAMI). Loxam S.A.S. has acquired more than 90 percent of all the Ramirent shares and will delist the company from Nasdaq Helsinki Ltd. as soon as permitted under applicable laws.
Ramirent – Gear Up. Equipment rental at your service
Distribution: Nasdaq Helsinki Ltd, the main media, www.ramirent.com