RAMIRENT PLC COMPANY ANNOUNCEMENT 17 March 2016 at 12:15 EET
Vantaa, Finland, 2016-03-17 11:15 CET (GLOBE NEWSWIRE) —
Resolutions passed at Ramirent Plc’s Annual General Meeting 2016
Ramirent Plc’s Annual General Meeting, which was held today on 17 March 2016, adopted the 2015 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 fee, the authorisation of the Board of Directors to repurchase the Company’s own shares and authorisation of the Board of Directors for a share issue.
Dividend payout
The Annual General Meeting adopted the Board’s proposal that a dividend of EUR 0.40 per share be paid based on the adopted balance sheet for the financial year ended on 31 December 2015. 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 21 March 2016. It was decided that the dividend be paid on 1 April 2016 for shareholders whose shares are registered in Euroclear Finland Ltd and on 4 April 2016 for shareholders whose shares are registered in Euroclear Sweden AB.
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 seven (7) and re-elected the Board members Kevin Appleton, Kaj-Gustaf Bergh, Anette Frumerie, Ulf Lundahl, Tobias Lönnevall, Mats O Paulsson and Susanna Renlund 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 as follows: for the Chairman EUR 3,800 per month and additionally EUR 1,600 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 Board of Directors shall decide on other terms of the share purchase. The share repurchase authorisation is valid until the next Annual General Meeting.
Share issue and/or issuance of option rights, convertible bonds and/or other special rights entitling to shares
The Annual General Meeting authorised the Board of Directors to decide on the issuance of a maximum of 10,869,732 new shares and/or conveyance of a maximum of 10,869,732 Company’s own shares. By virtue of the authorisation, the Board of Directors also has the right to grant option rights, convertible bonds and/or other special rights referred to in Chapter 10, Section 1 of the Companies Act, which entitle to new shares or the Company’s own shares against payment in such a manner that the subscription price of the shares is paid in cash or by using the subscriber’s receivable to set off the subscription price. New shares may be issued and the Company’s own shares held by the Company may be conveyed either against payment or for free.
The Board of Directors shall decide on all other terms and conditions related to the authorizations. The authorizations shall be valid until 17 March 2021 and they shall revoke the authorizations given by the Annual General Meeting on 26 March 2013.
The minutes of the Annual General Meeting will be available on the Internet at the company website www.ramirent.com by 31 March 2016.
Helsinki, 17 March 2016
RAMIRENT PLC
THE BOARD OF DIRECTORS
FURTHER INFORMATION:
Pierre Brorsson, CFO, tel. +46 8 624 9541
DISTRIBUTION:
NASDAQ OMX Helsinki
Main news media
Ramirent is a leading equipment rental group combining the best equipment, services and know-how into rental solutions that simplify customer’s business. Ramirent serves a broad range of customer sectors including construction, industry, services, the public sector and households. Ramirent has operations in the Nordic countries and in Central and Eastern Europe. In 2015, Ramirent Group sales totalled EUR 636 million. The Group has 2,654 employees in 288 customer centres in 10 countries. Ramirent is listed on the NASDAQ Helsinki (RMR1V). Ramirent – More than machines®.