Decisions of annual general meeting
Resolutions of Fiskars Corporation’s Annual General Meeting 2012
Fiskars Corp. Stock Exchange Release March 15, 2012 at 16.15 EET
The Annual General Meeting of shareholders of Fiskars Corporation on March 15, 2012 approved the financial statements for 2011. It was decided to pay a dividend of 0.62 euro per share. The record date for the dividend is March 20, 2012 and the dividend will be paid on March 27, 2012. The members of the Board and the President and CEO were discharged from liability for the 2011 financial year.
The number of Board members was decided to remain nine. Mr. Kaj-Gustaf Bergh, Mr. Ralf Böer, Mr. Alexander Ehrnrooth, Mr. Paul Ehrnrooth, Ms. Louise Fromond, Mr. Gustaf Gripenberg, Ms. Ingrid Jonasson Blank, Mr. Karsten Slotte, and Mr. Jukka Suominen were all re-elected. The term of the Board members will expire at the end of the Annual General Meeting in 2013.
The Meeting approved the following remuneration for the members of the Board of Directors:
- To the ordinary members 40,000 euro/year
- To the vice chairman 55,000 euro/year
- To the chairman 80,000 euro/year
- In addition, per Board and Committee meeting attended, each member will be paid 600 euro, the Chairman will be paid 1,100 euro and the Chairman of the Audit Committee will be paid 1,100 euro per Audit Committee meeting.
KPMG Oy Ab was elected auditor and they nominated Ms Virpi Halonen, APA, as responsible auditor. It was decided to pay the auditors' fees as invoiced.
The Annual General Meeting decided to authorize the Board to decide on the acquisition of a maximum of 4,000,000 own shares, in one or several instalments, using the unrestricted shareholders' equity of the company. The shares may be acquired in derogation to the pre-emptive right of the shareholders to the shares of the company in public trading on NASDAQ OMX Helsinki Ltd at market price. This authorization shall remain in force until June 30, 2013.
The Annual General Meeting decided to authorize the Board to decide on the conveyance of own shares in the company's possession altogether no more than 4,000,000 shares in one or several instalments, either against payment or without payment. The Board may decide on the conveyance of the shares also in derogation of the pre-emptive right of the shareholders to the shares of the company. This authorization shall remain in force until June 30, 2013.
President and CEO
Anu Ilvonen, Communications Manager
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Fiskars is a leading global supplier of consumer products for the home, garden and outdoors. The group has a strong portfolio of respected international brands, including Fiskars, Iittala and Gerber. Founded in 1649 and listed on NASDAQ OMX Helsinki, Fiskars is Finland's oldest company. Fiskars recorded net sales of EUR 743 million in 2011, and employs some 3,400 people in over 20 countries. www.fiskarsgroup.com