Decisions of annual general meeting
Resolutions of Fiskars Corporation’s Annual General Meeting 2014
Fiskars Corp. Stock Exchange Release March 12, 2014 at 16.30 EET
The Annual General Meeting of shareholders of Fiskars Corporation on March 12, 2014 approved the financial statements for 2013. It was decided to pay a dividend of 0.67 euro per share. The record date for the dividend is March 17, 2014 and the dividend will be paid on March 24, 2014. The members of the Board and the President and CEO were discharged from liability for the financial year 2013.
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 and Mr. Karsten Slotte were re-elected and Ms. Christine Mondollot was elected as a new member. The term of the Board members will expire at the end of the Annual General Meeting in 2015.
The Meeting approved the following remuneration for the members of the Board of Directors: ordinary members 45,000 euro/year, vice chairman 60,000 euro/year and chairman 90,000 euro/year. In addition, per Board and Committee meeting attended, each member will be paid 750 euro and the Chairman will be paid 1,500 euro. The Chairmen of the Committees will be paid 1,500 euro per Committee meeting. For Board members residing abroad, the fees per Board and Committee meeting will be doubled.
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, 2015.
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, 2015.
President and CEO
Anu Ilvonen, Communications Director, tel. +358 204 39 5446
Fiskars 365 – celebrating centuries of pride, passion and design. Every day.
Established in 1649 as an ironworks in a small Finnish village, Fiskars has grown to be a leading global supplier of consumer products for the home, garden and outdoors. Available in more than 60 countries, Fiskars products solve everyday problems, making daily home, garden and outdoor projects easier and more enjoyable through superior performance and design. Fiskars is listed on NASDAQ OMX Helsinki, and the company’s net sales were 799 million euro in 2013. The Group’s key international brands are Fiskars, Iittala and Gerber. www.fiskarsgroup.com