OUTOTEC OYJ STOCK EXCHANGE RELEASE FEBRUARY 1, 2008 AT 10.00 AM
Outotec Oyj's AGM to convene on March 18, 2008
The Board of Directors of Outotec Oyj has decided to convene an Annual General Meeting of shareholders which will be held on Tuesday, March 18, 2008 at 1.00 pm (Finnish time) in Dipoli Congress Center in Espoo, Finland. In addition to the items as prescribed in Article 11 in the Articles of Association, the agenda for the meeting will include proposals to authorize the Board of Directors to decide on issuing shares and to authorize the Board of Directors to repurchase the company's own shares.
The meeting will be asked to decide on the proposal on the election of the Board of Directors and the Audit Committee's proposal on the election of the Auditor.
Authorization to issue shares
Proposal by the Board of Directors to the Annual General Meeting to authorize the Board of Directors to decide on an issue of new shares and an issue of special rights referred to in Article 1 of Chapter 10 of the Companies' Act as well as on distribution of own shares in the possession of the company. The number of issued new shares or distributed own shares held by the company under the authorization may not exceed 4,200,000. The authorization shall be valid until the next Annual General Meeting.
Authorization to repurchase the company's own shares
Proposal by the Board of Directors to the Annual General Meeting to authorize the Board of Directors to decide on the acquisition of no more than 4,200,000 of the company's own shares in public trading at the OMX Nordic Exchange Helsinki. The authorization shall be valid until the next Annual General Meeting.
Board of Directors and Auditor
The Board, in assuming the Nomination Committee's duties, will propose to the Annual General Meeting to re-elect the current members of the Board of Directors Carl-Gustaf Bergström, Karri Kaitue, Hannu Linnoinen, Anssi Soila and Risto Virrankoski, and to re-elect Risto Virrankoski as the chairman of the Board of Directors for a term ending at the end of the next Annual General Meeting. All previously mentioned candidates have stated that they consent to the nomination.
The Board's Audit Committee will propose that the Annual General meeting resolves to re-elect the current auditor KPMG Oy Ab as the auditor of the company for the financial year 2008 with certified accountant Mauri Palvi as the auditor in charge.
Vice President - Investor Relations
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OMX Nordic Exchange Helsinki