Home News 2009 Resolutions of Outotec Oyj's Annual General Meeting 2009
Stock Exchange Release March 18, 2009 04:30:00 PM CET

Resolutions of Outotec Oyj's Annual General Meeting 2009

OUTOTEC OYJ    STOCK EXCHANGE RELEASE   MARCH 18, 2009 AT 4.30 PM


Resolutions of Outotec Oyj's Annual General Meeting 2009


Outotec Oyj's Annual General Meeting was held today, March 18, 2009, in Helsinki, Finland. The Meeting was opened by the Chairman of the Board of Directors Mr. Risto Virrankoski and chaired by Mr. Tomas Lindholm, attorney-at-law.


Financial Statements


The Annual General Meeting approved the parent company and the consolidated Financial Statements, and discharged the members of the Board of Directors and the CEO from liability for the financial year 2008.


Dividend


The Annual General Meeting decided that a dividend of EUR 1.00 per share be paid for the financial year ended on December 31, 2008. The dividend record date is March 23, 2009, and the dividend will be paid on March 30, 2009.


The Board of Directors and auditors


The Annual General Meeting decided on the number of the Board members, including Chairman and Vice Chairman, to be five (5). Mr. Carl-Gustaf Bergström, Mr. Karri Kaitue, Mr. Hannu Linnoinen, Mr. Anssi Soila and Mr. Risto Virrankoski were re-elected as members of the Board of Directors for the term expiring at the end of the next Annual General Meeting.


The Annual General Meeting re-elected Mr. Risto Virrankoski as the Chairman of the Board of Directors.


The Annual General Meeting confirmed the remunerations to the Board members as follows: Chairman EUR 5,000 per month and other Board members EUR 3,000 per month each, Vice Chairman and Chairman of the Audit Committee in addition EUR 1,000 per month each, and each Board member EUR 500 for attendance at each Board and Committee meeting as well as reimbursement for direct costs arising from Board work.


KPMG Oy Ab, Authorized Public Accountants, was re-elected as the company's auditor, with Mauri Palvi as Auditor in charge. The fees for the auditor are paid according to invoice.


Board's authorizations


The Annual General Meeting authorized the Board of Directors to resolve upon the repurchase of the company's own shares as follows:


- The company may repurchase the maximum number of 4,200,000 shares using free equity and deviating from the shareholders' pre-emptive rights to the shares, provided that the number of own shares held by the company will not exceed ten (10) percent of all shares of the company.
- The shares are to be repurchased in public trading at the OMX Nordic Exchange Helsinki at the price established in the trading at the time of acquisition.


The authorization shall be in force until the next Annual General Meeting.


The Annual General Meeting authorized the Board of Directors to resolve upon issues of shares as follows:


- The authorization includes the right to issue new shares, distribute own shares held by the company, and the right to issue special rights referred to in Chapter 10, Section 1 of the Companies Act. This authorization to the Board of Directors does not, however, entitle the Board of Directors to issue share option rights as an incentive to the personnel.
- The total number of new shares to be issued and own shares held by the company to be distributed under the authorization may not exceed 4,200,000 shares.
- The Board of Directors is entitled to decide on the terms of the share issue, such as the grounds for determining the subscription price of the shares and the final subscription price as well as the approval of the subscriptions, the allocation of the issued new shares and the final amount of issued shares.


The authorization shall be in force until the next Annual General Meeting.


The Annual General Meeting decided to amend Section 9 of the Articles of Association so that notice to convene the General Meeting shall be issued no later than 21 days prior to the General Meeting.


Board's assembly meeting


In its assembly meeting the Board of Directors elected Mr. Karri Kaitue as the Vice Chairman of the Board of Directors. In addition, the Board elected Mr. Carl-Gustaf Bergström and Mr. Hannu Linnoinen as members of the Audit Committee, Mr. Linnoinen acting as the Chairman of the Audit Committee.


Minutes of the Meeting


The minutes of the Annual General Meeting (in Finnish) will be available for viewing by the shareholders as of April 1, 2009 at Outotec Oyj's head office.


OUTOTEC OYJ


Rita Uotila, Vice President - Investor Relations
tel. +358 20 529 2003, mobile +358 400 954141


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OMX Nordic Exchange Helsinki
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www.outotec.com