Helsinki, Finland, 2016-04-12 14:00 CEST (GLOBE NEWSWIRE) -- Finnlines Plc Stock Exchange Release 12 April 2016 at 15:00
DECISIONS OF THE ANNUAL GENERAL MEETING 2016
The Annual General Meeting of Finnlines Plc approved the Financial Statements and discharged the Company's officers from liability for the financial year 2015.
It was decided to accept the proposal of the Board of Directors that no dividend be paid for the year 2015.
The meeting decided that the number of Board Members be seven. All of the current Board Members were re-elected; Mr Christer Backman, Ms Tiina Bäckman, Mr Emanuele Grimaldi, Mr Gianluca Grimaldi, Mr Diego Pacella, Mr Olav K. Rakkenes and Mr Jon-Aksel Torgersen. The yearly compensation to the Board will remain unchanged as follows: EUR 50,000 for the Chairman, EUR 40,000 for the Vice Chairman, and EUR 30,000 for each of the other members of the Board.
The Annual General Meeting elected APA KPMG Oy Ab as the Company's auditor for the fiscal year 2016. It was decided that the external auditors will be reimbursed according to invoice.
It was decided to authorise the Board of Directors to resolve on the issuance of shares in one or several tranches. The Board of Directors may, on the basis of the authorisation, resolve on the issuance of shares in one or several tranches, so that the aggregate number of shares to be issued shall not exceed 10,000,000 shares. The Board of Directors decides on all the conditions of the issuance of shares. The issuance of shares may be carried out in deviation from the shareholders' pre-emptive rights (directed issue). The authorisation is valid until the next Annual General Meeting. The authorisation replaces the Annual General Meeting’s authorisation to decide on a share issue of 14 April, 2015.
Finnlines Plc
Tom Pippingsköld Tapani Voionmaa
CFO Group General Counsel
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About Finnlines
Finnlines is a leading shipping operator of ro-ro and passenger services in the Baltic Sea and the North Sea. The Company is listed on the Nasdaq Helsinki Ltd and is a part of the Grimaldi Group, one of the world’s largest operators of ro-ro vessels and the largest operator of the Motorways of the Sea in Europe for both passengers and freight. This affiliation enables Finnlines to offer liner services to and from any destination in the Mediterranean, West Africa as well as the Atlantic coast of both North and South America.