OKMETIC OYJ STOCK EXCHANGE RELEASE 7 APRIL 2016 AT 2.00 P.M.
DECISIONS OF THE ANNUAL GENERAL MEETING OF OKMETIC OYJ
The annual general meeting of Okmetic Oyj was held on Thursday, 7 April 2016 at 10.00 a.m. in the Finnish Aviation Museum in Vantaa, Finland. The annual general meeting adopted the annual accounts and the consolidated annual accounts for the financial year 2015 and discharged the company's management from liability.
USE OF THE PROFIT SHOWN ON THE BALANCE SHEET AND PAYMENT OF DIVIDEND
The annual general meeting decided, in accordance with the proposal of the board of directors, to distribute a dividend of 0.65 euro per share (in total 11.0 million euro). The dividend will be payable to shareholders who are registered in the shareholders' register maintained by Euroclear Finland Ltd. on the dividend record date Monday, 11 April 2016. The dividend will be paid on Monday, 18 April 2016.
ELECTION AND REMUNERATION OF THE MEMBERS OF THE BOARD OF DIRECTORS
The annual general meeting confirmed that the company's board of directors will consist of five members. Mr. Jan Lång, Mr. Hannu Martola, Ms. Riitta Mynttinen, Mr. Mikko Puolakka and Mr. Henri Österlund were re-elected as members of the board of directors until the end of the next annual general meeting. The board of directors elected Mr. Jan Lång as its chairman and Mr. Henri Österlund as its vice chairman in its organisation meeting held immediately after the annual general meeting.
It was decided that the following annual remuneration shall be paid to the members of the board of directors: 40,000 euro to the chairman, 30,000 euro to the vice chairman, and 20,000 euro to each of the other board members. The annual remuneration will be paid in cash. Payment of the annual remuneration will be made as a one-time payment on 6 May 2016. In addition, the board members will be paid meeting remuneration, amount of which is 750 euro per meeting for the chairman of the board and 500 euro per meeting for the other board members.
ELECTION AND REMUNERATION OF THE AUDITOR
Authorised Public Accountants PricewaterhouseCoopers Oy was re-elected as auditor of the company. PricewaterhouseCoopers Oy has announced that APA, Mr. Mikko Nieminen will be acting as principal auditor. It was decided that remuneration to the auditor shall be paid according to the auditor's reasonable invoice.
PRESIDENT'S REVIEW IN THE ANNUAL GENERAL MEETING
The presentation of President Kai Seikku is available at the company's website www.okmetic.com > Investors > General meeting.
Minutes of the annual general meeting will be available on the company's aforementioned website on 21 April 2016 at the latest.
OKMETIC OYJ
Kai Seikku
President
For further information, please contact:
Kai Seikku, President
Tel. +358 9 5028 0232, e-mail: kai.seikku@okmetic.com
Juha Jaatinen, Senior Vice President, Finance, IT and Communications
tel. +358 5028 0286, e-mail: juha.jaatinen@okmetic.com
Okmetic supplies tailored, high value-added silicon wafers to be used in the manufacture of sensors as well as discrete semiconductors and analog circuits. Okmetic's strategic objective is profitable growth driven by a product portfolio designed to meet customers' current and future technology needs. The core of the company's operations is being genuinely close to the customers and understanding their needs and processes.
Okmetic's global sales network, extensive portfolio of high value-added products, in-depth knowledge of crystal growing, long-term product development projects, as well as efficient and flexible production create prerequisites for achieving the strategic targets. The company's headquarters is located in Finland, where the majority of the company's silicon wafers is manufactured. In addition to in-house manufacture, Okmetic has contract manufacturing in Japan and China. Okmetic's shares are listed on Nasdaq Helsinki Ltd under the code OKM1V. For more information on the company, please visit our website at www.okmetic.com.
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