RAMIRENT PLC STOCK EXCHANGE RELEASE 19.4.2007
DECISIONS OF RAMIRENT'S ANNUAL GENERAL MEETING
- Approved financial statements and dividend proposal of EUR 1.20 per share for
2006.
- Approved Board's proposals on partial amendments to the Articles of
Association and free issue.
- Authorised the Board to decide on acquisition of the company's own shares and
share issue.
- Re-elected the current Board and elected Freek Nijdam as a new member.
The Annual General Meeting of Ramirent Plc approved today the financial
statements for 2006 as presented by the Board of Directors and discharged the
members of the Board of Directors and CEO of Ramirent Plc from liability for the
financial year 2006. In addition, the Annual General Meeting approved the
proposals of the Board of Directors to amend the Articles of Association and
issue new shares to the shareholders without any payment (“free issue”), as well
as authorised the Board of Directors to decide on the acquisition of the
company's own shares and on a share issue.
The Annual General Meeting decided to distribute a dividend of EUR 1.20 per
share for 2006. The dividend will be paid to shareholders who have been entered
as shareholders in Ramirent's shareholder register maintained by the Finnish
Central Securities Depository Ltd by the dividend record date 24 April 2007. The
dividend will be paid on 8 May 2007.
The Annual General Meeting decided to elect seven members to the Board of
Directors: Kaj-Gustaf Bergh, Torgny Eriksson, Peter Hofvenstam, Ulf Lundahl,
Freek Nijdam, Erkki Norvio and Susanna Renlund. At the organisational meeting of
the Board of Directors held after the Annual General Meeting, Peter Hofvenstam
was elected Chairman of the Board and Kaj-Gustaf Bergh Vice Chairman. Peter
Hofvenstam, Kaj-Gustaf Bergh and Ulf Lundahl were elected members of the Working
Committee. Peter Hofvenstam will act as Chairman for the Working Committee. The
Working Committee was established in 2004 to fulfil the duties of the Audit and
Compensation committees set forth in the Recommendation for Corporate Governance
for Listed Companies.
The Annual General Meeting decided the remuneration for the Chairman to be EUR
3,000 per month and additionally EUR 1,500 for attendance at Board and Working
committee meetings and other similar Board assignments; for the vice-chairman
EUR 2,500 per month and additionally EUR 1,300 for attendance at Board and
Working committee meetings and other similar Board assignments; and for the
members of the Board EUR 1,700 per month and additionally EUR 1,000 for
attendance at Board and Working committee meetings and other similar Board
assignments.
At the Annual General Meeting KPMG Oy Ab, a firm of Authorized Public
Accountants, was re-elected auditor. Pauli Salminen, APA, is the main
responsible auditor appointed by KPMG Oy Ab.
RAMIRENT PLC
Kari Kallio
President and CEO
FURTHER INFORMATION:
Kari Kallio, President and CEO, tel. +358 40 716 1832
Paula Koppatz, General Counsel, tel. +358 40 543 4730
DISTRIBUTION:
Helsinki Exchanges
Main media
www.ramirent.com
Ramirent is the leading machinery rental company in the Nordic countries, and in
Central and Eastern Europe. The Group is headquartered in Helsinki and has 288
permanent outlets in twelve countries. Ramirent employs over 3,000 people and in
2006 the consolidated net sales were 498 million. Ramirent is listed on the
Helsinki Stock Exchange. For further information, please visit www.ramirent.com.
