Varie
Decisions of the Amer Sports Corporation Annual General Meeting
Amer Sports Corporation
STOCK EXCHANGE RELEASE
March 8, 2012 at 3:35 pm
At the Amer Sports Corporation Annual General Meeting held earlier today, the following resolutions were approved:
The Annual General Meeting (AGM) approved Amer Sports financial statements for 2011.
The AGM resolved to distribute a dividend of EUR 0.33 per share to be paid for the financial year ended December 31, 2011. The dividend will be paid to shareholders who are registered on the list of shareholders maintained by Euroclear Finland Ltd as of March 13, 2012, which is the record date for the dividend payment. The dividend will be paid on March 20, 2012.
The AGM granted the members of the Board of Directors and Company's President and CEO, Heikki Takala a discharge from liability for the financial year 2011.
It was approved that the annual remuneration payable to the Board of Directors be as follows: Chairman EUR 100,000, Vice Chairman EUR 60,000, and other members EUR 50,000. No extra remuneration is paid from attending meetings of the Board of Directors or meetings of the Committees of the Board of Directors. Of the annual remuneration, 40% is being paid in the form of the Company's shares and 60% in cash.
The AGM confirmed that the number of the members of the Board of Directors is seven (7).
The AGM elected Anssi Vanjoki, Ilkka Brotherus, Martin Burkhalter, Christian Fischer, Indra Åsander, Bruno Sälzer and Hannu Ryöppönen as members of the Board of Directors. The Board of Directors' term of service will run until the close of the 2013 Annual General Meeting.
The AGM decided that the auditor's fee will be paid as invoiced.
The AGM elected the Authorized Public Accountants PricewaterhouseCoopers Oy to act as auditor of the Company. The Audit Committee of the Board of Directors proposes that auditor in charge of the audit is Jouko Malinen, Authorized Public Accountant.
The AGM authorized the Board of Directors to decide on the repurchase of a maximum of 10,000,000 of the company's own shares ("Repurchase Authorization"). The company's own shares shall be repurchase d otherwise than in proportion to the holdings of the shareholder s by using the non-restricted equity through public trading on the Nasdaq OMX Helsinki at the market price prevailing at the time of acquisition. The shares shall be repurchased and paid for in accordance with the rules of the Nasdaq OMX Helsinki and Euroclear Finland Ltd. The Repurchase Authorization is valid eighteen (18) months from the decision of the Annual General Meeting.
Päivi Antola, Director, Corporate Communications and Investor Relations,
tel. +358 9 7257 8233
DISTRIBUTION:
NASDAQ OMX Helsinki
Major media
www.amersports.com
AMER SPORTS
Amer Sports (www.amersports.com) is a sporting goods company with internationally recognized brands including Salomon, Wilson, Atomic, Arc'teryx, Precor, Suunto and Mavic. The company's technically-advanced sports equipment, footwear and apparel improve performance and increase the enjoyment of sports and outdoor activities. The Group's business is balanced by its broad portfolio of sports and products and a presence in all major markets. Amer Sports shares are listed on the Nasdaq OMX Helsinki stock exchange.
Copyright Thomson Reuters
Attachment(s)
http://hugin.info/3020/R/1592508/500835.pdf
Regulatory News
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: %s via Thomson Reuters ONE