Resolutions of Talvivaara Mining Company Plc Annual General Meeting
June 15 2017 - 5:08AM
Stock Exchange
Release
Talvivaara Mining Company Plc
15 June 2017
Resolutions of
Talvivaara Mining Company Plc Annual General Meeting
Talvivaara Mining Company Plc
("Talvivaara" or the "Company") is pleased to announce that, at the
Annual General Meeting of the Company held at 11:00 am (Finnish
time) today on 15 June 2017, the resolutions proposed by the Board
of Directors of the Company in the notice of the meeting dated 18
May 2017 and the proposal by the Shareholders' Nomination Panel, as
amended at the meeting, were duly passed.
Talvivaara's Annual General
Meeting approved the financial statements and discharged the
members of the Board of Directors and the CEO from liability for
the financial year 2016. Annual General Meeting resolved that no
dividend is paid for 2016 and that the profit for the financial
period is entered into the Company's profit/loss account on the
balance sheet.
The Board of Directors and the
Auditor
As proposed by the Shareholders'
Nomination Panel, the Annual General Meeting decided that the
annual fee payable to the members of the Board of Directors for the
term until the close of the Annual General Meeting in 2018 will be
amended as follows: Chairman of the Board of Directors: EUR
75,000/year (previously EUR 84,000/year), Chairman of the Audit
Committee: EUR 48,000/year and other Non-Executive Directors: EUR
43,000/year (previously EUR 48,000/year). The remuneration of the
Executive Director is included in his base salary, and it is not
paid out separately. No additional fees shall be paid for the Board
Committee work, except to the Chairman of the Audit Committee and
there will be no separate meeting fees payable for the Board and
Board Committee meetings. The traveling expenses shall be
reimbursed in accordance with the Company's travel policy.
Following the announcement by the
CEO Pekka Perä at the meeting that he is no longer available for
re-election to the Board of Directors of the Company, the Annual
General Meeting decided, in accordance with the amended proposal by
the Nomination Panel, that the number of Board members be three
(3). Mr. Tapani Järvinen, Mr. Stuart Murray and Ms. Solveig
Törnroos-Huhtamäki were re-elected to the Board.
It was resolved that the auditor
will be reimbursed according to the auditor's invoice approved by
the Company. The authorised public accountants
PricewaterhouseCoopers Oy was elected as the auditor of the
Company. PricewaterhouseCoopers Oy has confirmed that the auditor
with principal responsibility will be APA, Mr. Juha Wahlroos.
Enquiries
Talvivaara Mining Company Plc Tel +358 20 7129
800
Pekka Perä, CEO
Pekka Erkinheimo, Deputy CEO
Resolutions of Talvivaara Mining
Company Plc Annual General Meeting
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Talvivaaran Kaivososakeyhtiö Oyj via
Globenewswire
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