Oriola-KD Corporation Stock Exchange Release 31 January 2012 at 6 p.m.
The Nomination Committee of Oriola-KD has today presented to the Board of Directors its recommendation on the proposal to the 2012 Annual General Meeting concerning the composition of the Board of Directors as follows:
· The number of members of the Board of Directors would remain eight.
· The present members of the Board of Directors, Mr. Jukka Alho, Mr. Harry Brade, Mr. Per Båtelson, Mr. Pauli Kulvik, Ms. Outi Raitasuo, Mr. Olli Riikkala, Mr. Ilkka Salonen and Mr. Mika Vidgrén, would be re-elected.
· Mr. Olli Riikkala would be re-elected as Chairman of the Board of Directors.
The Nomination Committee also announces as its recommendation that the following remunerations would be continued to be paid to the members of the Board of Directors:
· Chairman of the Board: annual fee of 48,400 euros, attendance fee of 800 euros per meeting, telephone as a fringe benefit.
· Vice chairman of the Board: annual fee of 30,250 euros, attendance fee of 400 euros per meeting.
· Other members of the Board: annual fee of 24,200 euros, attendance fee of 400 euros per meeting.
· Attendance fees would be paid respectively also to members of company and Board committees.
· Of the annual fee, 60 per cent would be paid in cash and 40 per cent would be used to acquire Oriola-KD Corporation's class B-shares for the members of the Board of Directors on the NASDAQ OMX Helsinki Stock Exchange on 13 April 2012. The cash part of the annual fee would be paid no later than 20 April 2012.
· Travel expenses would be reimbursed in accordance with the travel policy of
the company.
The Nomination Committee states that its recommendation on board remuneration is not given to the Board of Directors, but the matter will be proposed by a shareholder at the 2012 Annual General Meeting.
The Nomination Committee appointed by the Board of Directors of Oriola-KD on 3 November 2011 consists of Mr Harry Brade, Mr Timo Maasilta, Mr Risto Murto, Mr Olli Riikkala, Mr Timo Ritakallio and Mr Into Ylppö as chairman.
The members of the Board of Directors of Oriola-KD Corporation are presented on the company's website www.oriola-kd.com.
Oriola-KD Corporation
Kimmo Virtanen
Executive Vice President & CFO
Thomas Heinonen
General Counsel
Distribution:
NASDAQ OMX Helsinki Ltd.
Principal media
Published by:
Oriola-KD Corporation
Corporate Communications
Orionintie 5
FI-02200 Espoo, Finland
02200 Espoo
www.oriola-kd.com
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: Oriola-KD Oyj via Thomson Reuters ONE
