CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 20 MARCH 2013 AT 2.30 P.M. (EET)
Decisions taken at Cargotec Corporation's Annual General Meeting 2013
Cargotec Corporation's Annual General Meeting was held today, 20 March 2013 in Helsinki.
The Annual General Meeting approved a dividend of EUR 0.71 per each of class A shares and EUR 0.72 per each of class B shares outstanding be paid. The dividend will be paid to shareholder who on the record date for dividend distribution, 25 March 2013, is registered as shareholder in the company's share register. The dividend payment date is 3 April 2013.
The meeting approved the financial statements and consolidated financial statements. The meeting granted discharge from liability to the President and CEO and the members of the Board of Directors for the accounting period 1 January-31 December 2012.
The number of the members of the Board of Directors was confirmed at seven. Tapio Hakakari, Ilkka Herlin, Peter Immonen, Antti Lagerroos, Teuvo Salminen and Anja Silvennoinen were re-elected to the Board of Directors. Jorma Eloranta, M. Sc. (Tech.) was appointed as a new member. The meeting decided the yearly remuneration for the Board of Directors as follows: EUR 80,000 for the Chairman, EUR 55,000 for the Vice Chairman, EUR 55,000 for the Chairman of the Audit and Risk Management Committee and EUR 40,000 for the other Board members. In addition, it was decided that members receive EUR 500 for attendance at Board and Committee meetings. The meeting decided that 30 percent of the yearly remuneration of the members of the Board will be paid in Cargotec's class B shares and the rest in cash.
The Annual General Meeting elected authorised public accountants Jouko Malinen and PricewaterhouseCoopers Ltd as auditors. The auditors' fees were decided to be paid according to invoice approved by the company.
The Annual General Meeting authorised the Board of Directors to decide on the repurchase of own shares with non-restricted equity. Altogether no more than 6,400,000 own shares may be purchased, of which no more than 952,000 are class A shares and 5,448,000 are class B shares. The authorisation shall remain in effect for a period of 18 months from the resolution by the Annual General Meeting.
Further information for media:
Anne Westersund, Vice President, Communications, tel. +358 20 777 4460
Further information for investors:
Eeva Sipilä, Executive Vice President and CFO, tel. +358 20 777 4104
Cargotec improves the efficiency of cargo flows on land and at sea - wherever cargo is on the move. Cargotec's brands MacGregor, Kalmar and Hiab are recognised leaders in cargo and load handling solutions around the world. Cargotec's global network is positioned close to customers and offers extensive services that ensure the continuous, reliable and sustainable performance of equipment. Cargotec's sales totalled EUR 3.3 billion in 2012 and it employs approximately 10,500 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com (http://www.cargotec.com/)
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information contained therein.
Source: Cargotec Oyj via Thomson Reuters ONE
