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DECISIONS MADE BY THE ANNUAL GENERAL MEETING


April 13, 2011 - London

Stonesoft Corporation Stock Exchange Release April 13, 2011 at 5.00 p.m.

 

DECISIONS MADE BY THE ANNUAL GENERAL MEETING

 

The Annual General Meeting (AGM) of Stonesoft Corporation held on April 13, 2011 confirmed the financial statements of the fiscal year 1.1.2010-31.12.2010 and granted release from liability for the members of the Board of Directors and the Chief Executive Officer (CEO). AGM decided, according to the proposal of the Board of Directors, not to pay any dividend for the fiscal year 1.1.2010-31.12.2010.

 

AGM confirmed the number of Board members to be five and re-elected Ilkka Hiidenheimo, Jukka Manner, Timo Syrjälä and Hannu Turunen as a Board member and Harri Koponen as a new Board member. The compensation for the Board members was set to EUR 2,000 per month and 15.000 option-rights under Stock Option-program 2008 (7.500 options in categories C and D) and for the Chairman of the Board to EUR 4,000 per month and 15.000 option-rights under Stock  Option-program 2008 (7.500 options in categories C and D). In addition it was decided that the Board members who belong to the main shareholders of Stonesoft Corporation will not be granted option rights as remuneration and the CEO of the company will not be paid any remuneration for his work at the Board.

 

Authorized public accountants Ernst & Young Oy with authorized public accountant Bengt Nyholm as the main responsible auditor was elected as the auditor of the company.

 

Decision on authorization

 

It was decided that the General Meeting will authorize the Board of Directors to decide on the issuance of shares, options and other special rights, in one or several issues, so that the total number of new shares may be 12,600,000 at the maximum.

Based on the authorization the Board of Directors may decide on issuance of shares to the shareholders according to the shareholders' pre-emptive subscription rights as well as in a directed issuance of shares or stock options or other special rights in deviation from the shareholders' pre-emptive subscription rights in case the deviation is justified by a weighty financial reason for the company, such as financing of an acquisition, other arrangement concerning the business of the company or development of its capital structure, or incentive to the company's personnel.

The Board of Directors will be authorized to decide on other terms and conditions related to the share issues and to the issuance of option or other special rights. The authorization is in force until the end of the 2012 AGM. This authorization supersedes the authorization decided by the AGM in the previous year.

 

 

Stonesoft Corporation

 

Ilkka Hiidenheimo
Chief Executive Officer

 

For further information, please contact:
CEO Ilkka Hiidenheimo, Stonesoft Corporation
Tel. +358 9 47 67 11
ilkka.hiidenheimo@stonesoft.com

 

Distribution:
NASDAQ OMX Helsinki Ltd
www.stonesoft.com




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: Stonesoft Oyj via Thomson Reuters ONE

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