Konecranes convenes annual general meeting for March 23
Konecranes Oyj has called its shareholders to an annual general meeting to be held on March 23, 2016, in Hyvinkää, Finland. The meeting will address the financial statements and proposed dividend distribution.
Konecranes Oyj, a manufacturer of cranes and lifting equipment, has announced that its annual general meeting will take place on March 23, 2016, in Hyvinkää, Finland. The meeting agenda includes the approval of the financial statements for 2015 and the distribution of dividends.
The company's board of directors has proposed a dividend of 1.05 euros per share from the distributable earnings of the parent company. Eligible shareholders, as recorded in the company's shareholder register on March 29, 2016, will receive the dividend payment scheduled for April 6, 2016.
Shareholders will also vote on granting discharge of liability to the members of the board of directors and the CEO. Proposals regarding the remuneration for board members have been put forth, suggesting annual fees of 105,000 euros for the chairman, 67,000 euros for the vice-chairman, and 42,000 euros for each board member. It is proposed that 50 percent of these annual fees be paid in Konecranes shares.
The meeting is scheduled to commence at 10:00 AM local time at Hyvinkää Hall. Registration and distribution of voting cards for pre-registered attendees will begin at 9:15 AM.