Outotec AGM Approves Dividend and Board Appointments
Outotec Oyj's Annual General Meeting on March 18, 2008, approved a dividend of EUR 0.95 per share for the 2007 financial year. The meeting also confirmed the composition of the Board of Directors and authorized share issue and repurchase actions.
The Annual General Meeting of Outotec Oyj, held in Espoo on March 18, 2008, approved the financial statements for the year 2007 and discharged the Board of Directors and the CEO from liability.
The meeting decided to distribute a dividend of EUR 0.95 per share for the financial year ending December 31, 2007. The dividend record date is set for March 25, 2008, with payment scheduled for April 1, 2008.
Five members were elected to the Board of Directors, with Risto Virrankoski re-elected as Chairman. Karri Kaitue was elected Vice Chairman. The assembly also confirmed the remuneration for board members. KPMG Oy Ab was re-elected as the company's auditor.
Furthermore, the Annual General Meeting authorized the Board of Directors to issue new shares and distribute treasury shares, up to a total of 4.2 million shares. The authorization also permits the repurchase of the company's own shares, up to 4.2 million, ensuring that the company's holding of own shares does not exceed ten percent of all shares.