Resolution of the annual general meeting of Solidium and publishing of annual report30.8.2010
The Annual General Meeting of the Shareholders of Solidium Oy was held in Helsinki on 27 August 2010. The meeting adopted the financial statements for the financial period 1 July 2009 to 30 June 2010 and discharged the Board of Directors and the managing director from liability.
Solidium's profit for the financial period amounted to 397 million euros, net asset value at the end of the financial period amounted to 7,715 million euros and management cost ratio was 0.05 %. The Annual General Meeting resolved to distribute, based on the proposal of the Board of Directors, a dividend of EUR 356 million. A summary of the financial period is attached to this press release.
The number of the members of the Board of Directors was resolved to be seven (7). All members of the board were re-elected: Mr. Keijo Suila as Chairman, Ms. Eija Ailasmaa as Vice Chairman and Mr. Jouni Hakala, Mr. Antti Herlin, Mr. Lauri Ihalainen, Mrs. Marketta Kokkonen and Mrs. Anni Vepsäläinen as members.
The remuneration of the Board of Directors was confirmed as follows: the Chairman of the Board shall be paid EUR 5,500 per month, the Vice Chairman of the board EUR 3,000 per month, and the other members of the Board EUR 2,500 per month. A compensation of EUR 600 will be paid to the members of the Board for attendance at each meeting.
The firm of authorized public accountants KPMG Oy Ab, APA Sixten Nyman with principal responsibility, was appointed as the company's auditor to serve for a term ending at the end of the next Annual General Meeting. The Annual General Meeting resolved to remunerate the auditors in accordance with their invoice.
Solidium's Annual Report has been published today and it is available in Finnish on Solidium's website www.solidium.fi. The English and Swedish language versions will be published in September.
Attachment: Summary of the financial period July 1, 2009 - June 30, 2010