The Annual General Meeting of Solidium Oy was held in Helsinki on 30 October 2015. The Annual General Meeting adopted the company’s financial statements for the financial period of 1 July 2014 to 30 June 2015. The Annual General Meeting resolved, in accordance with the proposal of the Board that a dividend distribution of EUR 266 million will be paid.
It was confirmed that the Board of Directors shall have three (3) members. The following persons were elected to the Board of Directors until the end of the next Annual General Meeting: Chairman Heikki Bergholm, and members Eero Heliövaara and Anni Vepsäläinen.
The Annual General Meeting decided to keep the Board remuneration unchanged and confirmed that the Chairman of the Board of Directors shall receive a fee of EUR 5,500 per month and the members EUR 2,500 per month. In addition, a meeting fee of EUR 600 was confirmed for each meeting.
The firm of authorised public accountants KPMG Oy Ab, with APA Sixten Nyman as the principal auditor, was appointed as Solidium’s auditor to serve for a term expiring at the end of the next Annual General Meeting. The Annual General Meeting resolved to remunerate the auditors in accordance with their invoice approved by the Board of Directors.
In addition, the Annual General Meeting discharged the members of the Board of Directors and the Managing Director from liability for the financial period of 1 July 2014 to 30 June 2015.
Further information: Managing Director Kari Järvinen, tel. +358 (0)40 548 3995
Solidium is a limited company wholly owned by the State of Finland. Its mission is to strengthen and stabilise Finnish ownership in nationally important companies and increase the value of its holdings in the long term. The basis and core objective of Solidium’s strategy is proper, value-enhancing asset management of its current holdings. Through its stakes, Solidium is a minority owner in twelve listed companies: Elisa, Kemira, Metso, Outokumpu, Outotec, Sam-po, SSAB, Stora Enso, Talvivaara Mining Company, TeliaSonera, Tieto and Valmet. The market value of Solidium’s equity holdings is approximately 6.9 billion euros at the date of this press release. Further information: www.solidium.fi