Resolutions of The Annual General Meeting of Glaston Corporation

Resolutions of The Annual General Meeting of Glaston Corporation
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www.glaston.net
Glaston's Annual General meeting was held on 4 April 2017 in Helsinki. View the resolutions of the AGM.

The General Meeting adopted the financial statements and consolidated financial statements for the financial period from 1 January to 31 December 2016.

In accordance with the proposal of the Board of Directors, the General Meeting resolved that no dividend be distributed for the year 2016.

The General Meeting discharged the members of the Board of Directors and the President and CEO from liability concerning the financial year from 1 January to 31 December 2016.

The number of the members of the Board of Directors was resolved to be seven. The General Meeting decided to re-elect all current members of the Board of Directors, Mr. Andreas Tallberg, Mr. Teuvo Salminen, Mr. Claus von Bonsdorff, Ms. Anu Hämäläinen, Ms. Sarlotta Narjus and Mr. Pekka Vauramo, as members of the Board of Directors for the following term ending at the closing of the next Annual General Meeting.  

In addition, it was resolved  that M.Sc.(Eng) Kai Mäenpää  be elected as new member of the Board of Directors for the same term.

 In its organization meeting held after the General Meeting, the Board of Directors elected Andreas Tallberg as Chairman of the Board and Teuvo Salminen as Vice Chairman of the Board.

The General Meeting resolved that the yearly remuneration payable to the members of the Board of Directors remain as follows: 40,000 euro for the Chairman of the Board and 30,000 euro for the Vice Chairman of the Board and the remuneration payable to other members of the Board of Directors shall remain at 20,000 euro.

The General Meeting elected accounting firm Ernst & Young Oy as the company’s auditor with Authorised Public Accountant Kristina Sandin as the main responsible auditor.

The General Meeting authorised the Board of Directors to decide on the issuance of shares as well as the issuance of options and other rights entitling to shares. The authorisation consists of up to 20,000,000 shares in the aggregate.

The authorisation does not exclude the Board of Directors' right to decide on a directed issue. The authorisation was proposed to be used for material arrangements from the company's point of view, such as financing or implementing business arrangements or investments or for other such purposes determined by the Board of Directors in which case a weighty financial reason for issuing shares, options or other rights and possibly directing a share issue would exist.

The Board of Directors is authorised to resolve on all other terms and conditions of the issuance of shares, options and other rights entitling to shares as referred to in Chapter 10 of the Companies Act, including the payment period, grounds for the determination of the subscription price and subscription price or allocation of shares, option or other rights free of charge or that the subscription price may be paid besides in cash also by other assets either partially or entirely. The authorisation is effective until 30 June 2018. The authorisation supersedes earlier authorisations.

600450 Resolutions of The Annual General Meeting of Glaston Corporation glassonweb.com

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