Bli medlem
Bli medlem

Du är här

2016-05-11

Kotipizza Group Oyj: Resolutions of Kotipizza Group's Annual General Meeting

Kotipizza Group Oyj

Stock Exchange Release 11 May 2016 at 4.30 pm (EET)

Resolutions of Kotipizza Group's Annual General Meeting

Kotipizza Group's Annual General Meeting held on 11 May, 2016 resolved that no
dividend is paid for the financial period ending 31 January 2016, but EUR
0,35 per share is paid from the reserves for invested unrestricted equity to
a shareholder who, at the distribution payment record date, 13 May 2016, is
listed in the company's shareholder register maintained by Euroclear Finland
Ltd. The distribution will be paid on 20 May 2016.

The minutes of the Annual General Meeting will be available on the company's
website at ir.kotipizzagroup.com no later than by 20 May, 2016.

Financial Statements

The AMG adopted the financial statements for financial year ending 31 January
2016.

Discharge from Liability

The AMG discharged the members of the Board of Directors and CEO from
liability for the financial year ending 31 January 2016.

The Board of Directors

The AGM resolved the number of Board members to be six. Johan Wentzel, Minna
Nissinen, Petri Parvinen, Kim Hanslin and Kalle Ruuskanen were re-elected as
members of Board of Directors for a term of office that lasts until the end
of the next AGM. Marjatta Rytömaa was elected as a new member. Johan Wentzel
was re-elected as Chairman of the Board of Directors.

Remuneration of the Board of Directors

The AGM resolved that the members of the Board will be paid as follows:
Chairman of the Board of Directors Johan Wentzel and member Marjatta Rytömaa
EUR 500 per month (EUR 6 000 p.a.) and other members of the Board of
Directors EUR 2 000 per month (EUR 24 000 p.a.) each.

Election and Remuneration of the Auditor

The AGM resolved that the remuneration for the auditor be paid according to
invoice approved by the company. The AGM resolved to re-elect audit firm
Ernst&Young Oy as the company's auditor for a term that ends at the closing
of the next AGM.

Share Issues

The AGM resolved to authorize the Board of Directors to decide on a share
issue on following terms:

1 The authorization may be used in full or in part by issuing shares in
Kotipizza Group Oyj in one or more issues so that the maximum number of
shares issued is 635 000 shares.
2 The Board of Directors may also decide on a directed share issue in
deviation from the shareholders' pre-emptive rights in case there is a
weighty financial reason to do so, such as in order to finance or carry out
acquisitions or other business transactions, develop the company's capital
structure, or in order to use the shares for an incentive scheme. The Board
of Directors would be authorized to decide to whom and in which order the
shares will be issued. In the share issues shares may be issued for
subscription against payment or without charge.
3 Based on the authorization, the Board of Directors is also authorized to
decide on a share issue without payment directed to the company itself,
provided that the number of shares held by the company after the issue would
be a maximum of 10 per cent of all shares in the company. This amount
includes shares held by the company and its subsidiaries in the manner
provided for in Chapter 15, section 11 (1) of the Companies Act.
4 This authorization includes the right for the Board of Directors to decide
on the terms and conditions of the share issues and measures related to the
share issues in accordance with the Companies Act, including the right to
decide whether the subscription price will be recognized in full or in part
in the invested unrestricted equity reserve or as an increase to the share
capital.
5 The authorization is valid until 31 July 2017.
6 The authorization will supersede the authorization to decide upon share
issues given to the company's Board of Directors on 28 May 2015.

Kotipizza Group Oyj

Tommi Tervanen, CEO

More information:

Tommi Tervanen, CEO
tel. +358 207 716 743

Timo Pirskanen, CFO
tel. +358 207 716 747

Kotipizza Group in brief

Kotipizza is a Finnish pizza chain founded in 1987. At the end of financial
year 2015, the number of restaurants stood at 257 restaurants. In 2015, the
sales of Kotipizza restaurants were EUR 77.3 million. Kotipizza Group net
sales were EUR 56.4 million for the financial year 2015 with a comparable
EBITDA of EUR 5.03 million respectively.

Release Resolutions of Kotipizza Groups Annual General Meeting 110516
http://hugin.info/160462/R/2011811/744982.pdf

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Kotipizza Group Oyj via Globenewswire

HUG#2011811

Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.