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Resolutions by Annual General Meeting and organisation of the board

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The Annual General Meeting of Lassila & Tikanoja plc held today 1 April 2008
adopted the financial statements for the financial year ended on 31 December
2007 and released the members of the Board of Directors and the President and
CEO from liability. 


The AGM resolved that a dividend of EUR 0.55, as proposed by the Board of
Directors, be paid for the financial year 2007. The dividend will be paid on 11
April 2008 to all shareholders listed in the Company's list of shareholders
maintained by the Finnish Central Securities Depository Ltd on the record date
4 April 2008. 


The number of the members of the Board of Directors was confirmed six (6). The
following Board members were re-elected to the Board until the end of the
following AGM: Eero Hautaniemi, Lasse Kurkilahti, Juhani Lassila and Juhani
Maijala. Heikki Bergholm and Matti Kavetvuo were elected as new members for the
same term. 

The Meeting resolved on the following annual fees: Chairman EUR 46,250, Vice
Chairman EUR 30,500 and the ordinary members EUR 25,750. The fees shall be paid
so that each member purchases company shares worth of the net amount of the fee
(40%) in public trading on the OMX Nordic Exchange within the next fourteen
trading days, free from restrictions on trading, from the Annual General


PricewaterhouseCoopers Oy, Authorised Public Accountants, were elected auditors
with Heikki Lassila, Authorised Public Accountant, acting as Principal Auditor.
The fees of the auditors are paid according to invoicing. 


The Annual General Meeting approved the Board's proposal to issue share options
to key personnel of the Lassila & Tikanoja Group and/or to a wholly-owned
subsidiary of Lassila & Tikanoja plc. 

The share options shall, with deviation from the shareholders' pre-emptive
right to subscribe, be issued to the key personnel of the Lassila & Tikanoja
Group and/or to a wholly-owned subsidiary of the Company. The share options
shall be granted free of charge. The maximum number of share options to be
issued shall be 230,000. Each share option entitles its holder to subscribe for
one (1) share of Lassila & Tikanoja plc. As a result of the exercise of the
2008 share options, the number of shares issued by Lassila & Tikanoja plc may
increase by a maximum of 230,000 new shares. The share options issued under
this share option scheme entitle their holders to subscribe for a maximum of
0.59% of the Company's current number of shares and voting rights. 

The exercise price of the 2008 share options shall be the trading volume
weighted average price of the Company's share on the OMX Nordic Exchange in May
2008, rounded off to the nearest cent. The exercise price of the share options
shall, as per the dividend record date, be reduced by the amount of dividend
which exceeds 70% of the profit per share for the financial period to which the
dividend applies. However, only such dividends whose distribution has been
agreed upon after the option pricing period and which have been distributed
prior to the share subscription are deducted from the subscription price. The
exercise price shall, however, always amount to at least EUR 0.01. The exercise
price shall be recognised in the invested non-restricted equity fund. 

The exercise period shall be from 1 November 2010 to 31 May 2012.


At its organising meeting following the Annual General Meeting, the Board of
Directors re-elected Juhani Maijala as Chairman of the Board and Juhani Lassila
as Vice Chairman. 


Jari Sarjo, President and CEO

For additional information please contact Mr. Jari Sarjo, President and CEO,
tel. +358 10 636 2810. 

ATTACHMENT  Terms and conditions of the option scheme

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