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Ahlstrom BoD to convene AGM on April 2
01 Feb '08
4 min read
All the nominees are considered independent of the Company and significant shareholders of the Company.
In addition, the proposed remuneration for attendance at the meetings of the permanent Board committees is EUR 1,150 per meeting. Travel expenses are reimbursed in accordance with the Company's travel policy.
Auditor and Auditor's remuneration:
Upon the recommendation of the Audit Committee, the Board of Directors proposes that PricewaterhouseCoopers Oy (PWC) be elected as Ahlstrom's auditor. PricewaterhouseCoopers Oy has designated Authorized Public Accountant Eero Suomela as auditor in charge.
The Audit Committee proposes that the auditor's remuneration be paid according to invoicing.
Authorization to repurchase the Company's own shares:
The Board of Directorsproposes that the Annual General Meeting authorizes the Board of Directors to resolve to repurchase a maximum of 4,500,000 own shares in the Company taking into account the limitations set forth in the Companies' Act.
The maximum number of shares to be repurchased corresponds to less than 10% of all issued Company shares. The authorization is valid for 18 months from the close of the Annual General Meeting but will, however, expire at the close of the next Annual General Meeting, at the latest. The shares may be repurchased only through public trading at the prevailing market price by using unrestricted shareholders' equity.
Authorization to distribute the Company's own shares: The Board of Directors proposes that the Annual General Meeting authorizes the Board of Directors to resolve to distribute a maximum of 4,500,000 own shares held by the Company.
The Board of Directors will be authorized to decide to whom and in which order the own shares will be distributed. The Board of Directors may decide on the distribution of own shares otherwise than in proportion to the existing pre-emptive right of shareholders to purchase the Company's own shares.
The shares may be used as consideration in acquisitions and in other arrangements as well as to implement the Company's share-based incentive plans in the manner and to the extent decided by the Board of Directors. The Board of Directors has also the right to decide on the distribution of the shares in public trading for the purpose of financing possible acquisitions.
The authorization is valid for 18 months from the close of the Annual General Meeting but will, however, expire at the close of the next Annual General Meeting, at the latest.
In addition, the proposed remuneration for attendance at the meetings of the permanent Board committees is EUR 1,150 per meeting. Travel expenses are reimbursed in accordance with the Company's travel policy.
Auditor and Auditor's remuneration:
Upon the recommendation of the Audit Committee, the Board of Directors proposes that PricewaterhouseCoopers Oy (PWC) be elected as Ahlstrom's auditor. PricewaterhouseCoopers Oy has designated Authorized Public Accountant Eero Suomela as auditor in charge.
The Audit Committee proposes that the auditor's remuneration be paid according to invoicing.
Authorization to repurchase the Company's own shares:
The Board of Directorsproposes that the Annual General Meeting authorizes the Board of Directors to resolve to repurchase a maximum of 4,500,000 own shares in the Company taking into account the limitations set forth in the Companies' Act.
The maximum number of shares to be repurchased corresponds to less than 10% of all issued Company shares. The authorization is valid for 18 months from the close of the Annual General Meeting but will, however, expire at the close of the next Annual General Meeting, at the latest. The shares may be repurchased only through public trading at the prevailing market price by using unrestricted shareholders' equity.
Authorization to distribute the Company's own shares: The Board of Directors proposes that the Annual General Meeting authorizes the Board of Directors to resolve to distribute a maximum of 4,500,000 own shares held by the Company.
The Board of Directors will be authorized to decide to whom and in which order the own shares will be distributed. The Board of Directors may decide on the distribution of own shares otherwise than in proportion to the existing pre-emptive right of shareholders to purchase the Company's own shares.
The shares may be used as consideration in acquisitions and in other arrangements as well as to implement the Company's share-based incentive plans in the manner and to the extent decided by the Board of Directors. The Board of Directors has also the right to decide on the distribution of the shares in public trading for the purpose of financing possible acquisitions.
The authorization is valid for 18 months from the close of the Annual General Meeting but will, however, expire at the close of the next Annual General Meeting, at the latest.
Ahlstrom Corporation
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