Raisio plc: Raisio’s Annual General Meeting 21 March 2018

Raisio plc         Stock Exchange Release 21 March 2018

RAISIO’S ANNUAL GENERAL MEETING 21 MARCH 2018

Raisio plc’s Annual General Meeting (AGM) approved the financial statements for the financial year 1 January – 31 December 2017 and granted the members of the Board of Directors and the Supervisory Board as well as the Chief Executives discharge from liability. The AGM decided to pay a dividend of EUR 0.17 per share. The Board of Directors’ proposals to the AGM were approved without changes.

A total of 2,323 shareholders were personally present or represented by a proxy at the AGM held in Turku, representing 62.0 million shares, i.e. 37.5 per cent of the total share capital.

DIVIDEND PAYMENT

The AGM approved the Board of Directors’ proposal to pay a dividend of EUR 0.17 for each restricted and free share. The dividend will be paid on 5 April 2018 to each shareholder who is entered in the shareholders’ register on the record date of 23 March 2018. The dividend will not be paid on the shares held by the company.

NOMINATIONS

The number of members of the Board of Directors was confirmed to be five, and Erkki Haavisto, Ilkka Mäkelä, Leena Niemistö and Ann-Christine Sundell were  reappointed and Kari Kauniskangas was appointed as a new member, all of them for the term commencing at the closing of this AGM. At its meeting held after the AGM, the Board of Directors elected Ilkka Mäkelä as its Chairman and Kari Kauniskangas as its Vice Chairman.

The Chairman of the Board will be paid a monthly fee of EUR 5,000 and the members a monthly fee of EUR 2,500. Approximately 20% of the fee will be paid with the company’s own shares and approximately 80% in cash. The fees are paid in two equal instalments during the term so that the first payment will be made on 15 June and the second on the 15 December. In addition to this, a remuneration of EUR 800 in cash will be paid to the Chairman of the Board and a remuneration of EUR 400 in cash to the members of the Board for each board meeting, including the meetings of committees set by the Board among its members. For a teleconference meeting this remuneration will be EUR 400 in cash to the Chairman of the Board and EUR 200 in cash to the members of the board. Moreover, they will receive a daily allowance for the meeting days and they will be reimbursed for travel expenses according to the company’s travelling rules.

The number of members of the Supervisory Board was confirmed to be 25. Holger Falck, Mårten Forss, Mikael Holmberg, Kimmo Inovaara, Markku Kiljala, Tuomas Levomäki, Heikki Pohjala and Tapio Ylitalo were elected as the members of the Supervisory Board for the term commencing at the closing of this AGM. Inovaara is a new member in the Supervisory Board.

The annual remuneration payable to the Chairman of the Supervisory Board will be EUR 12,000 and the members will receive a payment of EUR 350 for each meeting, in addition to which their travel expenses will be compensated and they will receive a daily allowance for the meeting days according to the company’s travelling rules. The Meeting also decided to pay the Chairman of the Supervisory Board a fee of EUR 350 for each attended Board Meeting.

Authorised public accountants Esa Kailiala and Kimmo Antonen were elected as regular auditors. KPMG Oy Ab and authorised public accountant Niklas Oikia were elected as deputy auditors. Their term commenced at the closing of this AGM and ends with the closing of the following Annual General Meeting.

AUTHORISATION TO REPURCHASE OWN SHARES AND TO ISSUE SHARES

The AGM authorised the Board of Directors to decide on the repurchase of and/or accepting as pledge a maximum of 5,000,000 free shares and 1,250,000 restricted shares. The authorisation will be valid until 30 April 2019.

Furthermore, the AGM authorised the Board of Directors to decide on share issues (1) by assigning a total of no more than 14,000,000 free shares that are in the Company’s possession and a total of no more than 1,460,000 restricted shares that are in the Company’s possession and (2) by issuing a maximum of 20,000,000 new free shares. The share issue authorisation will be valid until 30 April 2019.

The details of the authorisations are available in the stock exchange release published on 12 February 2018.

The authorisations to repurchase own shares and to issue shares given by the AGM in 2017 expire on 21 March 2018.

RAISIO PLC

Heidi Hirvonen
Communications and IR Manager
tel. + 358 50 567 3060

Further information:
Janne Martti, Secretary of the Board, tel. +358 50 556 6521

Raisio plc

Raisio is an international food and feed company focusing on wellbeing and profitable growth. The core of Raisio’s strategy consists of plant-based, healthy and responsible branded products. Benecol is an international success story in cholesterol lowering. Our well-known local brands include Elovena, Nordic, Cattle feed Maituri and Baltic Blend fish feeds. We promote sustainable food chain and develop innovations to enhance wellbeing. Raisio plc’s shares are listed on Nasdaq Helsinki Ltd. In 2017, the Group's net sales from continuing operations totalled EUR 306.8 million and comparable EBIT was EUR 37.8 million. The Group employs some 400 people. For more information on Raisio go to www.raisio.com/en

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Nasdaq
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