Stonesoft Oyj : Stonesoft Oyj :PROPOSALS OF STONESOFT CORPORATION'S LARGEST SHAREHOLDERS TO THE ANNUAL GENERAL MEETING Stonesoft Corporation Stock Exchange Release 21 March 2013 at 9.55 A.M. PROPOSALS OF STONESOFT CORPORATION'S LARGEST SHAREHOLDERS TO THE ANNUAL GENERAL MEETING Shareholders representing more than 34% of all the shares and votes of Stonesoft Corporation have notified the company's Board of Directors that they will propose to the Annual General Meeting to be held on 10 April 2013 that the annual remuneration payable to the members of the Board of Directors would be EUR 60,000 per year for the Chairman of the Board of Directors and EUR 30,000 per year for each member of the Board of Directors. The annual remuneration is proposed to be disbursed so that for those Board members whose direct or indirect ownership of Stonesoft Corporation is less than 100,000 shares, 50 per cent of the total gross compensation amount will be used to purchase Stonesoft Corporation's shares in public trading through NASDAQ OMX Helsinki Ltd directly for and on behalf of these Board members, and that the rest of the annual remuneration of these Board members would be paid in cash. The annual remuneration is proposed to be paid entirely in cash for those Board members whose direct or indirect ownership of Stonesoft Corporation exceeds 100,000 shares. The purchase of the shares that are paid as remuneration will take place within five (5) trading days following the decision by the Annual General Meeting. If the required amount of shares cannot be purchased during the specified period in accordance with applicable rules and regulations, the part of the annual remuneration to be paid in shares which could not be purchased can be paid in cash. In addition, it is proposed that remuneration would be paid for the work performed within the committees of the Board of Directors so that the remuneration would be EUR 4,000 per year for the Chairman of a committee and EUR 2,000 per year for each member of a committee. It is proposed that the remuneration for committee work would be paid entirely in cash. Neither the annual remuneration nor the remuneration for committee work is payable to the members of the Board of the Directors who are employed by the Company. The proposal on the remuneration of the members of Board of Directors is based on the recommendation by Alexander Corporate Finance Oy. The above-mentioned shareholders have further notified the Board of Directors of the Company that they will propose to the Annual General Meeting that the number of members of the Board of Directors would be six (6) and that the current Board members Mr. Ilkka Hiidenheimo, Mr. Harri Koponen, Mr. Jukka Manner, Mr. Timo Syrjälä, Mr. Hannu Turunen and Ms. Satu Yrjänen would be re-elected as members of the Board of Directors. The nominees have given their consent to the election. Information about all nominees and their shareholdings is published at the corporate web site www.stonesoft.com. Notice to the Annual General Meeting of Stonesoft Corporation was published as a Stock Exchange Release March 13, 2013. Stonesoft Corporation Ilkka Hiidenheimo Chief Executive Officer For further information, please contact: Mikael Nyberg CFO Tel. +358 9 4767 11 Distribution: NASDAQ OMX Helsinki Ltd www.stonesoft.com ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Stonesoft Oyj via Thomson Reuters ONE HUG#1686974
Stonesoft Oyj : Stonesoft Oyj :PROPOSALS OF STONESOFT CORPORATION'S LARGEST SHAREHOLDERS TO THE ANNUAL GENERAL MEETING
Press spacebar to pause and continue. Press esc to stop.