RAUTE CORPORATION STOCK EXCHANGE RELEASE
DECISIONS OF RAUTE CORPORATION'S ANNUAL GENERAL MEETING 2024
Resolution on the use of the profit shown on the balance sheet and the distribution of dividend
The Annual General Meeting decided according to the proposal of the Board of Directors that a dividend of
Resolution on the number and remuneration of the members of the Board of Directors
The number of members of the Board of Directors was resolved to be seven (7).
The Annual General Meeting decided that the remuneration to the Chair of the Board continues to be
If the Board of Directors were to establish separate Board committees, the following remuneration was decided for committee work:
- Meeting fee for committee work to the Chair of the Audit Committee
- The meeting fee for the chair of other possible committees and committee members is
Election of the members of the Board of Directors
The Annual General Meeting elected the Board of Directors for the next term of office ending at the end of the Annual General Meeting in 2025. The Annual General Meeting elected
Election and remuneration of the auditor
The Annual General Meeting elected audit firm
Election and remuneration of the sustainability auditor
The Annual General Meeting elected
Authorizing the Board of Directors to resolve on the acquisition of own shares
The Annual General Meeting decided to authorize the Board to resolve on the repurchase of a maximum of 600,000 of
The authorization entitles the Board to acquire the company's shares to be used for the development of the company's capital structure, as consideration for funding or carrying out any acquisitions or other arrangements, or to be otherwise disposed of or cancelled.
The purchase consideration paid for shares purchased by virtue of the authorization shall be based on the price of the company's share in public trading such that the minimum price of acquired shares is the lowest market price quoted in public trading during the term of validity of the authorization and, correspondingly, the maximum price is the highest market price quoted in public trading during the term of validity of the authorization.
The authorization includes the right to acquire shares in a directed manner, i.e., not in proportion to the holdings of the shareholders. A directed repurchase of the company's own shares can take place, for example, by acquiring shares in public trading on markets where, according to the regulations, the company is permitted to engage in the trade of its own shares. Repurchasing shares in public trading as mentioned above, or otherwise in a directed manner, requires that the company has a weighty financial reason to do so.
The Board of Directors is authorized to decide on other terms and conditions related to share repurchases.
This authorization shall replace the authorization granted by the Annual General Meeting of
Authorizing the Board of Directors to resolve on a share issue and the issuance of special rights entitling to shares
The Annual General Meeting decided to authorize the Board to resolve on an issue of
The Board of Directors may, by virtue of the authorization, resolve to issue either new shares or treasury shares held by the company. The aggregate maximum number of shares that can be issued is 600,000 shares. Any shares to be issued based on special rights entitling to shares are included in the above-mentioned aggregate number of shares.
The authorization includes the right to deviate from the shareholders' pre-emptive rights, provided that the company has a weighty financial reason to do so. A directed share issue may be without payment only if a weighty financial reason exists in terms of the company, while considering the interests of all the shareholders. The authorization can be used, with the restrictions presented above to fund or carry out acquisitions or other arrangements or for other purposes decided by the Board of Directors.
The authorization is effective until the end of the next Annual General Meeting, or at the most for 18 months following the resolution of the Annual General Meeting.
Minutes of the Annual General Meeting
The Minutes of the Annual General Meeting are available on
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DISTRIBUTION:
RAUTE IN BRIEF - Making
Raute is the partner to future-proof the wood industry. Our technologies cover different production processes with supporting digital and analytics solutions for engineered wood products. Additionally, we offer full-scale service concept ranging from spare parts to regular maintenance and modernizations. Our innovative hardware and software solutions are designed to support our customers' efficient consumption of natural resources. In mill-scale projects, Raute is a global market leader both in the plywood and LVL industries. Raute's head office and main production is located in
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