Notice to the Annual General Meeting of Outotec Oyj
OUTOTEC OYJ STOCK EXCHANGE RELEASE FEBRUARY 8, 2011 AT 9.00 AM
Notice to the Annual General Meeting of Outotec Oyj
Notice is given to the shareholders of Outotec Oyj to the Annual General Meeting to be held on Tuesday, March 22, 2011 at 11:00 a.m. (Finnish time) at Dipoli, Otakaari 24, Espoo, Finland. The reception of persons who have registered for the Annual General Meeting will commence at the venue at 10:00 a.m.
A. MATTERS ON THE AGENDA OF THE ANNUAL GENERAL MEETING
At the Annual General Meeting, the following matters will be considered:
1. Opening of the Meeting
2. Calling the Meeting to order
3. Election of persons to scrutinize the minutes and to supervise the counting of votes
4. Recording the legality of the Meeting
5. Recording the attendance at the Meeting and adoption of the list of votes
6. Presentation of the annual accounts, the report of the Board of Directors and the Auditor's report for the year 2010
- Review by the CEO
7. Adoption of the annual accounts
8. Resolution on the use of the profit shown on the balance sheet and the payment of dividend
The Board of Directors proposes that the Annual General Meeting resolve to pay 0,75 euros per share as dividend from the distributable assets of the company. The dividend will be paid to the shareholders who are registered as shareholders in the company's register of shareholders as maintained by the Euroclear Finland Ltd on the dividend record date, Friday, March 25, 2011. The Board of Directors proposes that the dividend be paid on Friday, April 8, 2011.
9. Resolution on the discharge of the members of the Board of Directors and the CEO from liability
10. Resolution on the remuneration of the members of the Board of Directors
The Board of Directors, in assuming the duties of the Nomination Committee, proposes to the Annual General Meeting that the members of the Board of Directors be paid the following monthly remuneration: EUR 5,000 for the Chairman of the Board of Directors and EUR 3,000 for the other members of the Board of Directors each, as well as an additional EUR 1,000 for both the Vice Chairman of the Board, and the Chairman of the Audit Committee; and that the members of the Board each be paid EUR 500 for attendance at each board and committee meeting as well as be reimbursed for direct costs arising from board work.
11. Resolution on the number of members of the Board of Directors
The Board of Directors, in assuming the duties of the Nomination Committee, proposes to the Annual General Meeting that the number of the members of the Board of Directors be seven (7).
12. Election of members of the Board of Directors
The Board of Directors, in assuming the duties of the nomination committee, proposes to the Annual General Meeting that the current members of the Board of Directors Eija Ailasmaa, Carl-Gustaf Bergström, Tapani Järvinen, Karri Kaitue, Hannu Linnoinen and Anssi Soila be re-elected as members of the Board, and that the Annual General Meeting resolve to elect Carl-Gustaf Bergström as the Chairman of the Board of Directors for the term ending at the closure of the Annual General Meeting of 2012. The Board of Directors, in assuming the duties of the nomination committee, proposes Timo Ritakallio to be elected as a new member of the Board. More information on the nominees is available on the company's website.
13. Resolution on the remuneration of the Auditor
The Audit Committee proposes that the Auditor's fees are paid according to the Auditor's reasonable invoice.
14. Election of Auditor
The Audit Committee proposes that the Annual General Meeting re-elect KPMG Oy Ab as the company's Auditor for the term ending at the closing of the Annual General Meeting of 2012.
15. Authorizing the Board of Directors to decide on the repurchase of the company's own shares
The Board of Directors proposes that the Annual General Meeting authorize the Board of Directors to resolve to repurchase a maximum of 4,578.037 own shares. The proposed amount of shares corresponds to approximately 10 per cent of all the shares of the company. Own shares may be repurchased on the basis of this authorization only by using unrestricted equity for the purpose. Own shares can be repurchased at a price formed in public trading on the date of the repurchase or otherwise at a price formed on the market. The Board of Directors is entitled to decide how shares are repurchased. Derivatives may be used for the repurchase. Own shares may be repurchased otherwise than in proportion to the shares held by the shareholders (directed repurchase). The authorization shall be in force until the next Annual General Meeting.
16. Authorizing the Board of Directors to decide to issue shares and other special rights entitling to shares
The Board of Directors proposes that the Annual General Meeting authorize the Board of Directors to resolve to issue shares, to grant option rights and other special rights entitling to shares pursuant to Chapter 10, Article 1 of the Companies Act as follows: The number of shares to be issued on the basis of this authorization shall not exceed 4,578,037 shares, which corresponds to approximately 10 per cent of all the shares of the company. The Board of Directors is entitled to decide on the terms of issuance of shares and of special rights entitling to shares and it is entitled to deviate from the shareholders' pre-emptive subscription rights (directed issue). This authorization does not, however, entitle the Board of Directors to issue option rights as an incentive to the personnel. This authorization applies to both issuing new shares and distribution of own shares. The authorization shall be in force until the next Annual General Meeting.
17. Proposal of the Board of Directors to amend the Articles of Association
The Board of Directors proposes that the Annual General Meeting resolve to amend Section 9 of the company's Articles of Association so that notice to convene the Annual General Meeting shall be issued by publishing the notice in one or more daily newspapers with a wide circulation or at the company's website.
18. Closing of the Meeting
B. DOCUMENTS OF THE ANNUAL GENERAL MEETING
The proposals for the decisions on the agenda of the Annual General Meeting as well as this notice are available on Outotec Oyj's website at www.outotec.com/agm. The Annual Report of Outotec Oyj, the report of the Board of Directors and the Auditor's report are available on the above-mentioned website no later than on Tuesday 22 February 2011. The proposals for decisions and the other above-mentioned documents are also available at the Annual General Meeting. Copies of these documents and of this notice will be sent to shareholders upon request. The minutes of the Annual General Meeting will be available on the above-mentioned website as from Tuesday, April 5, 2011.
C. INSTRUCTIONS FOR THE PARTICIPANTS IN THE ANNUAL GENERAL MEETING
1. Shareholders registered in the shareholders' register
Each shareholder, who is registered on the record date of the meeting, Thursday, March 10, 2011 in the shareholders' register of the company held by Euroclear Finland Ltd, has the right to participate in the Annual General Meeting. A shareholder, whose shares are registered on his/her personal book-entry account, is registered in the shareholders' register of the company.
A shareholder, who is registered in the company's shareholders' register and who wants to participate in the Annual General Meeting, shall register for the meeting no later than Thursday, March 17, 2011 at 10:00 a.m. by giving a prior notice of participation, which shall be received by the company no later than on the above-mentioned date. Such notice can be given:
a) through Outotec's website at the address http://www.outotec.com/agm;
b) by e-mail to agm@outotec.com;
c) by telephone to +358 20 529 2929 Monday to Friday between 9.00 and 16.00;
d) by regular mail to Outotec Oyj, AGM 2010, P.O. Box 86, 02201 Espoo; or
e) by telefax to +358 20 529 2200.
In connection with the registration, a shareholder shall notify his/her name, personal identification number, address, telephone number and the name of a possible assistant. The personal data given to Outotec Oyj is used only in connection with the Annual General Meeting and with the processing of related registrations.
The shareholder, his/her authorized representative or proxy representative shall, where necessary, be able to prove his/her identity and/or right of representation.
2. Holders of nominee registered shares
A holder of nominee registered shares has the right to participate in the Annual General Meeting by virtue of such shares, based on which he/she on the record date of the Annual General Meeting, i.e. on Thursday, March 10, 2011 at 10:00 a.m., would be entitled to be registered in the shareholders' register of the company held by Euroclear Finland Ltd. The right to participate in the Annual General Meeting requires, in addition, that the shareholder on the basis of such shares has been registered into the temporary shareholders' register held by Euroclear Finland Ltd. at the latest by Thursday, March 17, 2011 by 10:00 a.m. (Finnish time). As regards nominee registered shares this constitutes due registration for the Annual General Meeting.
A holder of nominee registered shares is advised to request without delay necessary instructions regarding the registration in the temporary shareholder's register of the company, the issuing of proxy documents and registration for the Annual General Meeting from his/her custodian bank. The account management organization of the custodian bank has to register a holder of nominee registered shares, who wants to participate in the Annual General Meeting, into the temporary shareholders' register of the company at the latest by the time stated above.
Further information on these matters can also be found on the company's website www.outotec.com/agm.
3. Proxy representative and powers of attorney
A shareholder may participate in the Annual General Meeting and exercise his/her rights at the Annual General Meeting by way of proxy representation.
A proxy representative shall produce a dated proxy document or otherwise in a reliable manner demonstrate his/her right to represent the shareholder at the Annual General Meeting. When a shareholder participates in the Annual General Meeting by means of several proxy representatives representing the shareholder with shares at different securities accounts, the shares by which each proxy representative represents the shareholder shall be identified in connection with the registration for the Annual General Meeting.
Possible proxy documents should be delivered to the company before the last date for registration.
4. Other instructions and information
Pursuant to Chapter 5, Section 25 of the Companies Act, a shareholder who is present at the Annual General Meeting has the right to request information with respect to the matters to be considered at the Annual General Meeting.
On the date of this notice to the Annual General Meeting, the total number of shares in Outotec Oyj and the total number of votes represented by such shares is 45,780,373.
Espoo, 7 February, 2011
OUTOTEC OYJ
BOARD OF DIRECTORS
For more information:
OUTOTEC OYJ
Rita Uotila
Vice President - Investor Relations
Tel.: +358 20 529 2003, mobile: +358 400 954 141
e-mail: rita.uotila(at)outotec.com
DISTRIBUTION
Nasdaq OMX Helsinki
Main media
www.outotec.com