ASPOCOMP GROUP OYJ STOCK EXCHANGE RELEASE Apr 7, 2005 at 2:30 PM 1(2)
DECISIONS OF ASPOCOMP GROUP OYJ’S ANNUAL GENERAL MEETING AND BOARD
Decisions of the Annual General Meeting
The Annual General Meeting of Aspocomp Group Oyj on April 7, 2005, decided
according to the Board’s proposal that a dividend of EUR 0.30 per share will be
distributed for fiscal year 2004. The dividend will be paid to a shareholder who
has been registered as a shareholder in the Shareholder’s Register kept by the
Finnish Central Securities Depository no later than April 12, 2005. The dividend
will be paid on April 19, 2005.
Financial Statements for 2004 were adopted and the members of the Board of
Directors, the company’s President and CEO and her deputy were discharged from
liability for fiscal year 2004.
The Annual General Meeting decided that the number of Board members is five. Mr
Aimo Eloholma, Mr Roberto Lencioni, Mr Tuomo Lähdesmäki, Mr Gustav Nyberg and Mr
Anssi Soila were re-elected as Board members. Authorized public accounting firm
PricewaterhouseCoopers Oy was appointed as auditor.
The Annual General Meeting decided that the Chairman of the Board’s remuneration
is EUR 35,000 per year, Vice-Chairman’s remuneration is EUR 25,000 per year and
the other Board member’s remuneration is EUR 15,000 per year. In addition, EUR
1,500 per actual Board Meeting shall be paid to the Chairman of the Board and
EUR 1,000 per actual Board meeting shall be paid to the other Board Members and
EUR 500 per Committeee meeting shall be paid to Committee members. The
authorized public accountants will be paid according to invoice.
The Annual General Meeting approved the Board’s proposal to authorize the Board
to decide on the acquisition and the conveyance of its own shares and on a share
capital increase by new issues and/or on taking convertible loans. The Board’s
proposals have been published by a stock exchange release on February 28, 2005.
Aspocomp Group Oyj’s Board
The Board of Directors has re-elected Mr Tuomo Lähdesmäki as Chairman of the
Board. The Board of Directors has elected Mr Gustav Nyberg as Vice-Chairman.
The Board of Directors has elected Mr Aimo Eloholma, Mr Roberto Lencioni and Mr
Tuomo Lähdesmäki as members of the Compensation Committee and the Nomination
Committee and Mr Tuomo Lähdesmäki as Chairman of these two committees. The Board
of Directors has elected only two members to the Audit Committee, Mr Gustav
Nyberg and Mr Anssi Soila. Mr Gustav Nyberg was elected as the Chairman of the
Members of the Board have decided that each Board member shall invest 40% of the
annual remuneration of the Board member of Aspocomp Group Oyj to acquire the
company’s shares during May 6 – June 17, 2005, taking into consideration the
limitations of insider regulations. In addition, the Board of Directors has
decided not to convey the shares before the Annual General Meeting 2006.
For further information, please contact CEO Maija-Liisa Friman,
tel. +358 400 488 932.
ASPOCOMP GROUP OYJ
President and CEO
Aspocomp: Innovative interconnection solutions for the electronics industry
The Aspocomp Group offers and develops innovative interconnection solutions for
the electronics industry in close cooperation with its customers. We hold a
strong and recognised position as a supplier of mobile data terminal equipment
components and we aim to further strengthen our position as a supplier to the
automotive industry and data communications networks. We offer our global
customers a fast road to mass production through flexible and cost-effective
adaptation of new technologies, to which our balanced production structure in
Europe and Asia is well adapted.
We strive to offer solutions to our customers that enable increased flexibility
in their own product development. Our belief is that this advantage will bear
increasing significance for our customers as end product lifecycles continue to
The Aspocomp Group’s production facilities are located close to its customers in
Finland, China and Thailand. In 2004 Group turnover stood at around 200 million
euros with a staff of some 3,500.
The Helsinki Stock Exchange