The General Meeting

The General Meeting is the highest decision-making body of Bittium, where the shareholders participate in the supervision and control of Bittium by using their right to speak and vote. The most important tasks of the General Meeting are, among others, the election of the Board of Directors and the adoption of the Annual Accounts. Other tasks of the General Meeting appear from the Articles of Association of the company and from the Finnish Companies Act. The company shall convene one Annual General Meeting for each financial period. An Extraordinary General Meeting shall be convened when necessary.

The Annual General Meeting 2019

The Annual General Meeting of Bittium Corporation was held on April 10, 2019, at 1pm at the University of Oulu, Saalastinsali, Pentti Kaiteran katu 1, 90570 Oulu, Finland.

Decisions of the Annual General Meeting:

  • The Annual General Meeting approved the annual accounts for the financial year 2018 and discharged the company's management from liability.

  • The Annual General Meeting decided in accordance with the proposal of the Board of Directors to pay EUR 0.05 per share as dividend based on the adopted balance sheet for the financial period of January 1, 2018 - December 31, 2018, representing approximately half of the result of the financial period, and in addition, EUR 0.10 per share as additional dividend, totaling altogether to EUR 0.15 per share. The dividend will be paid to the shareholders who are registered as shareholders in the company's register of shareholders as maintained by Euroclear Finland Ltd on the dividend record date, April 12, 2019. The dividend will be paid on April 23, 2019.

  • The Annual General Meeting decided that the Board of Directors shall comprise six (6) members. Ms. Riitta Tiuraniemi, Mr. Seppo Mäkinen, Mr. Juha Putkiranta, Mr. Petri Toljamo and Mr. Erkki Veikkolainen were re-elected as members of the Board of Directors for a term of office expiring at the end of the next Annual General Meeting. Further, Mr. Pekka Kemppainen was elected as the new member of the Board of Directors for a corresponding term of office.

  • At its assembly meeting held on April 10, 2019, the Board of Directors has elected Mr. Erkki Veikkolainen Chairman of the Board. Further, the Board has resolved to keep the Audit Committee. Mr. Juha Putkiranta (Chairman of the committee) and Ms. Riitta Tiuraniemi were elected as members of the Audit Committee and authorized public accountant Seppo Laine was invited to the Audit Committee as external advisor of the Board of Directors.

  • The following monthly remuneration shall be paid to the members of the Board of Directors: to the chairman of the Board of Directors EUR 3,150 and to the other members of the Board of Directors EUR 1,800 each. In addition, the members of the Board of Directors are entitled to compensation for attending Board meetings as follows: the chairman of the Board EUR 875 for each meeting and other members EUR 500 for each meeting. In addition, the members of the Board of Directors are entitled to compensation for attending Committee meetings as follows: the chairman of the Committee EUR 600 for each meeting and other Committee members EUR 400 for each meeting. Travel expenses of the members of the Board of Directors shall be reimbursed in accordance with the Company's travel policy. The General Meeting also decided that 50 percent of the total amount of the monthly remuneration will be paid at once as Bittium Corporation's shares acquired for the price formed in public trading, and the shares will be acquired according to the share purchase program of the company.

  • Ernst & Young Oy, authorized public accountants, was re-elected auditor of the Company for a term of office ending at the end of the next Annual General Meeting. Ernst & Young Oy has notified that Mr. Jari Karppinen, authorized public accountant, will act as responsible auditor. It was decided that the remuneration to the auditor shall be paid against the auditor's reasonable invoice.

  • The General Meeting authorized the Board of Directors to decide on the repurchase of the Company's own shares.

  • The General Meeting authorized the Board of Directors to decide on the issuance of shares and special rights entitling to shares.

Read more: The decisions of the Annual General Meeting 2019 (stock exchange release, April 10, 2019)

Previous General Meetings

Open/close section General Meeting 2018

The Annual General Meeting of Bittium Corporation was held on Wednesday, April 11, 2018 at 1.00 p.m. at the address the University of Oulu, Saalastinsali, Pentti Kaiteran katu 1, 90570 Oulu, Finland.

Decisions of the Annual General Meeting:

  • The Annual General Meeting approved the annual accounts for the financial year 2017 and discharged the company's management from liability.

  • The Annual General Meeting decided in accordance with the proposal of the Board of Directors to pay EUR 0.30 per share as dividend based on the adopted balance sheet for the financial period January 1, 2017 – December 31, 2017. The dividend will be paid to the shareholders who are registered as shareholders in the company's register of shareholders as maintained by Euroclear Finland Ltd on the dividend record date Friday, April 13, 2018. The dividend will be paid on Friday, April 20, 2018.

  • The Annual General Meeting decided that the Board of Directors shall comprise six (6) members. Mr. Seppo Mäkinen, Mr. Juha Putkiranta, Mr. Tero Ojanperä and Mr. Erkki Veikkolainen were re-elected as members of the Board of Directors for a term of office expiring at the end of the next Annual General Meeting. Further, Ms. Riitta Tiuraniemi and Mr. Petri Toljamo were elected as the new members of the Board of Directors for a corresponding term of office.

  • At its assembly meeting held on April 11, 2018, the Board of Directors has elected Mr. Erkki Veikkolainen Chairman of the Board. Further, the Board has resolved to keep the Audit Committee. Mr. Juha Putkiranta (Chairman of the committee) and Ms. Riitta Tiuraniemi were elected as members of the Audit Committee and authorized public accountant Seppo Laine was invited to the Audit Committee as external advisor of the Board of Directors.

  • The following monthly remuneration shall be paid to the members of the Board of Directors: to the chairman of the Board of Directors EUR 3,500 and to the other members of the Board of Directors EUR 2,000 each. In addition, the members of the Board of Directors are entitled to compensation for attending Board Committee meetings as follows: the chairman of the Committee EUR 600 for each meeting and other Committee members EUR 400 for each meeting. Travel expenses of the members of the Board of Directors shall be reimbursed in accordance with the Company's travel policy. The General Meeting also decided that 40 per cent of the total amount of the monthly remuneration will be paid at once as Bittium Corporation's shares acquired for the price formed in public trading, and the shares will be acquired according to the share purchase program of the company.

  • Ernst & Young Oy, authorized public accountants, was re-elected auditor of the Company for a term of office ending at the end of the next Annual General Meeting. Ernst & Young Oy has notified that Mr. Juhani Rönkkö, authorized public accountant, will act as responsible auditor. It was decided that the remuneration to the auditor shall be paid against the auditor's reasonable invoice.

  • The General Meeting authorized the Board of Directors to decide on the repurchase of the Company's own shares.

  • The General Meeting authorized the Board of Directors to decide on the issuance of shares and special rights entitling to shares.

Read more: The decisions of the Annual General Meeting 2018 (stock exchange release, April 11, 2018)

Annual General Meeting Invitation and Materials

Annual General Meeting 2018, CEO's Review (in Finnish) (pdf, 8.16 mb) »
Annual Report 2017 (pdf, 10.09 mb) »
Proposals to the Annual General Meeting 2018 (pdf, 379 kb) »
Proposed composition of the Board of Directors (pdf, 520 kb) »
Report by the BoD and Financial Statements 2017 (pdf, 1.53 mb) »
Annual General Meeting 2018, meeting minutes (pdf, 114 kb) »

Annual General Meeting Stock Releases

Bittium Corporation Financial Statement Bulletin 2017 (pdf, 747 kb) »
Notice to the General Meeting of Bittium Corporation 2018 (pdf, 540 kb) »

Open/close section General Meeting 2017

The Annual General Meeting of Bittium Corporation was held on Wednesday, April 12, 2017 at 1.00 p.m. at the address the University of Oulu, Saalastinsali, Pentti Kaiteran katu 1, 90590 Oulu, Finland.

Decisions of the Annual General Meeting:

  • The Annual General Meeting approved the annual accounts for the financial year 2016 and discharged the company's management from liability.

  • The Annual General Meeting decided in accordance with the proposal of the Board of Directors to pay EUR 0.05 per share as dividend and EUR 0.25 per share as additional dividend based on the adopted balance sheet for the financial period January 1, 2016 - December 31, 2016. The dividend will be paid to the shareholders registered in the company's register of shareholders maintained by Euroclear Finland Ltd on the dividend record date Tuesday, April 18, 2017. The dividend will be paid on Tuesday, April 25, 2017.

  • The Annual General Meeting decided that the Board of Directors shall comprise six (6) members. 

  • Ms. Kirsi Komi, Mr. Seppo Mäkinen, Mr. Juha Putkiranta, Mr. Staffan Simberg and Mr. Erkki Veikkolainen were re-elected as members of the Board of Directors for a term of office expiring at the end of the next Annual General Meeting. Further, Mr. Tero Ojanperä was elected as a new member of the Board of Directors for a corresponding term of office.

  • At its assembly meeting held on April 12, 2017, the Board of Directors has elected Mr. Erkki Veikkolainen as the Chairman of the Board. 

  • Further, the Board has resolved to keep the Audit Committee with Mr. Staffan Simberg (Chairman of the committee) and Ms. Kirsi Komi as committee members and authorized public accountant Mr. Seppo Laine was invited to the Audit committee as external advisor of the Board of Directors.

  • The following monthly remuneration shall be paid to the members of the Board of Directors: to the chairman of the Board of Directors EUR 3,500 and to the other members of the Board of Directors EUR 2,000 each. In addition, the members of the Board of Directors are entitled to compensation for attending Board Committee meetings as follows: the chairman of the Committee EUR 600 for each meeting and other Committee members EUR 400 for each meeting. Travel expenses of the members of the Board of Directors shall be reimbursed in accordance with the Company's travel policy. 40 per cent of the total amount of the monthly remuneration will be paid at once as Bittium Corporation's shares acquired for the price formed in public trading, and the shares will be acquired according to the share purchase program of the company.

  • Ernst & Young Oy, authorized public accountants, was re-elected auditor of the Company for a term of office ending at the end of the next Annual General Meeting. Ernst & Young Oy has notified that Mr. Juhani Rönkkö, authorized public accountant, will act as responsible auditor. It was decided that the remuneration to the auditor shall be paid against the auditor's reasonable invoice.

  • The General Meeting authorized the Board of Directors to decide on the repurchase of the Company's own shares.

  • The General meeting authorized the Board of Directors to decide on the issuance of shares and special rights entitling to shares.

Read more: The decisions of the Annual General Meeting 2017 (stock exchange release, April 12, 2017)

Annual General Meeting Invitation and Materials

Agenda, Bittium Corporation Annual General Meeting April 12, 2017 (pdf, 73.3 kb) »
Annual General Meeting 2017, CEO's Review (in Finnish) (pdf, 5.2 mb) »
Annual General Meeting 2017, Meeting Minutes (pdf, 125 kb) »
Annual Report 2016 (pdf, 5.57 mb) »
Proposals to the Annual General Meeting 2017 (pdf, 375 kb) »
Proposed composition of the Board of Directors (pdf, 546 kb) »
Report by the BoD and Financial Statements 2016 (pdf, 2.54 mb) »

Annual General Meeting Stock Releases

Bittium Corporation Financial Statement Bulletin 2016 (pdf, 411 kb) »
Decisions of the Annual General Meeting of Bittium Corporation (pdf, 104 kb) »
Notice to the General Meeting of Bittium Corporation 2017 (pdf, 386 kb) »

Open/close section General Meeting 2016

The Annual General Meeting of Bittium Corporation was held on April 19, 2016 at 1.00p.m. at the address the University of Oulu, Saalastinsali, Pentti Kaiteran katu 1, 90570 Oulu, Finland.

Decisions of the Annual General Meeting:

  • The Annual General Meeting approved the annual accounts for the financial year 2015 and discharged the Company's management from liability.
  • The Annual General Meeting decided in accordance with the proposal of the Board of Directors to pay EUR 0.05 per share as dividend based on the adopted balance sheet for the financial period January 1, 2015 - December 31, 2015 and EUR 0.25 per share as additional dividend. The dividend will be paid to the shareholders registered in the company's register of shareholders maintained by Euroclear Finland Ltd on the dividend record date Thursday, April 21, 2016. The dividend will be paid on Thursday, April 28, 2016.
  • The Annual General Meeting decided that the Board of Directors shall comprise five (5) members.
  • Ms. Kirsi Komi, Mr. Seppo Mäkinen, Mr. Juha Putkiranta, Mr. Staffan Simberg and Mr. Erkki Veikkolainen were elected members of the Board of Directors for a term of office expiring at the end of the next Annual General Meeting.
  • At its assembly meeting held on April 19, 2016, the Board of Directors has elected Mr. Erkki Veikkolainen as the Chairman of the Board.
  • Further, the Board has resolved to keep the Audit and Financial Committee with Mr. Staffan Simberg (Chairman of the committee) and Ms. Kirsi Komi as committee members and the former Chairman of the Board of Directors Mr. Seppo Laine was invited to the committee as external advisor of the Board of Directors.
  • The following monthly remuneration shall be paid to the members of the Board of Directors: to the chairman of the Board of Directors EUR 3,500 and to the other members of the Board of Directors EUR 2,000 each. In addition, the members of the Board of Directors are entitled to compensation for attending Board Committee meetings as follows: the chairman of the Committee EUR 600 for each meeting and other Committee members EUR 400 for each meeting. Travel expenses of the members of the Board of Directors shall be reimbursed in accordance with the Company's travel policy. 40 per cent of the total amount of the monthly remuneration will be paid as lump sum in Bittium Corporation's shares acquired at a price formed in public trading, and the shares will be acquired according to a share purchase program prepared by the company.
  • Ernst & Young Oy, authorized public accountants, was re-elected auditor of the Company for a term of office ending at the end of the next Annual General Meeting. Ernst & Young Oy has notified that Mr. Juhani Rönkkö, authorized public accountant, will act as responsible auditor. It was decided that the remuneration to the auditor shall be paid against the auditor's reasonable invoice.
  • The General Meeting authorized the Board of Directors to decide on the repurchase of the Company's own shares.
  • The General meeting authorized the Board of Directors to decide on the issuance of shares and other special rights entitling to shares.

Read more: The decisions of the Annual General Meeting 2016 (stock exchange release, April 19, 2016)

Annual General Meeting invitation and materials

Annual General Meeting 2016, CEO's Review (in Finnish, typing error corrected April 19, 2016) (pdf, 3.07 mb) »
Annual General Meeting, meeting minutes 2016 (pdf, 104 kb) »
Bittium Annual Report 2015 (pdf, 2.13 mb) »
Bittium Report by the BoD and Financial Statements 2015 (pdf, 373 kb) »
Agenda, Bittium Annual General Meeting April 19, 2016 (pdf, 69.9 kb) »
Proposals to the General Meeting 2016 (pdf, 110 kb) »
Proposed composition of the Board of Directors (pdf, 334 kb) »

Annual General Meeting stock releases

Decisions of the Annual General Meeting of Bittium Corporation (pdf, 114 kb) »
Notice to the General Meeting of Bittium Corporation 2016 (pdf, 120 kb) »
Financial Statement 2015 - Stock exchange release (pdf, 441 kb) »

Open/close section Extraordinary General Meeting 3/2015

On August 24, 2015 the Board of Directors of Bittium Corporation has given a notice to the shareholders of Bittium Corporation to an Extraordinary General Meeting to be held on Monday, September 14, 2015 at 1 pm. at the University of Oulu, Saalastinsali, at the address Pentti Kaiteran katu 1, 90570 Oulu, Finland.

Decisions of the Extraordinary General Meeting:

  • The Extraordinary General Meeting decided in accordance with the proposal of the Board of Directors that the Company repurchases its own shares and stock options 2008C entitling to Shares by means of a voluntary public tender offer made to all shareholders and holders of Stock Options.
  • Kirsi Komi, Juha Putkiranta and Seppo Mäkinen were elected as new members of the Board of Directors for a term commencing on November 5, 2015 and continuing until the close of the next Annual General Meeting.

Read more: The decisions of the Extraordinary General Meeting 2015 (stock exchange release, September 14, 2015)

Extraordinary General Meeting invitation and materials

Proposed composition of the Board of Directors (pdf, 331 kb) »

Proposals by the Board of Directors to the Extraordinary General Meeting 24.8.2015 (pdf,285 kb) >>

Extraordinary General Meeting, meeting minutes September 14, 2015 (pdf, 125 kb) »

Extraordinary General Meeting stock releases

Decisions of the Extraordinary General Meeting (held on September 14, 2015) of Bittium Corporation (pdf, 88,2 kb) »

Notice to the Extraordinary General Meeting of Bittium Corporation September 14, 2015 (pdf, 97.9 kb) »

Open/close section Extraordinary General Meeting 2/2015

On May 20, 2015 the Board of Directors of Elektrobit Corporation has given a notice to the shareholders of Elektrobit Corporation to an Extraordinary General Meeting to be held on Thursday, 11 June 2015 at 1 pm. at the University of Oulu, Saalastinsali, at the address Pentti Kaiteran katu 1, 90570 Oulu, Finland.

Decisions of the Extraordinary General Meeting:

  • The Extraordinary General Meeting of Elektrobit Corporation approved the sale of the Automotive Business to Continental AG.
  • The Extraordinary General Meeting also resolved to change section 1 of EB's Articles of Association and the name of the company. Implementation of the resolution is subject to the completion of the Transaction approved above in paragraph 6 §.

Read more: The decisions of the Extraordinary General Meeting 2015 (stock exchange release, June 11, 2015)

Extraordinary General Meeting invitation and materials

Extraordinary General Meeting, meeting minutes June 11, 2015 (pdf, 77.6 kb) »
Presentation for the Extraordinary General Meeting (in Finnish) (pdf, 318 kb) »
Proposals by the Board of Directors to the Extraordinary General Meeting 20.5.2015 (pdf, 53.9 kb) »

Extraordinary General Meeting stock releases

Elektrobit Corporation (EB) sells its Automotive business to Continental AG (pdf, 96.2 kb) »
Notice to the Extraordinary General Meeting 20.5.2015 (pdf, 258 kb) »

Open/close section Extraordinary General Meeting 1/2015

The Board of Directors of Elektrobit Corporation has on February 18, 2015 approved a plan for partial demerger of the company. Based on the demerger plan, the assets and liabilities related to EB's Wireless Business Segment will be transferred to Bittium Corporation ("Bittium") an entity to be newly established in the partial demerger that will be listed on the Nasdaq Helsinki. EB's Automotive Business Segment remains in Elektrobit Corporation, which will continue to be listed on the Nasdaq Helsinki.

On April 29, 2015 the Board of Directors of Elektrobit Corporation has given a notice to the shareholders of Elektrobit Corporation to an Extraordinary General Meeting to be held on Thursday, 11 June 2015 at 1 pm. at the University of Oulu, Saalastinsali, at the address Pentti Kaiteran katu 1, 90570 Oulu, Finland.

The proposals by the Board of Directors to the Extraordinary Shareholders Meeting (sections 6, 12 and 13)

The other proposals concerning will be announced at a later date (sections 7, 8, 9, 10, 11 and 14).

The proposals of the Board of Directors regarding the remuneration to members of Bittium Corporation's Board of Directors, the number of members and election of members, the election of auditor as well as the number of Elektrobit Corporation's Board members and on changes to the composition of the Board will be published later, on May 21, 2015 at the latest.

Extraordinary General Meeting invitation and materials

Notice to the Extraordinary General Meeting

Proposals by the Board of Directors to the Extraordinary General Meeting 29.4.2015 (sections 6, 12 and 13)

Statement of the Board of Directors on the events having essential effect 29.4.2015

Annual General Meeting minutes held on April 15, 2015

Demerger plan incl. appendices

Demerger plan presentation

Extraordinary General Meeting stock releases

Notice to the Extraordinary General Meeting 29.4.2015

Board of Directors of Elektrobit Corporation (EB) has approved a plan for partial demerger

Open/close section General Meeting 2015

The Annual General Meeting of Elektrobit Corporation (EB) was held on April 15, 2015 at 1.00p.m. at the address the University of Oulu, Saalastinsali, Pentti Kaiteran katu 1, 90570 Oulu, Finland.

Decisions of the Annual General Meeting:

  • The Annual General Meeting approved the annual accounts for the financial year 2014 and discharged the Company's management from liability.
  • The Annual General Meeting decided in accordance with the proposal of the Board of Directors to pay EUR 0.04 per share as dividend based on the balance sheet adopted for the financial period January 1, 2014 - December 31, 2014. The dividend will be paid to the shareholders who are registered in the shareholders' register maintained by Euroclear Finland Ltd on the dividend record date Friday, April 17, 2015. The dividend will be paid on Friday, April 24, 2015.
  • The Annual General Meeting decided that the Board of Directors shall comprise five (5) members. 
    Jorma Halonen, Juha Hulkko, Seppo Laine, Staffan Simberg and Erkki Veikkolainen were elected members of the Board of Directors for a term of office expiring at the end of the next Annual General Meeting.
  • At its assembly meeting held on April 15, 2015, the Board of Directors has elected Mr. Seppo Laine Chairman of the Board. 
  • Further, the Board has resolved to keep the Audit and Financial Committee with Mr. Staffan Simberg (Chairman of the committee), Mr. Seppo Laine and Mr. Erkki Veikkolainen as committee members.
    The following monthly remuneration shall be paid to the members of the Board of Directors: to the chairman of the Board of Directors EUR 3,500 and to the other members of the Board of Directors EUR 2,000 each. In addition, the members of the Board of Directors are entitled to compensation for attending Board Committee meetings as follows: the chairman of the Committee EUR 600 for each meeting and other Committee members EUR 400 for each meeting. The members of the Board of Directors, who also act as Board members of other companies belonging to the Elektrobit Group, are also entitled to compensation for attending Board meetings of such other group companies as follows: EUR 1,200 for each meeting. Travel expenses of the members of the Board of Directors shall be reimbursed in accordance with the Company's travel policy.
  • Ernst & Young Ltd, authorized public accountants, was re-elected auditor of the Company for a term of office ending at the end of the next Annual General Meeting. Ernst & Young Ltd has notified that Mr. Juhani Rönkkö, authorized public accountant, will act as responsible auditor. It was decided that the remuneration to the auditor shall be paid against the auditor's reasonable invoice.
  • The General Meeting authorized the Board of Directors to decide on the repurchase of the Company's own shares.
  • The General meeting authorized the Board of Directors to decide on the issuance of shares and other special rights entitling to shares.

Read more: The decisions of the Annual General Meeting 2015 (stock exchange release, April 15, 2015)

Annual General Meeting invitation and materials

Agenda, Elektrobit Annual General Meeting April 15, 2015 (pdf, 59.8 kb) »
Annual General Meeting, meeting minutes 2015 (pdf, 97.5 kb) »
Annual Report 2014 (pdf, 2.99 mb) »
Financial Statement 2014, published February 19, 2015 (pdf, 303 kb) »
Proposals to the General Meeting (pdf, 74.8 kb) »
Proposed Composition of the Board of Directors (pdf, 1.15 mb) »
Report by the Board of Directors and Financial Statements 2014 (pdf, 559 kb) »
Annual General Meeting, CEO's Review (in Finnish) (pdf, 2.99 mb) »

Annual General Meeting stock releases

Decisions of the Annual General Meeting of Elektrobit Corporation.pdf (pdf, 247 kb) »
Financial Statement 2014 (pdf, 303 kb) »
Notice to the General Meeting of Elektrobit Corporation 2015 (pdf, 59.8 kb) »

Open/close section General Meeting 2014

The Annual General Meeting of Elektrobit Corporation (EB) was held on April 10, 2014, at 1.00 p.m. at the address the University of Oulu, Saalastinsali, Pentti Kaiteran katu 1, 90570 Oulu, Finland.

Decisions of the Annual General meeting:

  • The Annual General Meeting approved the annual accounts for the financial year 2013 and discharged the Company's management from liability. 
  • The Annual General Meeting decided in accordance with the proposal of the Board of Directors to pay EUR 0.02 per share as dividend based on the balance sheet adopted for the financial period January 1, 2013 - December 31, 2013. The dividend will be paid to the shareholders who are registered in the shareholders' register maintained by Euroclear Finland Ltd on the dividend record date, Tuesday, April 15, 2014. The dividend will be paid on Thursday, April 24, 2014. 
  • The Annual General Meeting decided that the Board of Directors shall comprise five (5) members. 
  • Jorma Halonen, Juha Hulkko, Seppo Laine, Staffan Simberg and Erkki Veikkolainen were elected members of the Board of Directors for a term of office expiring at the end of the next Annual General Meeting. 
    At its assembly meeting held on April 10, 2014, the Board of Directors has elected Mr. Seppo Laine Chairman of the Board. 
  • Further, the Board has resolved to keep the Audit and Financial Committee with Mr. Staffan Simberg (Chairman of the committee), Mr. Seppo Laine and Mr. Erkki Veikkolainen as committee members. 
  • The following monthly remuneration shall be paid to the members of the Board of Directors: to the chairman of the Board of Directors EUR 3,500 and to the other members of the Board of Directors EUR 2,000 each. In addition, the members of the Board of Directors are entitled to compensation for attending Board Committee meetings as follows: the chairman of the Committee EUR 600 for each meeting and other Committee members EUR 400 for each meeting. The members of the Board of Directors, who also act as Board members of other companies belonging to the Elektrobit Group, are also entitled to compensation for attending Board meetings of such other group companies as follows: EUR 1,200 for each meeting. Travel expenses of the members of the Board of Directors shall be reimbursed in accordance with the Company's travel policy. 
  • Ernst & Young Ltd, authorized public accountants, was re-elected auditor of the Company for a term of office ending at the end of the next Annual General Meeting. Ernst & Young Ltd has notified that Mr. Juhani Rönkkö, authorized public accountant, will act as responsible auditor. It was decided that the remuneration to the auditor shall be paid against the auditor's reasonable invoice. 
  • The General Meeting authorized the Board of Directors to decide on the repurchase of the Company's own shares as follows. 
  • The General meeting authorized the Board of Directors to decide on the issuance of shares and other special rights entitling to shares.

Read more: The decisions of the Annual General Meeting 2014 (stock exchange release, April 10, 2014)

Annual General Meeting invitation and materials

Agenda, Elektrobit Annual General Meeting 10 April 2014.pdf (pdf, 39.8 kb) »
Annual General Meeting, CEO's Review (in Finnish).pdf (pdf, 861 kb) »
Annual General Meeting, meeting minutes 2014 (The file contains links to the publicly available appendices of the meeting minutes).pdf (pdf, 144 kb) »
Annual Report 2013.pdf (pdf, 2.22 mb) »
Financial Statements 2013, published February 20, 2014.pdf (pdf, 329 kb) »
Proposals to the General Meeting.pdf (pdf, 75.7 kb) »
Proposed Composition of the Board of Directors.pdf (pdf, 1.15 mb) »
Report by the Board of Directors and Financial Statements 2013.pdf (pdf, 378 kb) »

Annual General Meeting stock releases

Financial Statement 2013.pdf (pdf, 329 kb) »
Notice to the Annual General Meeting 2014.pdf (pdf, 61.8 kb) »

Open/close section Extraordinary General Meeting 2013

Elektrobit Corporation's Extraordinary General Meeting was held on Wednesday December 4, 2013 at 1.00 p.m. at the University of Oulu, Saalastinsali, at the address Pentti Kaiteran katu 1, 90570 Oulu, Finland. The reception of persons who have registered for the General Meeting and the distribution of voting tickets will commence at 12.30 p.m.

The Extraordinary General Meeting of Elektrobit Corporation (EB) was held on Wednesday December 4, 2013 at 1.00 p.m. at the University of Oulu, Saalastinsali, at the address Pentti Kaiteran katu 1, 90570 Oulu, Finland.

Extraordinary General Meeting Invitation and Materials

The Extraordinary General Meeting resolved in accordance with the proposal of the Board of Directors that on the basis of the financial statements adopted for the financial period ended on December 31, 2012, funds from the invested non-restricted equity fund be distributed to shareholders as a repayment of capital, with the capital repayment amounting to EUR 0.11 per share. The aggregate amount of the distribution based on the number of shares as of the date of the General Meeting would amount to EUR 14,311,096.25. The repayment of capital will be paid to shareholders recorded in the company's register of shareholders maintained by Euroclear Finland Ltd. on the record date of the capital repayment, December 10, 2013. The repayment of capital shall be paid on December 17, 2013.

As a result of the capital repayment the subscription prices of shares pursuant to the series 2008A-C stock options will be reduced with the amount of the capital repayment per share on the record date of the capital repayment in accordance with the terms of the stock options. Hence the share subscription price pursuant to stock options 2008A will reduce to EUR 0.07, pursuant to stock options 2008B to EUR 0.73 and pursuant to stock options 2008C to EUR 0.61.

Read more: Resolutions by the Extraordinary General Meeting and the minutes of the General meeting.

Important Dates

The record date for the General Meeting was Friday November 22, 2013.

Registration for the meeting had to be done no later than on Friday November 29, 2013 by 10.00 a.m. by giving a prior notice of participation.

Extraordinary General Meeting was held on Wednesday December 4, 2013 at 1.00 p.m. at the University of Oulu, Saalastinsali, at the address Pentti Kaiteran katu 1, 90570 Oulu, Finland.

The record date of the capital repayment is December 10, 2013.

The repayment of capital shall be paid on December 17, 2013.

Extraordinary General Meeting invitation and materials

Agenda.pdf (pdf, 64.4 kb) »
Decision on the distribution of assets, made after the end of the preceding financial period.pdf (pdf, 45.2 kb) »
Elektrobit EGM 2013, meeting minutes (The file contains links to the publicly available appendices of the meeting minutes).pdf (pdf, 21.9 kb) »
Interim Report, Jan. - Jun. - Stock Exchange Release.pdf (pdf, 254 kb) »
Interim Report, Jan. - Mar. - Stock Exchange Release.pdf (pdf, 261 kb) »
Interim Report, Jan. - Sep. - Stock Exchange Release.pdf (pdf, 284 kb) »
Report by the Board of Directors, Financial Statements 2012, and Auditor's report.pdf (pdf, 937 kb) »

Statement by the Board.pdf (pdf, 43.2 kb) »
The Proposal by the BoD for the distribution of funds.pdf (pdf, 57.8 kb) »

Extraordinary General Meeting stock releases

Notice to the Extraordinary General Meeting 2013.pdf (pdf, 51.6 kb) »

 

Open/close section General Meeting 2013

The Annual General Meeting of Elektrobit Corporation (EB) was held on April 11, 2013, at 1.00 p.m. at the address the University of Oulu, Saalastinsali, Pentti Kaiteran katu 1, 90570 Oulu, Finland.

Decisions of the Annual General meeting:

  • The Annual General Meeting approved the annual accounts for the financial year 2012 and discharged the Company's management from liability.
  • The Annual General Meeting decided in accordance with the proposal of the Board of Directors to pay EUR 0.01 per share as dividend based on the balance sheet adopted for the financial period January 1, 2012 – December 31, 2012. The dividend will be paid to the shareholders who are registered in the shareholders' register maintained by Euroclear Finland Ltd on the dividend record date April 16, 2013. The dividend will be paid on April 23, 2013. 
  • The Annual General Meeting decided that the Board of Directors shall comprise five (5) members.
  • Jorma Halonen, Juha Hulkko, Seppo Laine, Staffan Simberg and Erkki Veikkolainen were elected members of the Board of Directors for a term of office expiring at the end of the next Annual General Meeting. At its assembly meeting held on April 11, 2013, the Board of Directors has elected Mr. Seppo Laine Chairman of the Board.
    Further, the Board has resolved to keep the Audit and Financial Committee with Mr. Staffan Simberg (Chairman of the committee), Mr. Seppo Laine and Mr. Erkki Veikkolainen as committee members.
  • The following monthly remuneration shall be paid to the members of the Board of Directors: to the chairman of the Board of Directors EUR 3,500 and to the other members of the Board of Directors EUR 2,000 each. In addition, the members of the Board of Directors are entitled to compensation for attending Board Committee meetings as follows: the chairman of the Committee EUR 600 for each meeting and other Committee members EUR 400 for each meeting. The members of the Board of Directors, who also act as Board members of other companies belonging to the Elektrobit Group, are also entitled to compensation for attending Board meetings of such other group companies as follows: EUR 1,000 for each meeting. Travel expenses of the members of the Board of Directors shall be reimbursed in accordance with the Company's travel policy. 
  • Ernst & Young Ltd, authorized public accountants, was re-elected auditor of the Company for a term of office ending at the end of the next Annual General Meeting. Ernst & Young Ltd has notified that Mr. Jari Karppinen, authorized public accountant, will act as responsible auditor. It was decided that the remuneration to the auditor shall be paid against the auditor's reasonable invoice. 
  • The Annual General Meeting authorized the Board of Directors to decide on the repurchase of the Company's own shares. 
  • The Annual General Meeting authorized the Board of Directors to decide on the issuance of shares as well as the issuance of special rights entitling to shares.

Read more: The decisions of the Annual General Meeting 2013 (stock exchange release, April 11, 2013)

Annual General Meeting invitation and materials

Agenda, Elektrobit Annual General Meeting 11 April 2013.pdf (pdf, 34.9 kb) »
Annual General Meeting, CEO's Review (in Finnish).pdf (pdf, 742 kb) »
Annual General Meeting, meeting minutes 2013 (The file contains links to the publicly available appendices of the meeting minutes).pdf (pdf, 45.2 kb) »
Annual Report 2012.pdf (pdf, 2.24 mb) »
Financial Statements 2012, published on February 19, 2013.pdf (, Proposals by the Board of Directors.pdf (pdf, 75.1 kb) »
Proposed Composition of the Board of Directors, CV's.pdf (pdf, 1.16 mb) »
Report by the Board of Directors and Financial Statements 2012.pdf (pdf, 937 kb) »

Annual General Meeting stock releases

Financial Statements 2012.pdf (pdf, 260 kb) »
Notice to the Annual General Meeting 2013.pdf (pdf, 61.7 kb) »

Open/close section General Meeting 2012

Elektrobit Corporation's Annual General Meeting was held on Monday, March 26, 2012 in Oulu, Finland. 

Possible requests from shareholders to put matters, which fall within the domain of the General Meeting, on the agenda of Elektrobit Corporation's 2012 Annual General Meeting shall be sent to Elektrobit Corporation's Board of Directors no later than February 8, 2012. 

The written request, together with an explanation or a draft resolution, shall be sent to: 
Elektrobit Corporation / Legal Department, 
Tutkijantie 8, 
FI-90590 Oulu 

Registration to the General Meeting 2012

Each shareholder, who is registered on Wednesday 14 March 2012 in the shareholders' register of the company held by Euroclear Finland Ltd, has the right to participate in the General Meeting. A shareholder, whose shares are registered on his/her personal Finnish book-entry account, is registered in the shareholders' register of the company.

A shareholder, who is registered in the shareholders' register of the company and who wants to participate in the General Meeting, shall register for the meeting no later than on Wednesday 21 March 2012 by 10.00 a.m. by giving a prior notice of participation. The notice has to be received by the company before the end of the registration period. 

Registration via Euroclear Finland's registration services will start on February 17, 2012 at 10 a.m..

You can register to the Annual Genaral Meeting also by:

  • telephone 358 40 344 3322 or 358 40 344 5425 on weekdays between 9.00 a.m. and 4.00 p.m.;
  • telefax; 358 8 343 032; or
  • regular mail to the address Elektrobit Oyj, Yhtiökokous, Tutkijantie 8, 90590 Oulu, Finland.

A holder of nominee registered shares is advised to apply the instructions presented in the Notice to the General Meeting.

Shareholders, who have a Finnish book-entry account, may vote in advance on certain items on the agenda of the General Meeting through the above link between 10.00 a.m. on 17 February 2012 and 10.00 a.m. on 21 March 2012. The conditions and instructions relating to the electronic advance voting are available also available in the above link. The shareholder's book-entry account number is required for advance voting. A shareholder voting in advance will not be able to use his/her right according to the Companies Act to request information or a vote, and if matters on the agenda have changed after the beginning of the advance voting period his/her possibility to vote on such items may be restricted, unless he/she is present in the General Meeting in person or by way of proxy representation.  It is not possible to make a counterproposal when voting in advance. Changes to the votes cast in advance may be made through the above link until March 21, 2012 at 10.00 a.m. A shareholder may also make changes to his/her votes at the meeting venue by contacting the registration desk. Such changes are advised to be made before the beginning of the Meeting.

Description of the registration file

In the registration procedure to the General Meeting of Elektrobit Corporation, personal data of the shareholders is collected, such as the personal identity code and the number of the book-entry account. The information will not be used for any other purposes than for identifying the shareholder and for confirming the shareholding. The technical provider of the registration system is Euroclear Finland Oy. The full description of the registration file is available here.

Important dates

The record date for the General Meeting is Wednesday March 14, 2012.

Registration for the General Meeting shall be done no later than on Wednesday 21 March 2012 by 10.00 a.m.

The General Meeting of Elektrobit Corporation will be held on Monday 26 March 2012 at 1.00 p.m. at the University of Oulu, Saalastinsali, at the address Pentti Kaiteran katu 1, 90570 Oulu, Finland. The reception of persons who have registered for the General Meeting and the distribution of voting tickets will commence at 12.30 p.m. Coffee will be served after the meeting.

Stock Exchange Releases related to the General Meeting 2012

Notice to the General Meeting has been released on February 16, 2012. 

Resolutions by the General Meeting: Resolutions will be published after the closing of the General Meeting on March 26, 2012.

Assembly of the Board of Directors: The elections by the Board of Directors concerning the Chairman of the Board and the compositions of the Board committees, if any, will be published after the Board's assembly meeting.

Annual General Meeting invitation and materials

Agenda, Elektrobit Annual General Meeting 26 March 2012.pdf (pdf, 15.7 kb) »
Annual General Meeting, CEO's Review (in Finnish).pdf (pdf, 751 kb) »
Annual General Meeting, meeting minutes 2012 (The file contains links to the publicly available appendices of the meeting minutes).pdf (pdf, 358 kb) »
Annual Report 2011.pdf (pdf, 1.24 mb) »
Notice to the Annual General Meeting 2012 (in Finnish).pdf (pdf, 39.2 kb) »
Proposals by the Board of Directors.pdf (pdf, 44.5 kb) »
Proposed Composition of the Board of Directors, CVs.ENG.pdf (pdf, 144 kb) »

Annual General Meeting stock releases

Decisions of the Annual General Meeting of Elektrobit Corporation.pdf (pdf, 46.3 kb) »
Financial Statements 2011, published on February 16, 2012.pdf (pdf, 193 kb) »
Notice to the Annual General Meeting 2012.pdf (pdf, 62.2 kb) »

Open/close section General Meeting 2010

Instructions for holders of nominee registered shares

A holder of nominee registered shares, who wants to participate in the General Meeting, shall be temporarily entered into the shareholders' register of the company at the latest on 22 March 2010 by 10 a.m. Temporary registration into the shareholders' register is deemed as a simultaneous registration for the General Meeting.

Changes in shareholding that have occured after the record date of the General Meeting 15 March 2010 do not affect the right to participate in the General Meeting or the number of votes held by the shareholder.

A shareholder may participate in the General Meeting and exercise his/her rights at the General Meeting by way of proxy representation. A holder of nominee registered shares may issue a proxy document to his/her custodian in accordance with separate instructions given by the custodian. If a shareholder wants to authorize as representative some other party than his/her custodian, such representative shall present a dated proxy document or in another reliable manner demonstrate his/her right to represent the shareholder.

A holder of nominee registered shares is adviced to request without delay necessary instructions regarding the registration in the shareholders register of the company, the issuing of proxy documents and registration for the General Meeting from his/her custodian bank.

Annual General Meeting invitation and materials

Agenda, Elektrobit Annual General Meeting 25 March 2010.pdf (pdf, 15.7 kb) »
Annual General Meeting, CEO's Review (available in Finnish).pdf (pdf, 408 kb) »
Annual Report 2009.pdf (pdf, 1.41 mb) »
Notice to the General Meeting.pdf (pdf, 70.6 kb) »
Proposals by the Board of Directors.pdf (pdf, 64.5 kb) »
Proposed Composition of the Board of Directors, CVs.pdf (pdf, 142 kb) »