Elektrobit Group Oyj - JOT AUTOMATION GROUP PLC CORPORATION'S ANNUAL GENERAL MEETING
April 07, 1999
JOT AUTOMATION GROUP PLC CORPORATION'S ANNUAL GENERAL MEETING
The Annual General Meeting of JOT Automation Group Plc approved the consolidated and parent company financial statements for 1998 as presented by the Board of Directors at 25 February 1999 and voted to discharge the members of the Board of Directors and the President and CEO of JOT Automation Group Plc from liability for the 1998 financial period. In accordance with the proposal of the Board of Directors, the Annual General Meeting decided to distribute a dividend of FIM 2.00 per share. The dividend will be paid to all shareholders registered on April 12, 1999 on JOT Automation Group Plc's register of shareholders, which is held by the Finnish Central Securities Depositary Ltd. The dividend will be paid on April 19, 1999.
The Annual General Meeting also approved the Board of Directors' proposal to convert the company's share capital and the face value of the company's shares to euros and to lower the face value by splitting each share into two shares so that the number of shares shall increase from 8.530.860 to total 17.061.720. The Annual General Meeting decided that as Board had proposed the company's share capital shall be raised by means of a fund issue, which will raise the company's share capital from 2,869,575.31 euros to 3,412,344 euros. The increase in share capital will be implemented by raising the face value of the shares to the nearest one fifth of an euro (0.20 euros). The fund issue will be realized by transferring 542,768.69 euros from the share premium fund to the company's share capital. Due to the decisions approved above the Annual General Meeting decided to alter the articles 3 and 4 of the company's articles of association correspondingly.
The Annual General Meeting approved also the Board's proposal to alter the decision made by the extraordinary shareholders' meeting held Aug. 7, 1998 concerning the issue of option rights to key persons employed by the company and companies belonging to the group, so that the maximum number of persons with option rights be raised from forty to eighty without changing the number of option rights issued.
Veikko Lesonen, Jorma Terentjeff, Mika Kettula and Juha Sipilä, President of Fortel Invest Ltd were elected as Board members at the Annual General Meeting. The Board of Directors elected mr Veikko Lesonen as Chairman of the Board.
Tilintarkastajien Oy, Ernst & Young was re-elected as auditor and Mr. Rauno Sipilä, Authorized Public Accountant, as main responsible auditor.
Oulunsalo, April 07, 1999
