Financial statements 2022
During the General Meeting, the accounts of the parent company and the Group were approved, and the members of the Board of Directors as well as the Chairman and Chief Executive Officer were discharged of their responsibility for the 2021 financial year.
Dividends
It was decided that
Remuneration report of the corporate bodies of the company
The General Meeting approved the 2021 remuneration report of the company’s corporate bodies.
Staff profit bonus
The general meeting has decided that a profit bonus of at most
Rremuneration report of the corporate bodies of the company
The General Meeting approved the 2021 compensation report for
board of directors
The General Meeting decided that the remuneration of the members of the Board of Directors would remain unchanged. The General Meeting decided that the annual compensation of the Chairman of the Board
It was decided that the board of directors is composed of eight (8) members. The AGM decided to re-elect Mammu Kaario, Matti Kylävainio,
At its organizational meeting held after the Annual General Meeting, the Board of Directors elected Jarmo Vidgrén as President and Mammu Kaario as Vice-President.
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Authorization of the Board of Directors to decide on the buyback of own shares
The General Meeting authorized the Board of Directors to decide on the buyback of own shares as follows:
A maximum of 250,000 shares may be redeemed in one or more tranches. The maximum amount corresponds to approximately 0.89% of the total shares and votes of the company.
The shares will be acquired on the stock exchange, for which reason the shares will be acquired other than in proportion to the shareholding of the shareholders, and the consideration to be paid for the shares will be the market price of the company’s share in the public negotiation at
The Board of Directors will decide on the terms of acquisition of the shares. The company’s own shares may be repurchased otherwise than pro rata to the shares held by the shareholders (directed repurchase), if there is a serious financial reason for the company to do so, as provided for in chapter 15, section 6 of the Finnish limited liability law. Companies Act. The company’s own shares may be acquired to develop the company’s capital structure, be used to finance or make possible acquisitions or investments supporting the company’s growth strategy or other arrangements related to the company’s activity. the company, be used in the company’s incentive programs or otherwise to be transferred, held or cancelled.
The decision to buy back or reimburse the company’s own shares cannot be taken in such a way that the shares of the company held by the company and its subsidiaries exceed 10% of all the shares.
The authorization is valid until the end of the next Ordinary General Meeting; however at the latest
Authorize the Board of Directors to decide on the capital increase, options and other specific rights giving right to shares
The annual general meeting authorized the board of directors to decide on the issue of shares as well as the issue of options and other special rights giving the right to shares in one or more tranches in accordance with chapter 10, section 1 of the law on limited liability companies. as following:
The number of shares to be issued on the basis of the authorization may total a maximum of 250,000 shares (including shares issued as options or special rights), corresponding to approximately 0.89 % of total company shares.
The Board of Directors will decide on the procedures for issuing shares, options and other specific rights giving right to shares. The authorization covers both the issue of new shares and the sale of own shares for consideration or free of charge. The issue and transfer of shares, options and other special rights giving right to shares may be carried out in derogation of the shareholders’ preferential subscription right (directed issue) for an important financial reason for the company, such as that the use of the shares to develop the capital structure of the company, to make possible acquisitions or investments supporting the growth strategy of the company or in other arrangements related to the activity of the company, or for use in company incentive programs. The board of directors can also decide to allocate free shares to the company itself.
The authorization is valid until the end of the next Ordinary General Meeting; however at the latest
Annual General Meeting Documents
The minutes of the meeting are available to shareholders at the company’s registered office at Ponssentie 22, Vieremä, as well as on the company’s website at https://www.ponsse.com/en/company/investors/annual-general-meeting#/ to
Vierema,
board of directors
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The company was established by forest machine entrepreneur Einari Vidgrén in 1970 and has been a leader in timber harvesting solutions based on the cut-to-length method ever since. Ponsse is headquartered in Vieremä, Finland. The company’s shares are listed on the Nasdaq Nordic List.
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