Annual general meeting

At the Annual General Meeting of VVO Group plc held on 17 March 2016, Riku Aalto, Matti Harjuniemi, Olli Luukkainen, Jorma Malinen, Reima Rytsölä, Jan-Erik Saarinen, Ann Selin and new member Mikko Mursula were elected as members of the Board of Directors for the term that ends with the Annual General Meeting of 2017. Riku Aalto was elected Chairman of the Board of Directors.

It was decided that the following annual fees will be paid to the members of the Board of Directors elected at the Annual General Meeting: EUR 20,000 for the Chairman of the Board of Directors, EUR 11,000 for the Deputy Chairman and EUR 8,000 for each of the members. In addition, it was decided that the attendance allowance for Board meetings will be EUR 600 per meeting.

KPMG Oy Ab, with Esa Kailiala, APA, as its chief auditor, was selected as the ac-countant for the company for the term lasting until the next Annual General Meeting.

At the Annual General Meeting it was decided, as proposed in the presentation of the Board of Directors, that for the financial year 2015, the company will pay a dividend of EUR 5.00 for every Series A share, a total of EUR 37,012,800.00, and EUR 151,710,864.19 will be retained in unrestricted shareholders’ equity.