Decisions Taken at Glaston Corporation's Annual General Meeting
Glaston Corporation's Annual General Meeting was held today on March 11, 2008 in Helsinki. The Annual General Meeting approved the financial statements and consolidated financial statements for 2007 and released the Board of Directors and the President & CEO from liability for the accounting period January 1-December 31, 2007.
The Annual General Meeting approved a dividend of EUR 0.10 per share, that is, a total of EUR 7,8 million. The record date for dividend distribution is March 14, 2008. The dividend payment date is March 25, 2008.
The AGM approved the reappointment of Mr Claus von Bonsdorff, Mr Klaus Cawén, Mr Carl-Johan Rosenbröjer, Mr Christer Sumelius and Mr Andreas Tallberg as members of the Board of Directors for a further term of office lasting one year. Moreover, Mr Jan Lång, President and CEO of Uponor Corporation, and Mr Mikael Mäkinen, President and CEO of Cargotec Corporation, were appointed as new members of the Board.
The Annual General Meeting approved that the yearly remuneration for the members of the Board of Directors shall remain at EUR 40.000 for the Chairman of the Board, EUR 30.000 for the Deputy Chairman of the Board and EUR 20.000 for other members of the Board.
Public accountants KPMG Oy Ab, with Mr Sixten Nyman Authorized Public Accountant as the principal auditor, were reappointed as the company's auditor.
For further information, please contact: Mika Seitovirta, President&CEO Phone: +358 10 500 500
Sender: Glaston Corporation Agneta Selroos Corporate Communications and IR Manager Phone: +358 10 500 6105
Glaston Corporation is a growing, financial sound and international glass technology company. Glaston is the global market leader in glass processing machines, and a comprehensive One-Stop-Partner supplier to its customers. Its product range and service network are the most extensive in the industry. Glaston's well-known brands are Bavelloni, in pre-processing machines and tools, Tamglass and Uniglass, in safety glass machines and Albat+Wirsam in software solutions..
Glaston's own glass processing unit, Tamglass Glass Processing, is a manufacturer of high quality safety glass products operating in Finland.
Glaston's share (GLA1V) is listed on the OMX Nordic Exchange Helsinki Mid Cap List.
Distribution: OMX, key media, www.glaston.net
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Glaston Oyj Abp
Stock Identifier: XHEL.GLA1V