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Proposal of the Board of Directors of Atria Plc concerning the amendment of the Articles of Association and proposals of the Nomination Board for the Annual General Meeting(OMX Via Acquire Media NewsEdge) Seinäjoki, Finland, 2014-01-13 07:30 CET (GLOBE NEWSWIRE) -- Atria Plc Company Announcement, 13 January 2014 at 8.30 am Proposal of the Board of Directors and of the Nomination Committee concerning the number of members of the Board of Directors Atria Plc's Board of Directors has announced its intention to propose to the Annual General Meeting that the company's Articles of Association be amended so that the maximum number of members of the Board of Directors shall be increased by two. In the future, the Board of Directors will therefore consist of no fewer than five and no more than nine members (the current maximum number of members is seven). Provided that the General Meeting approves the Board of Directors' proposal for amendment, the Nomination Committee has decided to propose to the General Meeting that a total of eight members be elected to the Board of Directors instead of the current seven. Proposal of the Nomination Committee concerning the members of the Board of Directors The Nomination Committee has decided to propose to the General Meeting that a member be elected to replace Seppo Paavola, who is due to resign, and that a new member be elected to the Board of Directors. The Nomination Committee has decided to propose to the General Meeting that Seppo Paavola, who is due to resign, be re-elected as a member of the Board of Directors and that Jukka Moisio be elected as a new member. Proposal of the Nomination Committee concerning remuneration of the members of the Board of Directors The Nomination Committee has decided to propose to the General Meeting that the fees of the members of the Board of Directors remain the same as in 2013. The fees and compensation for meeting expenses are as follows: - Meeting compensation EUR 300/meeting - Compensation for loss of working time EUR 300 for meeting and proceeding dates - Fee of the chairman of the Board of Directors EUR 4,400/month - Fee of the deputy chairman EUR 2,200/month - Fee of a member of the Board of Directors EUR 1,700/month - Travel allowance according to the State’s Travelling Regulations (train travel in VR Extra Class) Shareholders' Nomination Committee of Atria Plc DISTRIBUTION www.atriagroup.com Principal media Nasdaq OMX Helsinki Ltd Copyright © 2014 OMX AB (publ). Copyright © 2014 OMX AB (publ) |