The ultimate decision-making body in the Company is the General Meeting of Shareholders. It resolves issues as defined for the General Meeting in the Finnish Limited Liability Companies’ Act and the Company’s Articles of Association. These include approving the financial statements, deciding on the distribution of dividends, discharging the Company’s Board of Directors and CEO from the liability for the financial year, appointing the Company’s Board of Directors and auditors and deciding on their remuneration.
A General Meeting of Finnlines Plc is held at least once a year. The Annual General Meeting (AGM) must be held no later than the end of June. The notice to the Shareholders’ Meeting shall be given no earlier than three (3) months before the Shareholders’ Meeting and no later than one (1) week before the Shareholders’ Meeting.
Annual General Meeting 2016
The Annual General Meeting of Finnlines Plc approved the Financial Statements and discharged the members of the Board of Directors and the Company's President and CEO and the Company's officers from liability for the financial year 2015.
The Meeting approved the Board of Directors’ proposal not to pay any dividend.
AGM decided that the Board of Directors shall have seven members. The following were re-elected to the Board: Mr Christer Backman, Ms Tiina Bäckman, Mr Emanuele Grimaldi, Mr Gianluca Grimaldi, Mr Diego Pacella, Mr Olav K. Rakkenes and Mr Jon-Aksel Torgersen. The Board elected Mr Jon-Aksel Torgersen Chairman and Mr Diego Pacella Vice Chairman.
The firm of authorised public accountants KPMG Oy Ab was appointed as the Company’s auditors for 2016.
AGM decided to authorise the Board of Directors to resolve on the issuance of shares in one or several tranches. The Board of Directors may, on the basis of the authorisation, resolve on the issuance of shares in one or several tranches, so that the aggregate number of shares to be issued shall not exceed 10,000,000 shares. The Board of Directors decides on all the conditions of the issuance of shares. The issuance of shares may be carried out in deviation from the shareholders' pre-emptive rights (directed issue). The authorisation is valid until the next Annual General Meeting. The authorisation replaces the Annual General Meeting’s authorisation to decide on a share issue of 14 April 2015.
Decisions taken by the Extraordinary General Meeting
Finnlines Plc’s Extraordinary General Meeting was held on 20 December 2016. The Extraordinary General Meeting decided, in accordance with the proposal of the Board of Directors, to distribute a dividend of EUR 0.80 per share. The dividend was paid to shareholders on 30 December 2016.