Orion Corporation

Decisions by the AGM on 26 March 2019

 Orion Corporation                                                       Stock Exchange Release 26 March at 4.45 p.m. EET

Orion Corporation: Decisions by the AGM on 26 March 2019

At the Annual General Meeting of Orion Corporation held today, the following decisions were made:

• A dividend of EUR 1.50 per share was confirmed to be paid. The record date for the dividend payment is 28 March 2019 and the payment date is 4 April 2019.
• The proposals concerning the election and remuneration of the Board of Directors and the auditor and the number of the members of the Board of Directors were approved.
• Ari Lehtoranta, Timo Maasilta, Hilpi Rautelin, Eija Ronkainen, Mikael Silvennoinen and Heikki Westerlund were re-elected to the Board of Directors. Pia Kalsta was elected as a new member. Heikki Westerlund was re-elected as Chairman.
• The Board of Directors was authorised to decide on acquisition of the Company's own shares and on a share issue.
  

The Annual General Meeting of Orion Corporation was held today in Helsinki. The following matters were handled at the meeting:
 
Adoption of the Financial Statements for 1 January - 31 December 2018
The AGM confirmed the Financial Statements of the parent company and the Group as per 31 December 2018. 

Dividend EUR 1.50 per share
The AGM resolved, in accordance with the proposal by the Board of Directors, that a dividend of EUR 1.50 per share will be paid on the basis of the Balance Sheet confirmed for the financial year that ended on 31 December 2018. The record date for the dividend payment is 28 March 2019 and the payment date is 4 April 2019. 

Discharge from liability

The members of the Board of Directors and the President and CEO were discharged from liability for the financial period of 1 January - 31 December 2018. 

Remunerations to be paid to the Board of Directors

The AGM decided that the following remunerations will be paid to the Board of Directors:
 
As an annual fee, the Chairman shall receive EUR 84,000, the Vice Chairman shall receive EUR 55,000 and the other members shall receive EUR 42,000 each. As a fee for each meeting attended, the Chairman shall receive EUR 1,200, the Vice Chairman shall receive EUR 900 and the other members shall receive EUR 600 each. The travel expenses of the Board members shall be paid in accordance with previously adopted practice. The aforementioned fees shall also be paid to the Chairmen and to the members of the committees established by the Board, for each committee meeting attended.