Stock exchange release
March 21, 2007
FISKARS ANNUAL GENERAL MEETING OF SHAREHOLDERS 2007
FISKARS ANNUAL GENERAL MEETING OF SHAREHOLDERS 2007 The Annual General Meeting of shareholders approved the financial statements for 2006 on March 21, 2007. It was decided to pay a dividend of 0.60 euro per share for A-shares and 0.58 euro per share for K-shares. The record date for the dividend is March 26, 2007. The dividend will be paid on April 2, 2007. The members of the Board and the President were discharged from liability for the financial year 2006. It was decided that the number of Board members be nine. Mr. Kaj-Gustaf Bergh, Mr. Alexander Ehrnrooth, Mr. Paul Ehrnrooth, Mr. Ralf Böer, Mr. David Drury, Ms. Ilona Ervasti-Vaintola, Mr. Gustaf Gripenberg, Mr. Karl Grotenfelt, and Mr. Clas Thelin were elected. The term of the Board members will expire at the end of the Annual General Meeting in 2008. The Meeting approved the following fees to the members of the Board of Directors: - To the ordinary members EUR 35,000 per annum - To the vice chairman EUR 50,000 per annum - To the chairman EUR 65,000 per annum - In addition, each member will be paid EUR 550 per meeting attended. KPMG Oy Ab was elected auditor and they nominated Mr. Sixten Nyman for responsible auditor. It was decided to pay the auditors' fees as invoiced. The Annual General Meeting decided to authorize the Board to acquire the company's own shares in another proportion than the shareholders' proportional shareholdings no more than 5,494,449 of series A and no more than 2,256,570 of series K shares. The share price will be no higher than the highest price paid for the shares of Fiskars Corporation in public trading at the time of purchase. This authorization shall remain in force until the end of the next Annual General Meeting. The Annual General Meeting decided to authorize the Board to decide to convey the company's own shares a maximum of 5,494,449 of series A shares and a maximum of 2,256,570 of series K shares. The Board may decide on the conveyance of the shares otherwise than in proportion to the shareholders' pre-emptive subscription rights. This authorization shall remain in force until the end of the next Annual General Meeting. Convening after the Annual General Meeting, the Board elected Kaj-Gustaf Bergh its chairman and Alexander Ehrnrooth and Paul Ehrnrooth vice chairmen. The Board decided to establish an Audit Committee, a Compensation Committee and a Nomination Committee. The Board appointed Gustaf Gripenberg chairman of the Audit Committee and David Drury, Ilona Ervasti-Vaintola, Alexander Ehrnrooth and Paul Ehrnrooth its other members. The Board appointed Kaj-Gustaf Bergh chairman of the Compensation Committee and Ralf Böer, Karl Grotenfelt and Clas Thelin its other members. The Board appointed Kaj-Gustaf Bergh chairman of the Nomination Committee and Alexander Ehrnrooth and Paul Ehrnrooth its other members. Heikki Allonen President and CEO