Application for a special audit on Alma Media overruled
2012-12-13 16:32:13 -
Alma Media Corporation Stock Exchange Release December 13, 2012 at 17:30
APPLICATION FOR A SPECIAL AUDIT ON ALMA MEDIA OVERRULED
The admistrative court has overruled the decision by the Regional State
Administrative agency for Southern Finland to approve a special audit on Alma
Media, thus dismissing the application placed by Oy Herttaässä Ab.
Oy Herttaässä Ab proposed to the Annual General Meeting (AGM) held on March
11, 2010 that a special audit should be conducted regarding the operations of
the Nomination and Compensation Committee of the Board of Directors of Alma
Media Corporation during the latest five years, among others.
To the extent that the application by Oy Herttaässä Ab concerned the actions of
the Nomination and Compensation Committee and its predecessor, the Election
Committee, and how the principle of equality has been taken into account in the
operations of the Committees, the Regional State Administrative Agency approved
the application. The administrative court has now overruled this decision.
Alma Media Corporation
For more information, please contact:
Mikko Korttila, General Counsel, tel. +358 10 665 2201
Alma Media in brief
Alma Media is a dynamic media company whose best-known products are Aamulehti,
Iltalehti, Kauppalehti and Etuovi.com. Alma Media employs approximately 3,000
professionals. The company's revenue in 2011 totalled MEUR 316.2 with an
operating margin of 13.3 per cent. Alma Media's share (ALN1V) is listed in the
NASDAQ OMX Helsinki Exchange. Read more at www.almamedia.com.
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Source: Alma Media Oyj via Thomson Reuters ONE