2013-02-05 08:27:24 -
KESKO CORPORATION STOCK EXCHANGE RELEASE 05.02.2013 AT 09.25 1(2)
Kesko Corporation's shareholders jointly representing over 10% of the votes
carried by the company shares have made a proposal to the Annual General Meeting
to be held on 8 April 2013 for the number of Board members, their remuneration
and the reimbursement of their expenses.
Proposal for the number of Board members
Kesko Corporation's shareholders jointly holding over 10% of the votes carried
by the company shares have proposed that the company's Annual General Meeting
resolve that the number of members of the Board be left unchanged at seven (7).
Proposal for the Board members' remuneration and the basis for reimbursement of
In addition, the shareholders in question propose that the Board members'
remuneration and the basis for reimbursement of their
expenses be left
unchanged. The fees and the basis for reimbursement of expenses are as follows:
- the Board Chair, an annual remuneration of €80,000,
- the Board Deputy Chair, an annual remuneration of €50,000,
- a Board member, an annual remuneration of €37,000,
a meeting fee of €500/meeting for a Board meeting and its Committee's meeting,
and a meeting fee of €1,000/meeting to a Committee Chair who is not the Chair or
the Deputy Chair of the Board,
- daily allowances are paid and travel expenses are reimbursed to Board members
in accordance with the general travel rules of Kesko.
The above proposals will be included in the notice of the General Meeting which
will be published separately.
The Annual General Meeting held on 16 April 2012 resolved the number of Board
members to be seven (7) and elected seven (7) Board members for terms of office
expiring at the close of the 2015 Annual General Meeting in accordance with the
Articles of Association. The Board members elected then were Mr Esa Kiiskinen,
Mr Ilpo Kokkila, Mr Tomi Korpisaari, Ms Maarit Näkyvä, Mr Seppo Paatelainen, Mr
Toni Pokela and Ms Virpi Tuunainen.
Further information is available from Vice President, General Counsel Anne
Leppälä-Nilsson, tel. +358 1053 22347.
Vice President, Corporate Communications
NASDAQ OMX Helsinki
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Source: Kesko Oyj via Thomson Reuters ONE