Kesko Board's proposals to the Annual General Meeting
KESKO CORPORATION STOCK EXCHANGE RELEASE 04.02.2014 AT 9.10 1(2)
Kesko Board's proposals to the Annual General Meeting
Kesko Corporation's Board has decided to propose to the Annual General Meeting
to be convened for 7 April 2014 that the dividend payable for the year 2013 be
€1.40 per share. The Board's Audit Committee proposes that the firm of auditors
PricewaterhouseCoopers Oy, Authorised Public Accountants, be elected as the
auditor of the company.
Kesko Corporation's shareholders are invited to the Annual General Meeting to be
held in Messukeskus Helsinki, Conference Centre, Messuaukio 1, Helsinki, on
Monday, 7 April 2014, starting at 13.00. In addition to the business specified
for the Annual General Meeting in Article 10 of the Articles of Association, the
following proposals of the Board and its Audit Committee will be handled by the
Meeting:
Distributions of profits
The Board proposes that a dividend of €1.40 per share be paid for the year 2013
on the basis of the adopted balance sheet. The dividend would be paid to
shareholders registered in the company's register of shareholders kept by
Euroclear Finland Ltd on the record date for the payment of dividend, 10 April
2014. No dividend is paid on own shares held as treasury shares by the company
on the record date for the payment of dividend. The Board proposes that the
dividend pay date be 17 April 2014.
Auditor, auditor's fee and basis for reimbursement of expenses
The Board's Audit Committee proposes that the firm of auditors
PricewaterhouseCoopers Oy, Authorised Public Accountants be elected as the
company's auditor. If the said company is elected as auditor,
PricewaterhouseCoopers Oy has announced that APA Johan Kronberg shall be the
auditor with principal responsibility. The Board's Audit Committee proposes that
the auditor's fee and expenses be reimbursed according to invoice approved by
the company.
Donations for charitable purposes
The Board proposes that that it be authorised to decide on the donations in a
total maximum of €300,000 for charitable or corresponding purposes until the
Annual General Meeting to be held in 2015, and to decide on the donation
recipients, purposes of use and other terms of the donations.
Available documents
The proposals of the Board and its Audit Committee are available on the
company's website at www.kesko.fi/sijoittajat. Financial statements documents
will be made available for shareholders on the company's website on week 10.
Copies of the documents will be sent to shareholders on request. They will also
be available at the General Meeting.
Notice of General Meeting
The notice of the General Meeting will be published separately at a later date
on the company's website and as a stock exchange release.
Further information is available from Senior Vice President, Group General
Counsel Anne Leppälä-Nilsson, tel. +358 105 322 347.
Kesko Corporation
Merja Haverinen
Vice President, Group Communications
DISTRIBUTION
NASDAQ OMX Helsinki
Main news media
www.kesko.fi
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Source: Kesko Oyj via GlobeNewswire
[HUG#1758936]
