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Decisions of Rapala VMC Corporation’s Annual General Meeting and Organising Meeting of the Board of Directors
Globenewswire·2025-05-08 13:00

Core Points - The Annual General Meeting (AGM) of Rapala VMC Corporation adopted the financial statement for the financial year 2024 and discharged the Board of Directors, CEO, and deputy CEO from liability [1] - The AGM approved the Board's proposal to not pay any dividend for the financial year 2024 [2] - The Board of Directors consists of six members, with annual fees set at EUR 25,000 for each member and EUR 70,000 for the Chairman [3] Board and Auditor Decisions - Alexander Rosenlew was elected as Chairman of the Board, and Deloitte Ltd was appointed as the company's auditor, with Jenny Lindvall as the principal auditor [4] - Deloitte Ltd was also elected as the sustainability reporting assurer, with Jenny Lindvall serving as the principal sustainability reporting assurer [5] Share Issuance and Repurchase Authorizations - The AGM authorized the Board to issue a maximum of 3,900,000 shares, representing 10% of total shares, with specific provisions for management incentives [6] - The Board was also authorized to repurchase up to 2,000,000 shares, approximately 5.13% of total shares, for various strategic purposes [7] Company Overview - Rapala VMC Group is a leading fishing tackle company with net sales of EUR 221 million in 2024 and employs around 1,400 people across approximately 40 countries [9]