SOTKAMO SILVER AB: DECISIONS OF GENERAL MEETING ON 15 MARCH 2018
Sotkamo Silver AB (publ) held its Annual General Meeting (AGM) on Thursday 15 March 2018 in Stockholm.
The following main decisions were made at the AGM:
The income statement and the balance sheet for both the parent company and the group regarding the financial year 2017 were adopted by the AGM. The AGM decided that no dividend would be paid out for the financial year 2017. The members of the Board and the CEO were granted discharge from liability for the financial year 2017.
The AGM decided that the Board would comprise of five ordinary members without deputy directors. Mauri Visuri, Jarmo Vesanto, Ilkka Tuokko and Matti Rusanen were re-elected as directors and Eeva-Liisa Virkkunen was elected as director. Mauri Visuri was re-elected chairman of the Board.
The AGM resolved to re-elect the auditing company PWC until the end of the AGM 2019, with Anna Rosendal as the head auditor for the time being.
The guidelines for remuneration for the management and the procedure for appointing the members of the nomination committee were approved in accordance with the proposals from the Board.
The AGM approved the nomination committee’s proposal for annual fees to the Board with a total of SEK 1,100,000.
The AGM resolved, for the period until the next AGM, to authorize the Board, at one or several occasions, to issue new shares or other financial instruments. The authorization is limited to a maximum dilution of ten (10) percent of the total number of shares outstanding at the time of the first Board resolution in accordance with the authorization.
Stockholm, 15 March 2018
Timo Lindborg, CEO
Timo Lindborg, CEO of Sotkamo Silver AB, tel. +358 40 508 3507
This information is information that Sotkamo Silver AB is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, on 15 March 2018, at 13.30 CET.
The official Stock Exchange Releases are given in Swedish and there may be differences in the translated versions.
About Sotkamo Silver AB
Sotkamo Silver AB´s business concept is to exploit mineral deposits in the Nordic countries with positive social and environmental benefits. Sotkamo Silver owns mineral deposits, which contain silver and gold in Finland as well as zinc and gold in Norway. The Company’s main development project is the Silver Mine project in the municipality of Sotkamo.
Sotkamo Silver applies SveMin’s & FinnMin’s respective rules of reporting for public mining & exploration companies. Sotkamo Silver has chosen to report mineral resources and ore reserves according to the internationally accepted JORC or NI 43-101 code. The company applies International Financial Reporting Standards (IFRS) as approved by the European Union.
Legal Entity Identifier (LEI): 213800R2TQW1OZGYDX93
The ticker symbol is SOSI in NGM Equity in Stockholm and SOSI1 in NASDAQ Helsinki.
ISIN-code for Sotkamo Silver shares is SE0001057910.
Read more about Sotkamo Silver on d or www.silver.fi
The Company's press releases and financial reports are distributed via Cision Sverige and are available on www.silver.fi