DECISIONS MADE AT THE ANNUAL GENERAL MEETING OF KESKO LTD
At the Annual General Meeting held on 14 April 1997 the financial
statements for 1996 were adopted and those accountable were
discharged from their responsibilities. A decision was made to pay a
dividend of FIM 2.00 per share. In addition, a decision was made, for
the first time, to amend § 1 and 14.1 of the Articles of
Association.
THE DECISIONS ARE AS SPECIFIED BELOW:
1. Adoption of financial statements
The parent company and consolidated financial statements for 1996 were adopted.
2. Payment of dividends
A decision was made to pay a dividend of FIM 2.00 for Kesko Ltd's
shares. 17 April 1997 is the record date and 22 April 1997 is the
date from which dividends are payable.
3. Discharge from responsibilities
Those accountable were discharged from their responsibilities for the
financial period of 1996.
4. Members and deputy members of the Supervisory Board
According to the decision made, the Supervisory Board consists of 21
members, and the number of deputy members is 15.
The following persons were elected to replace the members and deputy
members of the Supervisory Board whose terms are due to expire, or
who have resigned from the Supervisory Board during their terms:
5. Auditors
The auditors elected are:
SVH Coopers & Lybrand Oy, Certified Public Accountants; Auditor with
principal responsibility, Antti Helenius, M.Sc.(Econ.), CPA, and
Mauno Tervo, CPA.
6. Amendments to the Articles of Association
At the Annual General Meeting, a decision was made to amend § 1 and
14.1 of the Articles of Association. The amendments will become
effective after they have also been approved at the following Annual
General Meeting, in accordance with § 17 of the Articles of
Association. The sections will read in the amended form as follows:
§ 1
The company's name is Kesko Oyj, which is
- Kesko Abp in Swedish
- Kesko Corporation in English
- Kesko Ag ln German.
The company's domicile is Helsinki.
§ 14
Invitation to a General Meeting is given to shareholders by means of
an announcement, which shall be published in at least two newspapers
determined by the Supervisory Board. The announcement shall be
published at the earliest two months and at the latest one week prior
to the date specified under subsection 1 of § 3a.11 of the Companies
Act.
For further information, please contact Director Erkki Heikkinen
(telephone +358 1053 22721).
KESKO LTD
Corporate Communications
Erkki Heikkinen
Director
statements for 1996 were adopted and those accountable were
discharged from their responsibilities. A decision was made to pay a
dividend of FIM 2.00 per share. In addition, a decision was made, for
the first time, to amend § 1 and 14.1 of the Articles of
Association.
THE DECISIONS ARE AS SPECIFIED BELOW:
1. Adoption of financial statements
The parent company and consolidated financial statements for 1996 were adopted.
2. Payment of dividends
A decision was made to pay a dividend of FIM 2.00 for Kesko Ltd's
shares. 17 April 1997 is the record date and 22 April 1997 is the
date from which dividends are payable.
3. Discharge from responsibilities
Those accountable were discharged from their responsibilities for the
financial period of 1996.
4. Members and deputy members of the Supervisory Board
According to the decision made, the Supervisory Board consists of 21
members, and the number of deputy members is 15.
The following persons were elected to replace the members and deputy
members of the Supervisory Board whose terms are due to expire, or
who have resigned from the Supervisory Board during their terms:
MEMBERS TERM
Kallio, Matti, Helsinki 1998-2000
Karppinen, Eija, Kittilä 1997-1999
Karvinen, Matti, Vantaa 1997-1999
Peltokangas, Risto, Seinäjoki 1998-2000
Takamäki, Heikki, Pirkkala 1998-2000
DEPUTY MEMBERS
Aaltonen, Hannu, Lahti 1997-1999
Hakala Jari, Orivesi 1997-1999
Heinola, Pekka, Nakkila 1997-1999
Kannos, Ari, Anjalankoski 1998-2000
Nyppeli, Veijo, Tampere 1998-2000
5. Auditors
The auditors elected are:
SVH Coopers & Lybrand Oy, Certified Public Accountants; Auditor with
principal responsibility, Antti Helenius, M.Sc.(Econ.), CPA, and
Mauno Tervo, CPA.
6. Amendments to the Articles of Association
At the Annual General Meeting, a decision was made to amend § 1 and
14.1 of the Articles of Association. The amendments will become
effective after they have also been approved at the following Annual
General Meeting, in accordance with § 17 of the Articles of
Association. The sections will read in the amended form as follows:
§ 1
The company's name is Kesko Oyj, which is
- Kesko Abp in Swedish
- Kesko Corporation in English
- Kesko Ag ln German.
The company's domicile is Helsinki.
§ 14
Invitation to a General Meeting is given to shareholders by means of
an announcement, which shall be published in at least two newspapers
determined by the Supervisory Board. The announcement shall be
published at the earliest two months and at the latest one week prior
to the date specified under subsection 1 of § 3a.11 of the Companies
Act.
For further information, please contact Director Erkki Heikkinen
(telephone +358 1053 22721).
KESKO LTD
Corporate Communications
Erkki Heikkinen
Director
