Published: 2017-03-13 07:08:18 CET
Tornator Oyj
Release

Tornator Oyj: AGM decisions and organisation of the new Board

Imatra, Finland, 2017-03-13 07:08 CET (GLOBE NEWSWIRE) --  

Tornator Oyj’s Annual General Meeting, held on 8 March 2017, discharged the members of the Board of Directors as well as the CEO from liability for the financial year 2016. Elected on the Board were Mikko Koivusalo, Mikko Mursula, Jari Puhakka, Erkko Ryynänen and Jari Suominen. Deloitte & Touche Oy will continue as authorised public accountants with Jukka Vattulainen as principal auditor.

The meeting decided to pay dividend for the year 2016 as proposed by the Board of Directors, €5.20 per share, totalling €26 million. Dividend will be paid to shareholders who are recorded in the company’s shareholder register on the dividend record date, 17 March 2017. Dividend will be paid on 23 March 2017.

In its organising meeting on 8 March 2017, the company’s Board of Directors elected Mikko Koivusalo as Chairman of the Board and Mikko Mursula as Vice Chairman. On the Oversight Committee, the Board elected Mikko Mursula as Chairman and Jari Puhakka and Erkko Ryynänen as members. Mikko Koivusalo and Mikko Mursula were elected as members of the Remuneration Committee.

 

For further information, please contact:

Sixten Sunabacka, Chief Executive Officer, tel. +358 400 366 148
Henrik Nieminen, Chief Financial Officer, tel. +358 40 869 7613

 

Tornator is a leading company specialised in sustainable forest management in Europe. It owns forests in Finland, Estonia and Romania. In 2016, the Group’s net sales were some €97 million and the balance sheet value was about €1.4 billion. The Group has about 200 employees. In total, its forests directly provide work for the company’s employees as well as contractors and their staff worth some 900 person-years. Tornator is among the 50 largest corporation tax payers in Finland. The company’s shareholders are Finnish investors, mostly institutions. Tornator’s mission is “generating sustainable well-being from the forest”.