Annual General Meeting 2007

Decisions of Cramo’s Annual General Meeting 18 April 2007 Cramo Plc stock exchange release 18.4.2007 at 13.00 pm local time

Cramo Plc’s annual general meeting of shareholders held on 18 April 2007 handled the matters assigned to the annual general meeting in the articles of association and approved the financial statements of the company and the Group for the year 2006.


Based on the proposal of the Board of Directors, the annual general meeting of shareholders decided that a dividend of 0.50 EUR per share be distributed. The
matching day for the payment of dividends is 23 April 2007 and the dividends will be paid on 30 April 2007.


The annual general meeting of shareholders discharged the members of the Board of Directors and the Managing Director from liability for the financial year 2006.

The annual general meeting re-elected Mr. Gunnar Glifberg, Mr. Stig Gustavson, Mr. Eino Halonen, Mr. Hannu Krogerus and Mr. Juhani Nurminen to the Board. Mr. Esko Mäkelä was elected as a new member to the Board.

The annual general meeting of shareholders elected following auditors: APA Tomi Englund and auditing firm Ernst & Young Oy.

The minutes of the annual general meeting will be available to the company’s shareholders at the company’s head office as of 2 May 2007.

Corporate governance statements

Corporate governance

The corporate governance at Cramo is based on Finnish law and the Company’s Articles of Association. The Group complies with the rules of Nasdaq Helsinki Ltd and from 1 January 2020 onwards the Finnish Corporate Governance Code 2020 published by the Securities Market Association. The Corporate Governance Code is available on the Securities Market Association’s website: Cramo does not deviate from the Finnish Corporate Governance Code Recommendations.

The Group’s headquarters are in Vantaa, Finland and the Company is listed on the Nasdaq Helsinki Ltd.

Cramo prepares annual financial statements and interim reports conforming to Finnish law and International Financial Reporting Standards (IFRS). Statements and reports are published in Finnish and English.

Overview of Corporate Governance Components at Cramo Group

The Group’s control and management responsibilities are divided among the General Meeting of Shareholders, the Board of Directors with its three committees, Shareholders’ Nomination Committee, the President and CEO, the Group Management team and Managing Directors of subsidiaries. The Board of Directors supervises the performance of the Company, its management and organisation on behalf of shareholders. The Board of Directors and the Group management team are separate bodies, and no one serves as a member of both.