content-header-image
Stock exchange releases

Decisions of the Annual General Meeting 2014 of Tikkurila

Tikkurila Oyj
Stock Exchange Release
March 25, 2014 at 2:45 p.m. (CET+1)
25.03.2014
The Annual General Meeting of Tikkurila Oyj approved today the Financial
Statements for 2013 and decided to discharge the members of the Board of
Directors and the President and CEO from liability. The Annual General Meeting
approved a EUR 0.80 dividend per share for the financial year 2013. The rest
will be retained and carried further in the company's unrestricted equity. The
dividend will be paid to a shareholder who is registered in the company's
shareholder register maintained by Euroclear Finland Ltd on the dividend record
date, March 28, 2014. The dividend will be paid on April 9, 2014.

The Annual General Meeting decided that the Board of Directors consists of seven
members. Eeva Ahdekivi, Harri Kerminen, Riitta Mynttinen, Jari Paasikivi, Pia
Rudengren, Aleksey Vlasov, and Petteri Walldén were re-elected to the Board of
Directors until the end of the next Annual General Meeting.

The Annual General Meeting decided that the remuneration to the members of the
Board of Directors will stay at the previous level with the exception that the
annual remuneration payable to the Chairman of the Audit Committee will be the
same as payable to the Vice Chairman. The annual remuneration to the members of
the Board of Directors will be as follows: EUR 57,000 for the Chairman, EUR
37,000 for the Vice Chairman and the Chairman of the Audit Committee, and EUR
31,000 for other members of the Board of Directors. Approximately 40 percent of
the annual remuneration will be paid in Tikkurila Oyj's shares acquired from the
market and the rest in cash. The shares will be acquired directly on behalf of
the Board members within two weeks from the release of the interim report for
January 1-March 31, 2014. Furthermore, a meeting fee for each meeting of the
Board and its Committees (excluding decisions without a meeting) will be paid to
the members of the Board of Directors as follows: EUR 600 for meetings held in
the home state of a member and EUR 1,200 for meetings held outside the home
state of a member.  The remuneration paid for telephone or video meetings shall
be EUR 600. Travel expenses will be paid according to the travel policy of the
company.

The Annual General Meeting decided that the Auditor's fees will be paid against
an invoice approved by the company. KPMG Oy Ab was re-elected as the company's
auditor until the end of the next Annual General Meeting, with APA Toni Aaltonen
nominated by KPMG as the principal auditor.

The Annual General Meeting authorized the Board of Directors to decide upon the
repurchase of a maximum of 4,400,000 company's own shares. The shares may be
repurchased to be used for financing or implementing possible mergers and
acquisitions, developing the company's equity structure, improving the liquidity
of the company's shares or to be used for the payment of the annual fees payable
to the members of the Board of Directors or for implementing the share-based
incentive programs of the company. The repurchase authorization will be valid
until the end of the next Annual General Meeting, however, no longer than until
June 30, 2015.

The Annual General Meeting authorized the Board of Directors to decide to
transfer company's own shares held by the company or to issue new shares limited
to a maximum of 4,400,000 shares. The company's own shares held by the company
may be transferred and the new shares may be issued either against payment or
without payment The new shares may be issued and the company's own shares held
by the company may be transferred to the company's shareholders in proportion to
their current shareholdings in the company or deviating from the shareholders'
pre-emptive right through a directed share issue, if the company has a weighty
financial reason to do so, such as financing or implementing mergers and
acquisitions, developing the company's equity structure, improving the liquidity
of the company's shares or to be used for the payment of the annual fees payable
to the members of the Board of Directors. The authorization will be valid until
the end of the next Annual General Meeting, however, no longer than until June
30, 2015.

The minutes of the Annual General Meeting will be available on Tikkurila's
website as of April 8, 2014, at the latest.

Tikkurila Oyj
Antti Kiuru, Group Vice President, Legal


For further information, please contact:
Antti Kiuru, Group Vice President, Legal, tel. +358 400 686 488,
antti.kiuru@tikkurila.com


For 150 years already, Tikkurila has provided consumers and professionals with
user-friendly and sustainable solutions for surface protection and decoration.
Tikkurila wants to be the leading paint company in the Nordic area as well as in
Russia and other selected Eastern European countries. - Tikkurila inspires you
to color your life.

www.tikkurilagroup.com