Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

 Information  X 
Enter a valid email address
  Print      Mail a friend       More announcements

Tuesday 27 March, 2012

Vacon Oyj

Decisions taken by Vacon Plc's Annual General M...

Decisions taken by Vacon Plc's Annual General Meeting and the Board of Directors

Vacon Plc, Stock Exchange Release, 27 March 2012 at 8.20 pm (EET)

Vacon Plc's Annual General Meeting (AGM) was held in Vaasa today, 27 March 2012. The AGM adopted the proposal by the Board of Directors to pay a dividend of EUR 0.90 per share i.e. appr. MEUR 13.7 in total. The record day for the dividend payment is 30 March 2012. The dividend will be paid on 11 April 2012.

The financial statement of Vacon Plc for the fiscal year 2011 was approved and the members of the Board of Directors as well as the CEO were discharged from liability for said fiscal year 2011.

The number of members of the Board of Directors was confirmed to be seven. Pekka Ahlqvist, Jari Eklund, Jan Inborr, Juha Kytölä, Panu Routila, Mika Vehviläinen and Riitta Viitala were re-elected as members of the Board of Directors.

The AGM resolved to pay the members of the Board of Directors a basic fee of EUR 1,250 a month and an additional fee of maximum EUR 2,500 a month. The additional fee is determined based on the development of the company's turnover and operating profit for the fiscal year 2012. It was resolved that the Chairman of the Board of Directors shall be paid twice the basic fee and twice the additional fee paid to the members of the Board of Directors. In addition, the compensation for attendance at the meetings of the Board of Directors' permanent committees was result to be EUR 500 per meeting. The travel expenses of the members of the Board of Directors are compensated in accordance with the company's Travel Policy.

The number of auditors was confirmed to be one. PricewaterhouseCoopers Oy was elected as the company's auditor with Markku Katajisto as the principal auditor.

The AGM adopted the proposals of the Board of Directors to authorize the Board of Directors to resolve to repurchase shares in the company and to decide on share issuance. The proposals of the Board of Directors regarding said authorizations were reported in the stock exchange release of 17 February 2012.

All decisions adopted at the AGM were made unanimously unless otherwise stated in the minutes of the meeting.

After the AGM, the Board of Directors at its organization meeting elected Jan Inborr as Chairman and Mika Vehviläinen as Vice Chairman of the Board. Jan Inborr, Mika Vehviläinen and Riitta Viitala were elected as members of the Board's Remuneration and Nomination Committee. Jan Inborr was appointed as Chairman of said committee. At the same meeting, the Board of Directors decided to establish an Audit Committee. The members of the Audit Committee are Panu Routila (Chairman), Jari Eklund and Juha Kytölä.


Board of Directors

Further information:

  • President and CEO, Vesa Laisi, Phone +358 (0)40 837 1510
  • Chairman of the Board, Jan Inborr, Phone +358 (0)400 203 612

Press contact:

  • Director, Corporate Communications, Sebastian Linko, Phone +358 40 837 1634

Vacon in brief:

Vacon is driven by a passion to develop, manufacture and sell the best AC drives and inverters in the world - and to provide customers with efficient product life-cycle services. Our AC drives offer optimum process control and energy efficiency for electric motors. Vacon inverters play a key role when energy is produced from renewable sources. Vacon has production and R&D facilities in Europe, Asia and North America, and sales and service operations in nearly 90 countries. In 2011, Vacon's revenues amounted to EUR 380.9 million, and the company employed globally approximately 1,500 people. The shares of Vacon Plc (VAC1V) are quoted on the main list of the Helsinki stock exchange (NASDAQ OMX Helsinki).

Driven by Drives,


Financial Supervisory Authority
Main media

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Vacon Oyj via Thomson Reuters ONE


a d v e r t i s e m e n t