SSAB has today announced Nomination Committee's...

Rautaruukki Corporation Stock exchange release 28 August 2014 at 2.15pm EEST

SSAB has today announced Nomination Committee's proposal to SSAB's Extraordinary General Meeting on 11 September 2014

The Nomination Committee consists of Anders Nyberg, Industrivärden (Chairman of the Nomination Committee); Åsa Nisell, Swedbank Robur Fonder; Lars-Eric Aaro, LKAB; Frank Larsson, Handelsbanken fonder, Kari A. J. Järvinen, Solidium Oy and Sverker Martin-Löf (Chairman of the Board of Directors).

The Nomination Committee's proposals in respect of items 1 and 6-8 on the agenda to the Extraordinary General Meeting:

1.         Attorney Sven Unger is appointed to chair the meeting.

6.         There shall be nine directors.

7.         Board fees on annual basis shall be paid in the amount of SEK 1,650,000 to the Chairman of the Board and SEK 550,000 to each director who is not employed in the Group, to apply for the last six months prior to the next annual general meeting. For the period up until then, Board fees shall be paid on annual basis according to the same levels as was resolved at the Annual General Meeting 2014, i.e. Board fees on annual basis shall be paid in the amount of SEK 1,425,000 to the Chairman of the Board and SEK 475,000 to each director who is not employed in the Group. Compensation to directors in respect of committee work shall be paid on annual basis according to the same levels as was resolved by the Annual General Meeting 2014, i.e. in the amount of SEK 100,000 each, with the exception of the position of Chairman of the Audit Committee, for which payment shall be made in the amount of SEK 125,000.

The proposal of the Nomination Committee represents an adjustment to the new conditions and implies an increase of the total Board fee on annual basis equal to approximately 15 percent compared with the total Board fee on annual basis resolved at the Annual General Meeting 2014. The proposal of the Nomination Committee implies that the total committee fee on annual basis is unchanged compared with the total committee fee on annual basis resolved at the Annual General Meeting 2014.

8.         New election of Petra Einarsson, Kim Gran and Matti Lievonen.

Anders G Carlberg, Matti Sundberg and Pär Östberg have announced that they are leaving the Board of Directors in connection with the Extraordinary General Meeting.

If the meeting resolves in accordance with the proposal, the Board of Directors will from the time when the resolution becomes effective and until the end of the next annual general meeting, consist of the following directors elected by the general meeting: Petra Einarsson, Kim Gran, Jan Johansson, Matti Lievonen, Martin Lindqvist, Annika Lundius, Sverker Martin-Löf, John Tulloch and Lars Westerberg.

For further information, please contact:
Taina Kyllönen, SVP, Marketing and Communications, tel. [phone]

Taina Kyllönen
SVP, Marketing and Communications

Rautaruukki is now part of SSAB (publ) ("SSAB"), a steel company with global reach which has its main production plants in Sweden, Finland and the United States. The company's steel business is structured around four divisions - SSAB Special Steels, SSAB Europe, SSAB Americas and the steel distribution partner Tibnor, and one division, Ruukki Construction, which focuses on the construction business. Rautaruukki's share is quoted on NASDAQ OMX Helsinki. SSAB's shares are quoted on NASDAQ OMX Nordic Stockholm and NASDAQ OMX Helsinki. www.ssab.com. www.ruukki.com

DISTRIBUTION:
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Main media
www.ruukki.com

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Source: Rautaruukki Oyj via Globenewswire

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