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Kone reports on 2019 AGM resolutions.

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NORDIC BUSINESS REPORT-February 27, 2019-Kone reports on 2019 AGM resolutions

(C)2019 M2 COMMUNICATIONS http://www.m2.com

Kone Oyj (HEL:KNEBV), a elevator and escalator company, announced on Tuesday that at its Annual General Meeting, held on 26 February 2019, the meeting approved the financial statements and discharged the responsible parties from liability for the financial period 1 January 2018 to 31 December 2018.

Also, the AGM approved dividends in line with the board of director's proposal of EUR1.6475 for each of the 76,208,712 class A shares and EUR 1.65 for each of the outstanding 440,070,040 class B shares. The date of record for dividend distribution is 28 February 2019 and dividends will be payable on 7 March 2019.

In addition, the AGM confirmed the number of members of the board of directors as eight. Matti Alahuhta, Anne Brunila, Antti Herlin, Iiris Herlin, Jussi Herlin, Ravi Kant, Juhani Kaskeala and Sirpa Pietikainen were re-elected as board members.

Regarding the annual compensation, the AGM confirmed that EUR55,000 is payable to the chairman of the board, EUR45,000 is payable to the vice chairman and EUR40,000 is payable to board members. A compensation of EUR500 was approved for attendance at board and committee meetings. For committee members residing outside of Finland, a compensation of EUR2,000 for attendance at committee meetings was approved. Reportedly, out of the annual remuneration, 40% will be paid in class B shares of Kone and the rest in cash.

Further, the AGM nominated authorised public accountants PricewaterhouseCoopers Oy and Jouko Malinen as auditors.

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