HELSINKI, March 26, 2020 /PRNewswire/ -- Kamux
Corporation Stock Exchange Release 26 March
2020 at 18.00
The coronavirus pandemic has caused an exceptional situation for
arranging the Annual General Meeting. According to the Finnish
government policy and the orders of the Regional State
Administrative Agencies, all public meetings and gatherings of
more than a ten people are banned in order to fight the
coronavirus. This also applies to Annual General Meetings.
Kamux takes the coronavirus situation extremely seriously. The
Board of Directors of the company is well aware of the
unexceptional circumstances. At the same time, it strives to comply
good governance and to take into account the interests of the
company and its shareholders by organizing the AGM as planned on
21 April 2020. Exceptional measures
are implemented to enable the AGM and ensure payment of dividend to
shareholders on original schedule.
The Board of Directors of Kamux has decided that the AGM on
21 April 2020 is held in a way that
it can be arranged within the restrictions set by authorities. Due
to the circumstances, the meeting venue will be changed, and the
AGM will be held in Kamux Training Center in Hämeenlinna,
Parolantie 66 A, 13130 Hämeenlinna. The reception of persons who
have registered for the meeting and the distribution of voting
tickets will commence at 9.45
a.m.
All shareholders, including the institutional investors, who
have preregistered or are about to preregister for the meeting are
strongly encouraged to reconsider their participation in the AGM
and to take advantage of the proxy service provided by the Company.
In addition, those shareholders who have already preregistered for
the meeting and do not wish to attend the meeting nor use the proxy
service are encouraged to cancel their prior notice of attendance
as soon as possible if they do not plan to attend. Instructions for
the use of proxy service and cancellation of the attendance are
available on the corporate website
https://www.kamux.com/en/corporate-governance/general-meeting/annual-general-meeting-2020/.
The length of the AGM will be kept as short as possible, and the
meeting will be reduced to only essential matters presented on the
notice of the meeting. The number of participants will be as
limited as possible. There will be no refreshments or handouts in
the meeting.
Kamux offers an opportunity to follow the meeting held in
Finnish by webcast. The service is available for the shareholders
who are registered on 7 April 2020 in
the shareholders' register of the Company. The webcast link can be
found on Kamux AGM site
https://www.kamux.com/en/corporate-governance/general-meeting/annual-general-meeting-2020/ before
the meeting. Shareholders who follow the meeting online, will not
be registered as shareholders present and will not have the
opportunity to vote or ask questions during the meeting. To follow
the webcast, a shareholder must sign in with a Finnish bank ID or
mobile certificate. It is possible to send questions to the
Company's management before the meeting by 17 April 2020 by email: ir@kamux.fi.
Kamux follows the development of the coronavirus situation and
makes updates on
https://www.kamux.com/en/corporate-governance/general-meeting/annual-general-meeting-2020/ and/or
by stock exchange release about additional information regarding
the meeting arrangements if any. The Company kindly asks the
participants to follow the Company's website also after the
registration.
Kamux supplements the notice published on 16 March 2020 at 9:30 am
EET regarding the proposal on the use of profit. The
proposal on the use of profit is supplemented by adding the
following authorization for the Board of Directors regarding the
second dividend instalment:
"The Board proposes that it be authorized to decide on the
payment or the cancellation of the payment of the second dividend
instalment. In connection with the decision making of the payment,
the Board evaluates among others the impacts of the corona pandemic
on the Company's solvency, cash flow and the development of the
capital adequacy."
The original proposal on the use of profit with the supplement
included is presented below.
8. Resolution on the use of the profit shown on the balance
sheet and the payment of dividend
The Board of Directors proposes a dividend of EUR 0.23 per share to be distributed for the
financial year of 1 January 2019 -
31 December 2019. The Board proposes
that the dividend for the financial year 2019 will be paid in two
instalments. The first dividend instalment, EUR 0.12 per share, is to be paid to shareholders
registered in the Company's register of shareholders maintained by
Euroclear Finland Ltd on the first dividend instalment payment
record date of April 23, 2020. The
Board proposes that the first dividend instalment pay date be
April 30, 2020. The second dividend
instalment is to be paid to shareholders registered in the
Company's register of shareholders maintained by Euroclear Finland
Ltd on the second dividend instalment payment record date of
October 23, 2020. The Board proposes
that the second dividend instalment pay date be October 30, 2020. The Board proposes that it be
authorized to decide on the payment or the cancellation of the
payment of the second dividend instalment. In connection with the
decision making of the payment of the second dividend instalment,
the Board shall evaluate among others the impacts of the corona
pandemic on the Company's solvency, cash flow and the development
of the capital adequacy. The Board proposes that it be authorized
to decide, if necessary, on a new dividend payment record date and
pay date for the second instalment if the rules and statutes of the
Finnish book-entry system change or otherwise so require.
The updated notice to the AGM is attached to this release as
appendix 1 and available on the company's website at
https://www.kamux.com/en/corporate-governance/general-meeting/annual-general-meeting-2020/.
In Hämeenlinna, 26 March 2020
KAMUX CORPORATION
BOARD OF DIRECTORS
Appendix 1: The updated notice to the AGM
For more information:
Satu Otala, Director of
Communications
Tel. +358-400-629-337
Kamux Corporation is a retail chain specializing in the sale of
used cars and related integrated services that has grown rapidly.
Kamux combines online shopping with an extensive showroom network
to provide a great customer experience anytime, anywhere. In
addition to digital channels, the company has total of 72 car
showrooms in Finland, Sweden and Germany. Since its founding, the company has
sold more than 250,000 used cars, 55,432 of which were sold in
2019. Kamux's revenue reached EUR 658.5
million in 2019. In 2019, Kamux's average number of
employees was 595 in terms of full-time equivalent employees. The
shares of Kamux are listed on the Nasdaq Helsinki stock
exchange.
www.kamux.com
This information was brought to you by Cision
http://news.cision.com
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The following files are available for download:
https://mb.cision.com/Main/17647/3070007/1218666.pdf
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Kamux Notice to AGM
2020_supplement 26032020
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