Proxy Report - 08/03/2018
In general, Amer Sports is in compliance with the Finnish regulations relating to the organisation and procedures of the Annual General Meeting.
Under ITEM 16, the board of directors seeks authorisation to issue and/or convey own shares up to a maximum of 10 millions shares (8.44% of share capital). Although the maximum number of shares to be (re-)issued would meet ECGS guidelines, ECGS notes that the authority requested includes the possibility to issue shares to the Company itself without payment. ECGS is not in favour of general authorisations to issue shares (to the Company) without payment and only approves such a proposal when there is a weighty specific reason to do so and it is in the best interest of all shareholders. As it is currently not clear what the future conditions will be, ECGS considers this proposal at present not to be in the best interest of all shareholders and accordingly recommends to vote OPPOSE.
There are no further peculiarities.
Amer Sports is a sporting goods company. Co. and its subsidiaries manufacture, sell and market sports equipment, apparel and footwear to the sports equipment trade. Co. and its subsidiaries' brands include Wilson, Salomon, Precor, Atomic, Mavic, Suunto and Arc'teryx. Co. has three business segments: Winter and Outdoor, which is a manufacturer and supplier of winter sports equipment, apparel, footwear, cycling components and sports instruments; Ball Sports, which is a manufacturer and supplier of racquet and team sports equipment and golf equipment; as well as Fitness, which is a manufacturer and supplier of fitness equipment.
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