Altia Plc Stock Exchange Release 29 January 2020 at 10:00 am EET
Proposals by Altia's Shareholders' Nomination Board to the Annual General
Meeting 2020
Altia's Shareholders' Nomination Board has submitted its proposals to the Annual
General Meeting, which is planned to be held on 25 March 2020. Altia's Board of
Directors will summon the Annual General Meeting later.
Proposal on the number of members and composition of the Board of Directors:
The Shareholders' Nomination Board proposes to the Annual General Meeting that
the number of members of the Board of Directors would be seven (7).
Further, the Nomination Board proposes that of the present members Tiina
Lencioni, Jukka Ohtola, Anette Rosengren, Torsten Steenholt and Sanna Suvanto
-Harsaae would be re-elected and that Jukka Leinonen and Jyrki Mäki-Kala would
be elected as new members. The Board members' term lasts until the end of the
next Annual General Meeting.
Jukka Leinonen, M. Sc. Electrical Engineering, born 1962, Finnish citizen, has
extensive experience from managing and leading successful and growing businesses
in the telecommunications sector. Leinonen is currently CEO of DNA Ltd and
Executive Vice President, Nordic Cluster at Telenor ASA. A brief presentation
and photo of Leinonen are attached to this release. Leinonen is independent of
the company and the shareholders of the company.
Jyrki Mäki-Kala, M. Sc. Econ, born 1961, Finnish citizen, has strong experience
from CFO positions at stock exchange listed companies. Mäki-Kala is currently
CFO at Neste Oyj. A brief presentation and photo of Mäki-Kala are attached to
this release. Mäki-Kala is independent of the company and the shareholders of
the company.
Current Board members Kim Henriksson and Kai Telanne have informed that they are
not available for re-election to the Board of Directors. Henriksson has been a
member of Altia's Board of Directors and the Chairman of the Audit Committee
since 2015. Telanne has been a member of Altia's Board of Directors since 2016
and acted as the Vice Chairman since 2018.
Further, the Nomination Board proposes that Sanna Suvanto-Harsaae would be
elected as Chairman and Jyrki Mäki-Kala as Vice Chairman of the Board of
Directors.
Proposal on the remuneration of the Board of Directors:
The Shareholders' Nomination Board proposes to the Annual General Meeting that
the remuneration to be paid to the members of the Board of Directors during the
next term would consist of a monthly term of office fee as follows:
· EUR 4 000 per month, Chairman
· EUR 2 500 per month, Vice Chairman
· EUR 2 000 per month, member
In addition to the monthly fee, the Board members would receive a meeting fee
for the Board of Directors and Board Committee meetings of EUR 600 per meeting
for Board members residing in Finland and EUR 1 200 per meeting for Board
members residing abroad. Travel expenses would be reimbursed in accordance with
the company's travel policy.
Proposal to amend the Charter of the Shareholders' Nomination Board:
According to the Charter of the Shareholders' Nomination Board, the members of
the Nomination Board shall represent the Company's three largest shareholders
who (i) represent the largest number of votes of all shares in the Company on
the first banking day of September each year, as determined on the basis of the
shareholder register of the Company maintained by Euroclear Finland Ltd; and
(ii) wish to nominate a member to the Nomination Board.
The Shareholders' Nomination Board proposes to the Annual General Meeting that
the Charter of the Nomination Board be amended so that the three largest
shareholders shall be determined on the first banking day of June each year.
Composition of Altia's Shareholders' Nomination Board
As announced on 2 October 2019, the members of Altia's Shareholders' Nomination
Board are:
· Pekka Hurtola, the Ownership Steering Department in the Prime Minister's
Office, Chairman of the Shareholders' Nomination Board
· Hanna Kaskela, Varma Mutual Pension Insurance Company
· Annika Ekman, Ilmarinen Mutual Pension Insurance Company
In addition, the Chairman of Altia's Board of Directors, Sanna Suvanto-Harsaae
acts as an expert member in the Nomination Board.
ALTIA PLC
Further information:
Pekka Hurtola, Chairman of Altia's Shareholders' Nomination Board, tel. +358 295
160 143
Contacts:
Analysts and investors: Tua Stenius-Örnhjelm, Investor Relations, tel. +358 40
748 8864
Media: Petra Gräsbeck, Corporate Communications, tel. +358 40 767 0867
Distribution:
Nasdaq Helsinki Ltd
Principal media
www.altiagroup.com
Altia is a leading Nordic alcoholic beverage brand company operating in the
wines and spirits markets in the Nordic and Baltic countries. Altia wants
to support a development of a modern, responsible Nordic drinking
culture. Altia's key exports brands are Koskenkorva, O.P. Anderson and Larsen.
Other iconic Nordic brands are Chill Out, Blossa, Xanté, Jaloviina, Leijona,
Explorer and Grönstedts. Altia's net sales in 2018 were EUR 357.3 million and
the company employs about 700 professionals. Altia's shares are listed on Nasdaq
Helsinki. www.altiagroup.com (https://emea01.safelinks.protection.outlook.com/?
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Attachments:
Jukka_Leinonen_CV_EN.pdf
Jyrki_Maki-Kala_CV_EN.pdf
Attachments
- Original document
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Disclaimer
NASDAQ OMX Nordic - NASDAQ OMX Stockholm AB published this content on 29 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 January 2020 08:04:05 UTC
