Stock exchange release
LASSILA & TIKANOJA’S SHAREHOLDERS’ NOMINATION BOARD SUBMITS PROPOSALS FOR THE 2021 ANNUAL GENERAL MEETING
Lassila & Tikanoja’s Shareholders’ Nomination Board, established by the Annual General Meeting on
Members of the Board of Directors
The Shareholders’ Nomination Board proposes that the number of members of the Board of Directors remains unchanged at seven (7).
The Nomination Board proposes that
All candidates have given their consent to the election and are independent of the company and its significant shareholders. The members of the Board of Directors will elect a chairman and vice-chairman from their number. The names of the persons elected for these positions will be published at a later date.
The members of the Board of Directors are presented on Lassila & Tikanoja’s website https://www.lt.fi/en/company/management-and-board-of-directors/board-of-directors
Remuneration paid to the Board of Directors
The Shareholders’ Nomination Board proposes that the remuneration of the members of the Board of Directors remains unchanged and is as follows:
– chairman,
– vice-chairman,
– members,
It is proposed that the fees be paid so that 40% of the annual fee is paid in Lassila & Tikanoja’s shares held by the company or, if this is not feasible, shares acquired from the market, and 60% in cash. Shares are to be issued to Board members and, where necessary, acquired directly from the market on behalf of Board members within the next 14 trading days, free from restrictions on trading, from the Annual General Meeting.
In addition, it is proposed that the following fees be paid:
The Shareholders’ Nomination Board consists of representatives appointed by the company’s three largest shareholders and the chairman of the Board of Directors of
The Shareholders’ Nomination Board has consisted of
Additional information:
Attachment: CV
Distribution
Nasdaq
Major media
www.lt.fi/en
Attachment
- Jukka Leinonen CV En
13.1.2021
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