Pihlajalinna Plc Stock Exchange Release
Proposals of
The Pihlajalinna Shareholders' Nomination Board has submitted its proposals to the Company's Board of Directors, to be presented to the Annual General Meeting on
Board of Directors - composition and number of members
The Shareholders' Nomination Board proposes the following to the Annual General Meeting of
- The number of members of the Board of Directors would be eight (8) instead of the current seven (7).
-
The present members of the Board of Directors
Heli Iisakka ,Hannu Juvonen ,Leena Niemistö ,Seija Turunen andMikko Wirén would be re-elected for the new term. Kim Ignatius ,Tiina Kurki andJukka Leinonen would be elected as new members of the Board of Directors.Jukka Leinonen would be elected as the Chairman of the Board of Directors andLeena Niemistö as the Vice Chairman.
The resumes of the proposed new members of the Board are attached to this stock exchange release.
The current members' duties and positions of trust are available on the Company's investor site at https://investors.pihlajalinna.fi/board-of-directors-and-committees.
With regard to the selection procedure for the members of the Board of Directors, the Shareholders' Nomination Board recommends that shareholders take a position on the proposal as a whole at the General Meeting. This recommendation is based on the fact that in
Remuneration of the members of the Board of Directors
The Shareholders' Nomination Board proposes that the members of the Board elected at the Annual General Meeting will be paid the following annual remuneration for the term ending at the conclusion of the Annual General Meeting in 2024:
- Chairman of the Board
EUR 60,000 , -
Vice Chairman of the Board and the Chairmen of the Committees
EUR 40,000 and -
other members
EUR 30,000 .
It is proposed that the annual remuneration be paid in Company shares and money in such a way that approximately 40% of the remuneration is used to procure Company shares on behalf and in the name of the members of the Board of Directors and the remainder is paid in money. The remuneration can be paid either entirely or partially in money, if the member of the Board of Directors has on the day of the General Meeting,
The remuneration to be paid in shares can be paid by transferring Company shares in possession of the Company to the members of the Board of Directors or by procuring shares directly on the behalf of the Board members within three weeks after the interim report for the period of 1 January-
The proposals of the Nomination Board are included in the notice to the Annual General Meeting 2023 by the Board of Directors of
The Pihlajalinna Shareholders' Nomination Board consists of the Chairman
Additional information:
Requests for contacts through
Vice President, Communications and Sustainability
Distribution:
Nasdaq
Major media
investors.pihlajalinna.fi
https://news.cision.com/pihlajalinna-oyj/r/proposals-of-pihlajalinna-plc-s-shareholders--nomination-board-to-the-2023-annual-general-meeting,c3728883
https://mb.cision.com/Main/15465/3728883/1897711.pdf
https://mb.cision.com/Public/15465/3728883/a66bc535a802b47f.pdf
https://mb.cision.com/Public/15465/3728883/a685411c345c674e.pdf
https://mb.cision.com/Public/15465/3728883/8130178cd3ecec42.pdf
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