YIT Corporation Stock Exchange Release
Resolutions passed at the Annual General Meeting of
The Annual General Meeting of
Distribution of dividends
The Annual General Meeting decided to approve the proposal of the Board of Directors to not distribute dividend.
Remuneration report and remuneration policy
Remuneration report for the company's governing bodies for the financial year 2023 and remuneration policy for 2024-2027 were presented to the Annual General Meeting. The Annual General Meeting decided to approve the remuneration report and supported the presented remuneration policy. Both decisions were advisory.
Composition of the Board of Directors and their fees
The Annual General Meeting resolved to elect a Chairman, Vice Chairman and four ordinary members to the Board of Directors for a term ending at the close of the next Annual General Meeting following their election, namely:
It was resolved that the members of the Board of Directors be paid the following fixed annual fees for the term of office ending at the conclusion of the next Annual General Meeting:
Chairman of the Board:
Vice Chairman of the Board and Chairmen of the permanent Committees:
members
In addition, it was decided that the annual remuneration for the members of the Board of Directors shall be paid in company shares so that 40% of the annual fee is paid in
In addition to the fixed annual fee, the members of the Board and its permanently and temporarily appointed committees living in
The chairman of the Board and the chairmen of the permanent and temporarily appointed committees be paid a meeting fee of
The members of the Shareholders' Nomination Board, including the expert member, will be paid a meeting fee of
Election of the auditor
The election and remuneration of the Company's auditor for the financial year 2024 had been resolved already in the previous Annual General Meeting held on
Repurchase of the company's own shares
The Annual General Meeting authorised the Board of Directors to decide on the purchase of company shares as proposed by the Board of Directors. The authorisation covers the purchasing of a maximum of 21,000,000 company shares using the company's unrestricted equity. The authorisation reverses the authorisation to purchase the company's own shares issued by the Annual General Meeting on
The authorisation is valid until
Share issues
The Annual General Meeting authorised the Board of Directors to decide on share issues as proposed by the Board of Directors. The authorisation can be used in full or partially by issuing shares in the company in one or more tranches so that the maximum number of shares issued is a total of 21,000,000. The Board of Directors has the right to decide on all terms and conditions of issuing shares.
The authorisation reverses the authorisation to decide on share issues by the Annual General Meeting on 16 March 2023.
The authorisation is valid until
Other information
On
The minutes of the Annual General Meeting will be available on the Internet at the company's website www.yitgroup.com by
For further information:
YIT Corporation
Tuomas Mäkipeska
CFO
Distribution: Nasdaq Helsinki, major media, www.yitgroup.com
YIT is a leading construction and development company. Building on over 110 years of experience, we develop and build sustainable living environments: functional homes, future-proof public and commercial buildings, and infrastructure to support the green transition. We employ approximately 4,300 professionals in eight countries. Our revenue in 2023 was
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