Communications and Sustainability Director
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Altia Plc Stock Exchange Release 15 May 2019 at 8:45 pm EET
Decisions taken by Altia’s Annual General Meeting 2019 and Altia’s Board of Directors
Altia’s Annual General Meeting was held in Helsinki on 15 May 2019. The meeting adopted the financial statements and discharged the members of the Board of Directors and the CEO from liability for the financial year 2018.
The meeting approved the proposal by the Board of Directors to pay a dividend of EUR 0.38 per share. The dividend will be paid on 24 May 2019 to a shareholder registered in the shareholders’ register held by Euroclear Finland Oy on the record date of the payment, i.e. 17 May 2019.
Remuneration of the members of the Board of Directors
The meeting decided based on the proposal by the Shareholders’ Nomination Board that the remuneration to the members of the Board of Directors during the next term consists 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 members of the Board of Directors 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 are reimbursed in accordance with the company’s travel policy.
Composition of the Board of Directors
The meeting approved the number of members of the Board of Directors to be seven. The meeting re-elected Sanna Suvanto-Harsaae as Chairman of the Board, Kai Telanne as Vice Chairman and Kim Henriksson, Tiina Lencioni, Jukka Ohtola and Torsten Steenholt as members of the Board. Anette Rosengren was elected as a new member.
The term for the members of the Board of Directors lasts until the end of the next Annual General Meeting.
In accordance with the recommendation by the Audit Committee, the Annual General Meeting re-elected PricewaterhouseCoopers Oy as the company’s auditor for a term that ends at the close of the next Annual General Meeting. PricewaterhouseCoopers Oy has informed the company that Authorized Public Accountant Ylva Eriksson continues as the auditor in charge. The meeting decided that the auditor’s fees be paid against an invoice approved by the company.
Minutes of the meeting
The minutes of the Annual General Meeting will be available as of 29 May 2019 at the latest on Altia’s website at: www.altiagroup.com/investors.
Organisational meeting of the Board of Directors
Altia’s Board of Directors held its organisational meeting after the Annual General Meeting and elected members of the Audit and Human Resources Committees as follows:
Audit Committee: Kim Henriksson (Chairman), Tiina Lencioni and Sanna Suvanto-Harsaae
Human Resources Committee: Sanna Suvanto-Harsaae (Chairman), Kai Telanne and Jukka Ohtola
The Board of Directors has assessed that all members of the Board of Directors are independent of the company. Furthermore, all members of the Board of Directors, with the exception of Jukka Ohtola, are independent of the company’s major shareholders. Jukka Ohtola is a member of the Board of Directors of Valtion Kehitysyhtiö Vake Oy and holds an office in the Ownership Steering Department of the Finnish Prime Minister’s Office and is therefore not independent of the company’s major shareholders.
Thomas Heinonen, General Counsel
Analysts and investors: Tua Stenius-Örnhjelm, Investor Relations, tel. +358 40 748 8864
Media: Petra Gräsbeck, Corporate Communications, tel. +358 40 767 0867
Nasdaq Helsinki Ltd