Beskrivning
| Land | Finland |
|---|---|
| Lista | Small Cap Helsinki |
| Sektor | Fastigheter |
| Industri | Projektering |
Lehto Group Plc
Stock exchange release
30 April 2025 at 14:55 (Finnish time)
Shareholders's Nomination Committee
The 2017 Annual General Meeting of Lehto Group Plc (the "Company") established a Shareholders' Nomination Committee ("Nomination Committee"), whose task is to prepare proposals for the Annual General Meeting regarding the members of the Board of Directors and Board remuneration. The Nomination Committee consists of representatives appointed by the Company's three largest shareholders as of 30 September 2024. The members of the Nomination Committee are Hannu Lehto (appointed by Lehto Invest Oy), Jouni Hämäläinen (appointed by J&K Hämäläinen Oy) and Mikko Kinnunen.
The Nomination Committee's task is to ensure that, in addition to the qualifications of the individual candidates for the Board of Directors, the proposed Board of Directors as a whole has the best possible expertise and experience for the company, and that the composition of the Board of Directors also meets other requirements set for listed companies by the Corporate Governance Code.
Nomination Committee's proposals for the composition and remuneration of the Board of Directors of Lehto Group Oyj
The Nomination Committee proposes to the Annual General Meeting scheduled for 22 May 2025 that the Board of Directors of Lehto Group Plc should consist of three (3) members and that Mr. Timo Okkonen, Ms. Tarja Teppo and Mr. Hannu Lehto be re-elected to the Board. The current Board member Mr. Jani Nokkanen has announced that he is not available for re-election.
All candidates have given their consent to be elected to the Board of Directors. The proposed members, with the exception of Hannu Lehto, are independent of the Company and its significant shareholders.
The Nomination Committee proposes that the members of the Board of Directors be paid an annual remuneration consisting of a cash remuneration and a share remuneration as follows:
- Cash remuneration of EUR 18,000 for the Chairman of the Board and a remuneration payable in shares of 80,000 shares.
- Cash remuneration of EUR 12,000 for the Vice Chairman and member of the Board of Directors and a remuneration payable in shares of 80,000 shares.
The remuneration payable in shares is proposed to be paid in such a way that the members of the Board of Directors would be given free of charge new shares held by the Company or issued by the Company, or alternatively the Company's shares would be acquired on a regulated market at a price determined in public trading directly in the name and on behalf of the member of the Board of Directors.
The member of the Board of Directors should hold the shares for at least the duration of the Board of Directors' term and for six months thereafter.
It is not proposed that the members of the Board of Directors be paid a separate meeting fee. The proposed meeting fees for members of the Board committees are:
- EUR 600 per meeting for the Committee Chair
- EUR 400 per meeting for the Committee members.
Reasonable travel expenses incurred for meetings of the Board and Board committees will be reimbursed in accordance with the Tax Administration's guidelines.
Further information:
Veli-Pekka Paloranta
Chief Financial Officer
Tel. +358 400 944 074