Wetteri Plc Stock Exchange Release 20 May 2025 at 3:45 p.m. EET

The Annual General Meeting of Wetteri Plc adopted the financial statements for 2024 and discharged the Board of Directors and the CEO from liability. In accordance with the proposal of the Board of Directors, the Annual General Meeting resolved that no dividend will be paid for the financial year ended 31 December 2024.

The Annual General Meeting confirmed the number of members of the Board of Directors as five. Martti Haapala, Mikael Malmsten, Satu Mehtälä, Hannu Pärssinen and Aarne Simula will continue as members of the Board. PricewaterhouseCoopers Oy will continue as the company's auditor and Sami Posti, Authorised Public Accountant, will act as the principal auditor. PricewaterhouseCoopers Oy will continue to certify the company's sustainability reporting, and Tiina Puukkoniemi, Authorised Public Accountant, will act as the principal auditor.

The Annual General Meeting resolved that each ordinary member of the Board of Directors of the Company shall be paid a remuneration of EUR 3000 per month and the Chairman of the Board of Directors EUR 5500 per month. No separate meeting fee will be paid. By decision of the Annual General Meeting, a fee of EUR 500 per meeting will be paid to the chairmen of the committee meetings and EUR 300 to the members of the committees. The remuneration of the auditor will be paid according to a reasonable invoice approved by the company.  The sustainability reporting assurance officer will be paid a fee according to a reasonable invoice approved by the company.

The Annual General Meeting authorized the Board of Directors to decide on the issuance of shares, including the right to issue new shares or transfer shares held by the company, as well as the issuance of option rights and other special rights entitling to shares. Based on the authorization, a maximum of 70,000,000 new shares or shares held by the company may be issued in one or more tranches, corresponding to approximately 44.5 per cent of the company's current shares. The authorisation replaces the previous authorisations and is valid for one year from the date of the decision of the Annual General Meeting.

Based on the authorization granted by the Annual General Meeting, the Board of Directors is entitled to decide on the issuance of shares, option rights and other special rights entitling to shares and their terms and conditions. The Board of Directors may use the authorisation, for example, to finance and enable acquisitions and business acquisitions or other business arrangements and investments, or to encourage or commit personnel. Based on the authorization, the Board of Directors may decide on both a paid and a non-payment issue, and consideration other than cash may also be used as payment for the subscription price. The authorisation includes the right to decide on deviation from the shareholders' pre-emptive subscription right if the conditions set out in the Limited Liability Companies Act are met.

More information:

Aarne Simula, President and CEO, Wetteri Plc 
Tel. +358 400 689 613, aarne.simula@wetteri.fi

Pietu Parikka, CFO and Chief Operating Officer, Wetteri Plc 
Tel. +358 50 344 2886, pietu.parikka@wetteri.fi

Wetteri Plc - an entrepreneur-driven growth company in the automotive industry

Wetteri Plc is an entrepreneur-driven growth company in the automotive industry. In addition to the retail trade of passenger, commercial and heavy-duty vehicles, the company provides maintenance and damage repair services ranging from passenger cars to heavy-duty vehicles. The company has 35 offices in Finland, and its head office is located in Oulu. The company employs approximately 800 people, of whom approximately 76% work in maintenance and damage repair services. Wetteri is a promoter of the digitalisation of the automotive industry and an important player in the joint journey towards emission-free driving. More information: www.sijoittajat.wetteri.fi.