United Bankers Plc
STOCK EXCHANGE RELEASE 21 March 2025 at 15:30 EET

Resolutions of United Bankers Plc’s Annual General Meeting and the constitutive meeting of the Board of Directors

United Bankers Plc’s Annual General Meeting was held in Helsinki on 21 March 2025. The meeting approved the financial statements and discharged the members of the Board of Directors and the CEOs from liability for the financial period 1 January – 31 December 2024. The Annual General Meeting approved the Remuneration Report and the Remuneration Policy for governing bodies.

Distribution of dividend

The Annual General Meeting confirmed in accordance with the Board of Directors’ proposal a distribution of dividend a total of EUR 1.10 per share, with the first instalment of EUR 0.55 per share paid in April and the second instalment of EUR 0.55 per share paid in October. The record date for the first dividend instalment is 25 March 2025 and the payment date is 1 April 2025. The record date for the second dividend instalment is 26 September 2025 and the payment date is 3 October 2025.

The Board of Directors

The number of members of the Board of Directors was confirmed as seven (7). Rasmus Finnilä, Rainer Häggblom, Tarja Pääkkönen, Lennart Robertsson, Eero Suomela and Elisabeth Dreijer von Sydow continue as members of the Board of Directors, and Patrick Anderson was elected as new member of the Board.

The remuneration of the members of the Board of Directors remains unchanged. The Annual General Meeting confirmed the annual remuneration of the Chairman of the Board of Directors at EUR 35,000 and for the other members at EUR 25,000. No remuneration shall be paid to a member of the Board of Directors who is employed by a company belonging to the United Bankers Group. The remuneration covers the entire term and committee work. Travel expenses are reimbursed according to the travel policy of the Company.

The Annual General Meeting resolved that if the Board has a full-time Chair of the Board, their remuneration may consist of the Board remuneration as well as employment-related compensation in accordance with the Company's remuneration principles and policies. Other Board members employed by the United Bankers Group, apart from the full-time Chair of the Board, shall not be paid any remuneration.

Auditor and sustainability auditor

The auditing firm Oy Tuokko Ltd was re-elected as the auditor, with Janne Elo as the principal auditor. The auditor's fee will be paid according to an invoice accepted by the Company.

The authorised sustainability auditing firm Oy Tuokko Ltd was elected as the sustainability auditor of the Company, with Juha-Matti Heino, APA, Authorised Sustainability Auditor (ASA), as the principal sustainability auditor. The sustainability auditor's fee be paid according to an invoice accepted by the Company.

Shareholders’ Nomination Board

The Annual General Meeting resolved to establish a Shareholders’ Nomination Board, which going forward shall be responsible for preparing proposals regarding the remuneration, number of members and composition of the Board of Directors to the General Meeting. In addition, the Annual General Meeting approved the charter of the Shareholders' Nomination Board.

Authorisation to decide on the repurchase of own shares

The Annual General Meeting granted the Board of Directors the authority to decide on the repurchase of a maximum of 150,000 own shares of the Company with the Company's unrestricted equity. The authorisation also includes the right to accept the Company's own shares as pledge.

The authorisation is effective until the end of the next Annual General Meeting, however no longer than until 30 June 2026, and it revokes the authorisation granted by the previous Annual General Meeting to repurchase own shares to the extent it has not been used.

Authorisation to decide on the issuance of shares and special rights entitling to shares

The Annual General Meeting granted the Board of Directors the authority to decide on the issuance of a maximum of 1,000,000 new shares in the Company, on the transfer of treasury shares held by the Company and on the issue of special rights entitling to shares.

The issuance of shares and the granting of special rights entitling to shares may also take place in derogation of shareholders' pre-emptive subscription rights (directed share issue). The authorisation may be used, for example, to finance or carry out acquisitions or restructurings, to strengthen the Company's balance sheet and financial position, to make investments or implement share-based incentive plans and/or for other purposes decided by the Board of Directors. The authorisation may also be used for a share issue free of charge to the Company itself.

The authorisation is effective until the end of the next Annual General Meeting, however no longer than until 30 June 2026, and it revokes the authorisation granted by the previous Annual General Meeting to decide on the issuance of shares and special rights entitling to shares to the extent it has not been used.

Minutes of the Annual General Meeting

The minutes of the Annual General Meeting are available on United Bankers Plc's website at https://unitedbankers.fi/en/united-bankers-group/corporate-governance/annual-general-meeting/ no later than 4 April 2025.

Decisions of the constitutive meeting of the Board of Directors

The Board of Directors held its constitutive meeting after the Annual General Meeting on 21 March 2025. Patrick Anderson was elected as Chairman of the Board of Directors and Lennart Robertsson as Vice-Chairman.

Eero Suomela was elected Chairman of the Audit Committee and Patrick Anderson and Lennart Robertsson as members. Patrick Anderson was elected Chairman of the Remuneration Committee and Elisabeth Dreijer von Sydow and Tarja Pääkkönen as members.

Tarja Pääkkönen, Lennart Robertsson, Eero Suomela and Elisabeth Dreijer von Sydow are independent of both the Company and the major shareholders.

Additional information:

John Ojanperä, CEO, United Bankers Plc
Email: john.ojanpera@unitedbankers.fi
Telephone: +358 40 842 3472, +358 9 25 380 356

Investor Relations: ir@unitedbankers.fi

United Bankers in brief:

United Bankers Plc is a Finnish expert on wealth management and investment markets, established in 1986. United Bankers Group’s business segments include wealth management and capital markets services. In asset management, the Group specialises in real asset investments. United Bankers Plc is majority-owned by its key personnel and the Group employs 161 employees (FTE) and 25 agents (31 December 2024). In 2024, the United Bankers Group’s revenue totalled EUR 62.1 million and its adjusted operating profit amounted to EUR 23.7 million. The Group’s assets under management amount to approximately EUR 4.8 billion (31 December 2024). United Bankers Plc’s shares are listed on Nasdaq Helsinki Ltd. The Group companies are subject to the Finnish Financial Supervisory Authority’s supervision. For further information on United Bankers Group, please visit unitedbankers.fi.

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