Caverion Corporation Stock exchange release
Decisions of the Annual General Meeting and Board of Directors of
The minutes of the Annual General Meeting will be available on the Company's website at www.caverion.com/agm by
Dividend payment
The Annual General Meeting approved the proposal of the Board of Directors according to which a dividend of
Composition of the Board of Directors
The Annual General Meeting elected a Chairman, a Vice Chairman and five (5) ordinary members to the Board of Directors.
Remuneration to be paid to the Board of Directors
The Annual General Meeting decided that the annual fees for the members of the Board of Directors remain unchanged and that the following annual fees will be paid:
- Chairman of the Board of Directors
EUR 79,200 , -
Vice Chairman of the Board of Directors
EUR 60,000 and -
members of the Board of Directors
EUR 46,800 .
Approximately 50% of the annual remuneration will be paid in
In addition,
Election of the auditor and its remuneration
Repurchase and/or acceptance as pledge of own shares
The Annual General Meeting authorised the Board of Directors to decide on the repurchase and/or on the acceptance as pledge of the Company's own shares in accordance with the proposal by the Board of Directors.
The number of own shares to be repurchased and/or accepted as pledge shall not exceed 13,500,000 shares, which corresponds to approximately 9.7% of all the shares in the Company. The Company may use only unrestricted equity to repurchase own shares on the basis of the authorization.
Purchase of own shares may be made at a price formed in public trading on the date of the repurchase or otherwise at a price formed on the market.
The Board of Directors resolves the manner in which own shares will be repurchased and/or accepted as pledge. Repurchase of own shares may be made using, inter alia, derivatives. Repurchase and/or acceptance as pledge of own shares may be made otherwise than in proportion to the share ownership of the shareholders (directed repurchase or acceptance as pledge).
The authorization cancels the authorization given by the general meeting on
The authorization is valid until
Share issues
The Annual General Meeting authorised the Board of Directors to decide on share issues in accordance with the proposal by the Board of Directors.
The number of shares to be issued under the authorization may not exceed 13,500,000 shares, which corresponds to approximately 9.7% of all the shares in the Company.
The Board of Directors decides on all the conditions of the issuance of shares. The authorization concerns both the issuance of new shares as well as the transfer of treasury shares. The issuance of shares may be carried out in deviation from the shareholders' pre-emptive rights (directed issue). The authorization can be used, e.g. in order to develop the Company's capital structure, to broaden the Company's ownership base, to be used as payment in corporate acquisitions or when the Company acquires assets relating to its business and as part of the Company's incentive programs.
The authorization cancels the authorization given by the general meeting on
The authorization is valid until the end of the next Annual General Meeting, however no later than
Decisions of the Board of Directors on the composition of its committees
Convening after the Annual General Meeting the Board of Directors appointed from among its members the following members to its committees:
Human Resources Committee : ChairmanMats Paulsson ,Jussi Aho ,Jasmin Soravia -
Audit Committee: Chairman
Markus Ehrnrooth ,Thomas Hinnerskov ,Joachim Hallengren ,Kristina Jahn
Description of the Committees' tasks and charters are available at www.caverion.com/investors - Corporate Governance.
Distribution: Nasdaq Helsinki, principal media, www.caverion.com
Contacts:
Our life is shaped by the environments we build around us. By making built environments smart and sustainable,
www.caverion.com @CaverionGroup
https://news.cision.com/caverion/r/decisions-of-the-annual-general-meeting-and-board-of-directors-of-caverion-corporation,c3312203
https://mb.cision.com/Main/14078/3312203/1391173.pdf
(c) 2021 Cision. All rights reserved., source