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    EABGB   FI4000157441

EAB GROUP OYJ

(EABGB)
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EAB Oyj : Resolutions of EAB Group Plc's Annual General Meeting on 22 September 2020 and the organizing meeting of the Board of Directors

09/22/2020 | 09:25am EST
Resolutions of EAB Group Plc's Annual General Meeting on 22 September 2020 and the organizing meeting of the Board of Directors

EAB Group Plc, Stock Exchange Release, 22 September 2020, 4:15 p.m. (EET)

Resolutions of EAB Group Plc's Annual General Meeting on 22 September 2020 and the organizing meeting of the Board of Directors

The following matters were adopted and resolved in the Annual General Meeting of EAB Group Plc on 22 September 2020:

Adoption of the financial statements

The financial statement and related consolidated financial statement for the financial year 2019 were adopted.

Use of the profit shown on the balance sheet and resolution on the payment of a return of capital

The parent company's distributable funds on the 31.12.2019 totalled EUR 20.9 million of which the loss for the period amounted to EUR 0.5 million. It was decided that assets are not distributed.

Resolution on discharge from liability for the members of the Board of Directors and the CEO

The members of the Board of Directors and the Chief Executive Officer were discharged from liability for the financial year 1 January-31 December 2019.

Remuneration Policy for Governing Bodies

The Remuneration Policy for Governing Bodies was approved.

Resolution on the remuneration of the members of the Board of Directors

The members of the Board of Directors will be paid remuneration as follows:

Board members independent of the Company are paid EUR 22,500 per year for their service on the Board. Chairman of the Board is paid EUR 30,000 per term for service on the Board. Remuneration is also paid to the Board members independent of the Company's but not its major shareholders. No remuneration is paid to Board members or Chairman working for EAB Group or otherwise dependent of the company.

Resolution on the number of members of the Board of Directors

The number of the members of the Board of Directors was confirmed as eight (8).

Election of the members of the Board of Directors

The current members of the Board of Directors Therese Cedercreutz, Pasi Kohmo, Topi Piela, Juha Tynkkynen, Janne Nieminen and Vincent Trouillard-Perrot were re-elected to the Board of Directors, and Helge Arnesen and Julianna Borsos were elected to the Board of Directors as new members.

Therese Cedercreutz was appointed as Chairman of the Board of Directors.

Among the elected members, Therese Cedercreutz, Pasi Kohmo, Topi Piela and Juha Tynkkynen have been assessed to be independent of the Company and of the Company's major shareholders. Among the elected members Janne Nieminen has been assessed to be dependent on the Company, but independent of its major shareholders. Among the elected members Julianna Borsos has been assessed to be independent of the Company but not its major shareholders. Among the elected members Vincent Trouillard-Perrot and Helge Arnesen have been assessed to be dependent on the Company and its major shareholders.

Resolution on the remuneration of the Auditor

The elected auditor will be reimbursed in accordance with the auditor' invoice approved by the company.

Election of the Auditor

Authorised Public Accountant Firm KPMG Oy Ab was elected as the Company's Auditor, with APA Tuomas Ilveskoski as an auditor in charge, was elected until close of the next Annual General Meeting.

Authorising the Board of Directors to decide on the acquisition of the Company's own shares

The Board of Directors was authorised to decide on the acquisition or acceptance as pledge, of a maximum of 1,300,000 of the Company's shares (corresponding to 9.39% of the Company's shares).

The shares may be acquired in public trading on the marketplace maintained by Nasdaq Helsinki Ltd, at the market price at the time of the purchase, not in proportion with the shareholdings of the Company's shareholders, using the Company's distributable equity. The acquisitions and the payment of the shares will be executed in accordance with the rules of the marketplace.

There must be a weighty economic reason for the acquisition of shares, such as the use of shares or special rights to develop the Company's capital structure, as consideration in corporate acquisitions or other restructuring, to finance investments or as part of the Company's incentive plan.

The acquisition or acceptance as pledge of Company's own shares will reduce the amount of the Company's reserves of unrestricted equity.

The Board of Directors may decide on other matters related to the acquisition of Company's own shares.

The authorisation is valid until 22 February 2022.

The authorisation superseded the authorisation for acquisition of the Company's own shares issued on 5 April 2019.

Resolutions of the organizing meeting of EAB Group Plc's Board of Directors

EAB Group Plc's Board of Directors made the following decisions in its organizing meeting on 22 September 2020:

Therese Cedercreutz (Chairman), Pasi Kohmo and Topi Piela were appointed as members of the Audit Committee.

Therese Cedercreutz (Chairman), Janne Nieminen and Juha Tynkkynen were appointed as members of the Remuneration Committee.

EAB GROUP PLC
Board of Directors

Further information:

EAB Group Plc

Daniel Pasternack, CEO
+358 50 569 3416
daniel.pasternack@eabgroup.fi

Therese Cedercreutz, Chairman of the Board
+358 40 544 2502
therese.cedercreutz@miltton.com

Elite Alfred Berg offers responsible investment and asset management services for private investors, institutions and professional investors. Elite Alfred Berg is the marketing name of the EAB Group. The Group's parent company EAB Group Plc's shares are listed on the Nasdaq Helsinki stock exchange. The Group companies include EAB Asset Management Ltd, which offers asset management activities, and EAB Fund Management Ltd, which acts as a fund company and authorised alternative investment fund manager. The Group's customer base consists of individuals and corporations that are served nationwide in 13 different locations. The Group employs 86 investment professionals, and more than 20 tied agents provide its services. On behalf of its clients, the Group manages assets of EUR 3 billion. Explore EAB Group's services at www.eabgroup.fi.

DISTRIBUTION:
Nasdaq Helsinki Oy
The main news media
www.eabgroup.fi

Disclaimer

EAB Group Oyj published this content on 22 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 September 2020 13:24:04 UTC


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