FORTUM CORPORATION STOCK EXCHANGE RELEASE
The Annual General Meeting of
In accordance with the proposal of the Board of Directors, the Annual General Meeting resolved that a dividend of
Board of Directors, remuneration and auditor
The Annual General Meeting resolved to support the Remuneration Report for the company's governing bodies.
The Shareholders' Nomination Board did not reach a unanimous proposal, and consequently did not make a proposal for the remuneration to be paid to the Board of Directors for their following term of office. In accordance with the proposal of the
- for the Chair
EUR 77,200 per year, -
for the Deputy Chair
EUR 57,500 per year, -
for a Member
EUR 40,400 per year, and -
for the Board member acting as the Chair of the
Audit and Risk Committee :EUR 57,500 per year if he or she is not simultaneously acting as Chair or Deputy Chair of the Board.
In addition, a fee of
In accordance with the Shareholders' Nomination Board's proposal, the Annual General Meeting resolved that the Board of Directors will consist of seven members, including the Chair and the Deputy Chair.
In accordance with the Shareholders' Nomination Board's proposal, the Annual General Meeting resolved to elect the following persons to the Board of Directors for a term of office ending at the closing of the next Annual General Meeting: Mr
Further details of the members of the Board of Directors are available on the company's website at www.fortum.com/governance.
The Annual General Meeting resolved, in accordance with the proposal of the Board of Directors, to pay to the auditor pursuant to an invoice approved by the company.
The Annual General Meeting resolved, in accordance with the proposal of the Board of Directors, to re-elect
Repurchase and disposal of the company's own shares
The Annual General Meeting resolved, in accordance with the proposal of the Board of Directors, to authorise the Board of Directors to decide on the repurchase of the company's own shares, and at the same time cancel the repurchase authorisation resolved by the Annual General Meeting of 2020 as follows:
- The maximum number of own shares to be repurchased is 20,000,000 shares, which corresponds to approximately 2.25 per cent of all the shares in the company. Only the unrestricted equity of the company can be used to repurchase own shares on the basis of the authorisation.
- Own shares can be repurchased 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 will decide how own shares will be repurchased. Own shares can be repurchased using, inter alia, derivatives. Own shares can be repurchased otherwise than in proportion to the shareholdings of the shareholders (directed repurchase).
- The authorisation cancelled the authorisation resolved by the Annual General Meeting of 2020 to decide on the repurchase of the company's own shares, and it will be effective until the next Annual General Meeting and in any event no longer than for a period of 18 months.
In addition, the Annual General Meeting resolved, in accordance with the proposal of the Board of Directors, to authorise the Board of Directors to decide on the disposal of the company's own shares, and at the same time cancel the disposal authorisation resolved by the Annual General Meeting of 2020 as follows:
- The number of shares to be disposed based on the authorisation shall not exceed 20,000,000 shares, which corresponds to approximately 2.25 per cent of all the shares in the company.
- The Board of Directors will decide on all the other conditions of the disposals, including to whom, at what price and in which manner the company's shares are disposed. The disposals may also be made in deviation from the shareholders' pre-emptive rights (directed share issue).
- The authorisation cancelled the authorisation resolved by the Annual General Meeting of 2020 to decide on the disposal of the company's own shares, and it will be effective until the next Annual General Meeting and in any even no longer than for a period of 18 months.
Charitable contributions
The Annual General Meeting resolved, in accordance with the proposal of the Board of Directors, to authorise the Board of Directors to decide on contributions in the total maximum amount of
The authorisation will be effective until the next Annual General Meeting.
Minutes of the meeting
The minutes of the Annual General Meeting will be available on the company's website as from
Further Information:
Distribution:
Nasdaq
Main media
www.fortum.com
https://news.cision.com/fortum/r/decisions-by-fortum-corporation-s-annual-general-meeting-2021,c3335797
https://mb.cision.com/Main/15253/3335797/1409151.pdf
https://news.cision.com/fortum/i/fortum-4390,c2906515
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