HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE
Proposals by Huhtamäki Oyj’s Board of Directors and the Shareholders’ Nomination Board to the Annual General Meeting of Shareholders
The Annual General Meeting of Shareholders of Huhtamäki Oyj (AGM) will be held on
After the AGM, shareholders will be provided with an opportunity to follow a webcast where the Chair of the Board and other Company representatives will address topical themes of the Company.
The AGM will be held without the presence of shareholders or their representatives in order to ensure the health and safety of the Company‘s shareholders, personnel and other stakeholders. The shareholders of the Company and their proxy representatives may participate in the meeting and exercise their rights as shareholders by voting in advance as well as by making counterproposals and presenting questions in advance.
The notice to convene the AGM is planned to be published on the Company’s website (www.huhtamaki.com) on
Use of the profit shown on the balance sheet
The Board of Directors proposes to the AGM that an aggregate dividend of
The first dividend instalment,
The second dividend instalment,
The Board of Directors proposes that the AGM would authorize the Board of Directors to decide, if necessary, on a new record date and a new payment date for the second dividend instalment if regulations applicable to the Finnish book-entry system change or otherwise so require.
No significant changes have taken place in the Company’s financial position since the end of the financial year. The Company’s liquidity position is good and the proposed distribution does not, in the view of the Board of Directors, risk the Company’s ability to fulfill its obligations.
Remuneration Report for the Governing Bodies
The Company’s Remuneration Report will be presented to the AGM for advisory approval. The Remuneration Report will be published in connection with the Annual Report.
Composition of the Board of Directors
The Shareholders’ Nomination Board proposes to the AGM that the number of members of the Board of Directors would be nine (9).
The Shareholders’ Nomination Board proposes that Mr.
Ms.
Mr.
The biographical details of all candidates are presented on the Company’s website at the Investors section.
All of the candidates have given their consent to the election.
Remuneration and expense compensation of the members of the Board of Directors
The Shareholders’ Nomination Board proposes to the AGM that the annual remuneration would be paid as follows: to the Chair
The Shareholders’ Nomination Board recommends all members of the Board of Directors to own shares of Huhtamäki Oyj.
Election and remuneration of the Auditor
The Board of Directors proposes to the AGM, in accordance with the recommendation of the Audit Committee of the Board of Directors, that
The recommendation of the Audit Committee is included in the proposal of the Board of Directors available on the Company’s website.
The Board of Directors proposes that the Auditor’s remuneration would be paid against an invoice approved by the Audit Committee of the Board of Directors.
Authorizing the Board of Directors to resolve on the repurchase of the Company’s own shares
The Board of Directors proposes that the AGM would authorize the Board of Directors to resolve on the repurchase of an aggregate maximum of 10,776,038 of the Company’s own shares, subject to the number of shares held by the Company at any given moment not exceeding 10 percent of all the shares of the Company. Own shares may be repurchased on the basis of the authorization only by using non-restricted equity.
Own shares may 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 resolves on how shares are repurchased. Own shares may be repurchased otherwise than in proportion to the shares held by the shareholders (directed repurchase). The authorization remains in force until the end of the next Annual General Meeting, however, no longer than until
Authorizing the Board of Directors to resolve on the issuance of shares and the issuance of special rights entitling to shares
The Board of Directors proposes that the AGM would authorize the Board of Directors to resolve on the issuance of shares and the issuance of options and other special rights entitling to shares referred to in chapter 10 section 1 of the Companies Act as follows: the aggregate number of new shares to be issued may not exceed 10,000,000 shares which corresponds to approximately 9.3 percent of the current shares of the Company, and the aggregate number of own treasury shares to be transferred may not exceed 4,000,000 shares which corresponds to approximately 3.7 percent of the current shares of the Company.
The Board of Directors resolves on all the terms and conditions of the issuance of shares and special rights entitling to shares, and may deviate from the shareholders’ pre-emptive subscription rights (directed issue). The authorization remains in force until the end of the next Annual General Meeting, however, no longer than until
For further information, please contact:
HUHTAMÄKI OYJ
Board of Directors
About Huhtamaki
Huhtamaki is a key global provider of sustainable packaging solutions for consumers around the world, enabling wellbeing and convenience. Our innovative products protect on-the-go and on-the-shelf food and beverages, ensuring hygiene and safety, and help prevent food waste. We embed sustainability in everything we do. We are committed to achieving
We are a participant in the
With 100 years of history and a strong Nordic heritage we operate in 38 countries and 114 operating locations around the world. Our values Care Dare Deliver guide our decisions and help our team of 19,600 employees make a difference where it matters. Our 2021 net sales totaled
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