Stock Exchange Release
The Annual General Meeting of shareholders of
The use of profit shown on the balance sheet and the payment of dividend
The Annual General Meeting resolved in accordance with the proposal by the Board of Directors that no dividend shall be paid for the financial year that ended on
The handling of the Remuneration Report for governing bodies
The Annual General Meeting resolved to confirm the Remuneration Report for the governing bodies as proposed to the Annual General Meeting.
Election and remuneration of the Chairman and the Members of the Board of Directors
The Annual General Meeting resolved that the Board of Directors shall consist of six members.
Pursuant to the proposal made by the shareholders nomination committee
The Annual General Meeting resolved that the remuneration of the members of the Board of Directors shall be made in
For each attended meeting of the Audit Committee agreed in the annual meeting agenda or a meeting outside the annual meeting agenda exceeding two hours shall be paid a remuneration of
Attendance fees shall not be paid to such Members of the Board of Directors that are employed by the company.
Reasonable travel expenses incurred in connection with Board meetings or Committee meetings shall be paid in accordance with the instructions of the tax authority. The per diem allowances are included in the attendance fee.
Election and remuneration of the auditor
The audit firm
Authorisation of the Board of Directors to decide on the purchase of the company's own shares
The Annual General Meeting authorised the Board to decide on the purchase of the company's own shares as one or several instalments using assets belonging to the shareholders' surplus, such that the maximum quantity purchased be 8,733,000 shares. The shares shall be purchased through public trading organised by
The authorisation also entitles the Board of Directors to decide on the purchase of shares other than in proportion to the shares owned by the shareholders (directed purchase), in which case there should be sound financial reasons for the company to purchase its own shares. Shares can be purchased to implement arrangements linked to the company's business operations, to implement company's incentive schemes, or otherwise to transfer or invalidate. The purchased shares can also be stored by the company.
The Board of Directors is authorised to make decisions on all other conditions and circumstances pertaining to the purchase of own shares. The purchase of own shares reduces the shareholders' surplus. The authorisation is proposed to remain valid until the end of the following annual general meeting but in any case, not longer than
Authorising the Board of Directors to decide on a share issue, in the issuance of options and other special rights to shares as well as the transfer of own shares
The Annual General Meeting decided to authorise the Board of Directors to decide on the issue of a maximum of 8,733,000 shares through a share issue or by granting rights of option or other special rights entitling to shares as one or several instalments. The authorisation includes the right to issue either new shares or own shares held by the company either against payment or without consideration. In contrast to the company's shareholders' privilege, new shares can be directly issued and own shares held by the company directly transferred if there is a weighty financial reason for it from the company's point of view or, in case of an issue without consideration, a particularly weighty financial reason from the company's point of view and the benefit of all its shareholders. The Board of Directors is authorised to decide on all other conditions and circumstances pertaining to a share issue, to the granting of special rights entitling to shares, and to the transfer of shares. Among other things, the authorisation can be used to develop the capital structure, to expand the ownership base, to use as consideration in transactions, when the company purchases assets linked to its operations, or to carry out incentive schemes. The authorisation is proposed to be valid until the end of the following annual general meeting but in any case, no later than
The minutes of the meeting shall be made available on the
The resolutions of the organizing meeting of the Board of Directors
The Board of Directors decided to establish an Audit committee.
In Kempele,
BOARD OF DIRECTORS
https://news.cision.com/lehto-group-oyj/r/lehto-group-plc--resolutions-of-lehto-group-plc-s-annual-general-meeting-2021-and-the-organizing-mee,c3356383
(c) 2021 Cision. All rights reserved., source