Tokmanni Group Corporation Stock exchange release
Dividend payment
The general meeting approved the proposal to pay a dividend
Board remuneration and composition
The general meeting approved the proposal that the Chairman of the Board of Directors will be paid
The Chairman and the members of the Board of Directors will be paid an attendance fee per each meeting of the Board of Directors as follows:
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In addition, the Chairman of the
The annual remuneration of the members of the Board of Directors is paid in company shares and in cash so that approximately 40% of the annual fee is paid in the company shares and the rest is paid in cash. The company will pay any costs and transfer tax related to the purchase of the company shares. The shares purchased for the Board member cannot be transferred until 3 years have passed from the date of purchase or before the Board member's membership in the Board has ended, whichever is earlier.
Board members' meeting fees and the Chairman of the
The general meeting decided the number of Board members to be six. The meeting elected
Remuneration and selections of the auditor
The general meeting decided that the auditor is paid remuneration in accordance with a reasonable invoice. The authorised public accountants
Authorising the Board of Directors to decide on the repurchase of the company's own shares
The Annual General Meeting decided to authorise the Board of Directors to decide on repurchase or accepting as pledge, using the company's non-restricted equity, a maximum of 2.943.000 own shares, which corresponds to approximately 5% of the company's total shares at the time of convening the meeting. The repurchase may take place in one or more tranches.
The shares shall be repurchased in a proportion other than the shareholders' current shareholdings in the company in public trading arranged by
The company may repurchase the shares to execute its incentive program or corporate acquisitions or other business arrangements or investments related to the company's operations, to improve its capital structure, or to be otherwise further transferred, retained by the company or cancelled.
The authorisation include the right for the Board of Directors to decide on all other matters related to the repurchase of shares. The authorisation is effective until the Annual General Meeting held in 2021, yet no further than until
The minutes of the meeting will be available on
Decisions taken in the constitutive meeting of the Board of Directors
At its constitutive meeting following the annual general meeting, the Board resolved to elect as members of the
Mäntsälä
Board of Directors
For more information
Distribution
Nasdaq Helsinki
Key Media
https://news.cision.com/tokmanni-group-oyj/r/decisions-taken-by-tokmanni-group-corporation-s-agm-and-the-constitutive-meeting-of-the-board-of-dir,c3106334
https://mb.cision.com/Main/16556/3106334/1243709.pdf
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