The Annual General Meeting (AGM) of
Use of the profits shown on the balance sheet and payment of dividend
In accordance with the proposal of the Board of Directors, the AGM resolved that no dividend be paid based on the balance sheet adopted for the year 2021.
Remuneration of the Board of Directors
In accordance with the proposal of the Shareholders' Nomination Board, the AGM resolved that the following annual remuneration shall be paid to the members of the Board of Directors:
Chairperson
Vice Chairperson
Chairpersons of the Audit Committee and the People and
other members 30,300 euros.
The AGM resolved that each member's fee for a meeting of the Board of Directors or its Committee is
The Board members shall be reimbursed for reasonable travel and representation expenses in accordance with the company's general expenses policy. In addition, the Board members and their spouses will have a limited right to discounted travel on the company's flights in accordance with the company's discount ticket policy regarding the Board of Directors.
Composition of the Board of Directors
The AGM resolved in accordance with the proposal of the Shareholders' Nomination Board that the Board of Directors be composed of eight (8) members.
Election of the auditors and their remuneration
The AGM resolved in accordance with the proposal of the Board of Directors that
Authorising the Board of Directors to decide on the repurchase and/or on the acceptance as pledge of the company's own shares
The AGM authorised the Board of Directors to decide on the repurchase of the company's own shares and/or on the acceptance as pledge of the company's own shares as follows:
The number of own shares to be repurchased and/or accepted as pledge shall not exceed 50,000,000 shares, which corresponds to approximately 3.6 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 decides how own shares will be repurchased and/or accepted as pledge. 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).
Own shares may be repurchased and/or accepted as pledge in order to, inter alia, develop the capital structure of Finnair, to finance or carry out acquisitions, investments or other business transactions, or in order to use the shares as part of Finnair's incentive and remuneration schemes.
The authorisation is effective for a period of 18 months from the resolution of the General Meeting and it cancels the authorisation given by the General Meeting on
Authorising the Board of Directors to decide on the issuance of shares
The AGM authorised the Board of Directors to decide on the issuance of shares as follows:
The number of shares to be issued based on the authorisation shall not exceed 8,000,000 shares, which corresponds to approximately 0.6 per cent of all the shares in the company. The Board of Directors decides on all the conditions of the issuance of shares, including to whom, at what price and in which manner the shares are issued. The authorisation concerns both the issuance of new shares as well as the transfer of treasury shares. The issuance may also be carried out in deviation from the shareholders' pre-emptive rights (directed issue), such as using the shares to develop the company's capital structure, to finance or carry out acquisitions, investments or other business transactions, or in order to use the shares as part of Finnair's incentive and remuneration schemes.
The authorization is effective for a period of 18 months from the resolution of the General Meeting and it cancels the authorisation given by the General Meeting on
Authorising the Board of Directors to decide on donations for public-benefit purposes
The AGM authorized the Board of Directors to decide on donations up to an aggregate maximum of
Minutes of the Meeting
The minutes of the AGM will be available on the Company's website investors.finnair.com/en on
Further information:
Finnair communications, 358 9 818 4020, comms@finnair.com
Distribution:
NASDAQ OMX Helsinki
Principal media
Finnair is a network airline, specialising in connecting passenger and cargo traffic between
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