Purmo Group Plc Shareholders’ Nomination Board provides its proposal to the next Annual General Meeting planned to be held on
Proposal for remuneration of the members of the Board of Directors
The Shareholders’ Nomination Board proposes to the Annual General Meeting that the remuneration would not change and the members of the Board of Directors be paid annual fees as follows:
EUR 92,000 for the Chairman of the Board;EUR 53,000 for the Vice Chairman of the Board;EUR 53,000 for each of the Chairmen of the Board committees; andEUR 48,000 for each ordinary Board member.
The Shareholders’ Nomination Board proposes that approximately 40% of the annual fee be paid in Purmo Group’s class C shares. The Board members are encouraged to keep such shares for the entire duration of their board assignment.
The annual fee shall be paid to the members within two weeks after the release of the first quarter 2023 interim report, or as soon as legally possible. The Company will pay costs and transfer tax that relates to the purchase of Company shares. In case the portion of remuneration cannot be paid in Company shares due to legal or regulatory restrictions or reasons related to the Company or a member of the Board of Directors, the annual remuneration will be paid fully in cash. In case the term of office of a member would prematurely end, the annual fee shall be paid in proportion to the actual length of the term of office.
The Shareholders’ Nomination Board proposes to the Annual General Meeting that, in addition to annual fee, a meeting fee be paid to the members of the Board of Directors for each meeting of the Board and its committees as follows:
EUR 800 per meeting held in the Board member’s country of residence;EUR 1,400 per meeting held outside the Board member’s country of residence but on the same continent as the Board member’s country of residence;EUR 2,600 per meeting held on another continent than the Board member’s country of residence; orEUR 800 per meeting held by telephone or through virtual communication channels.
In addition, it is proposed that an additional meeting fee of
In addition, compensation for reasonable travel, accommodation and other expenses related to the Board of Directors and committee work are to be reimbursed according to the applicable policies of the Company.
The Shareholders’ Nomination Board further proposes that each of the members of the Board of Directors shall have the right to abstain from receiving remuneration.
Proposal for the number of members of the Board of Directors and election of the Board of Directors
The Shareholders’ Nomination Board proposes to the Annual General Meeting that the number of members of the Board of Directors shall be seven (7).
The Shareholders’ Nomination Board proposes that the present members of the Board of Directors
The Shareholders’ Nomination Board proposes that
All members of the Board of Directors are independent of the Company.
The CV’s of all persons proposed as members of the Board of Directors are available on the Company’s website at https://investors.purmogroup.com/governance/board-of-directors/.
Shareholders’ Nomination Board was established on
Further information:
Tel. +358 40 527 1427
Distribution:
Nasdaq Helsinki Ltd
Principal media
investors.purmogroup.com
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