Shareholders’ Nomination Board’s proposals regarding the composition and remuneration of the Board of Directors of
Verkkokauppa.com Oyj’s Shareholders’ Nomination Board will propose to the Annual General Meeting, planned to be held on
Proposed to be re-elected as members:
Proposed to be elected as new members:
Of the current members, Christoffer Häggblom, Mikko Kärkkäinen and Frida Ridderstolpe have informed that they are not available for re-election to the Board.
The Chairperson of the Board will be elected by the members of the Board from amongst themselves. The nominees to the Board have indicated to the Shareholders’ Nomination Board that if elected, they will elect
All nominees have given their consent to the election. All nominees are deemed independent of the company and its major shareholders except for Samuli Seppälä.
The annual fee to be paid to the members of the Board to be elected at the Annual General Meeting for the term of office ending at the close of the Annual General Meeting in 2024 is proposed by the Nomination board to be as follows:
EUR 70,000 for the Chairperson of the Board of Directors, andEUR 35,000 for each member of the Board of Directors.
The proposed annual fee and the fees for Committee work correspond to the current remuneration.
The Shareholders’ Nomination Board further proposes that 50 % of the annual fee be paid in
If the shares due in any such instalment cannot be purchased or transferred within the time period indicated above due to legal or other regulatory restrictions or due to reasons related to a Board member, the amount of annual remuneration due for payment in such instalment is proposed to be paid fully in cash.
The annual fees payable to members of the committees of the Board of Directors for the term of office ending at the close of the Annual General Meeting in 2024 are proposed to be the following:
EUR 12,000 for the Chairperson of the Audit Committee,EUR 10,000 for the Vice Chairperson of the Audit Committee,EUR 6,000 for each member of the Audit Committee,EUR 8,000 for the Chairperson of the Remuneration Committee, andEUR 4,000 for each member of the Remuneration Committee.
The fees of the committees are proposed to be paid in cash. It is additionally proposed that the members of the Board shall be compensated for reasonable accrued travel and lodging expenses as well as other potential costs related to Board and Committee work.
The Shareholders’ Nomination Board consists of three members, which represent the Company’s three largest registered shareholders of the company based on the ownership as of 31 May annually. The Chair of the Board acts as an expert member. The following members were appointed to Verkkokauppa.com Oyj’s Shareholders’ Nomination Board in
Biographical details of the new proposed Board members are available as an attachment to this release and at https://investors.verkkokauppa.com/en/general-meetings.
For more information, please contact:
Erkka Kohonen
Chairperson of the Shareholders’ Nomination Board
erkka.kohonen@varma.fi
Tel. +358 10 309 5555
Chairperson of the Board of Directors
arja.talma@boardman.fi
Tel. +358 10 309 5555
Marja Mäkinen, Head of Investor Relations and Corporate Communications
marja.makinen@verkkokauppa.com
Tel. +358 40 671 2999
Distribution:
Nasdaq
Main media
www.verkkokauppa.com
Attachments
- VERK - CV_Bade_ENG
- VERK - CV_Pankakoski_ENG
- VERK - CV_Riikonen_ENG
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