YIT Corporation Stock Exchange Release
Proposals of the Shareholders' Nomination Board to the Annual General Meeting
The Shareholders' Nomination
Number of members of the Board of Directors
The Nomination Board proposes that a Chairman, a Vice Chairman and six (6) ordinary members be elected to the Board of Directors.
Fees of the Chairman, Vice Chairman and members of the Board of Directors
The Nomination Board proposes that the members of the Board of Directors be paid the following fixed annual fees for the term of office ending at the conclusion of the next Annual General Meeting:
· Chairman of the Board:
· Vice Chairman of the Board and Chairmen of the permanent Committees:
· Members:
In addition, the Nomination Board proposes that the award and payment of the fixed annual fee be contingent on the Board members committing to purchasing directly, based on the resolution of the Annual General Meeting,
It is the recommendation of the Nomination Board that members of the Board of Directors not transfer the shares awarded to them as a fixed annual fee until their term on the Board expires.
In the view of the Nomination Board, long-term oriented and increasing share ownership by the members of the Board of Directors benefits all shareholders.
The Nomination Board further proposes that in addition to the fixed annual fee Board and its permanent and temporarily appointed committee member living in
In addition, the Nomination Board proposes that the members of the Shareholders' Nomination Board, including the expert member, be paid a meeting fee of
Proposal for Chairman, Vice Chairman and members of the Board of Directors
The Nomination Board proposes to the Annual General Meeting that
All candidates have consented to being elected and are independent of the company or its major shareholders, except for
Shareholders' Nomination Board
YIT Corporation's General Meeting held on
YIT Corporation's three largest shareholders according to
· Juhani Mäkinen, Counsellor of Law, shareholder group (14.90 % of shares and votes)
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The Chairman of
The Nomination Board shall present and justify its proposals and give an account of its operations to the Annual General Meeting.
The Board of Directors of
For further information, please contact:
Juhani Mäkinen, Chairman of the Nomination Board. tel. + 358 40 500 5177
YIT CORPORATION
Vice President, Investor Relations
Distribution: Nasdaq Helsinki, major media, www.yitgroup.com (https://www.yitgroup.com/en)
YIT is the largest Finnish and a significant North European construction company and urban developer. We develop and build apartments and living services, business premises and entire areas. We are also specialised in demanding infrastructure construction. Together with our customers, our nearly 8,000 professionals are creating more functional, attractive and sustainable cities and living environments. We operate in 10 countries:
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