Decisions taken by Suominen’s Annual General Meeting and the Board of Directors
24 March 2022 - 10:45PM
Decisions taken by Suominen’s Annual General Meeting and the Board
of Directors
Suominen Corporation’s Stock Exchange Release on
March 24, 2022 at 1:45 p.m. (EET)
The Annual General Meeting (AGM) of Suominen
Corporation was held today on March 24, 2022 in Helsinki, Finland.
In order to prevent the spread of the COVID-19 pandemic, the AGM
was held without shareholders' and their proxy representatives'
presence at the meeting venue. The shareholders of the company
participated in the meeting and exercised their shareholder rights
by voting in advance.
The AGM adopted the Financial Statements for 2021
and discharged the members of the Board of Directors and the
President and CEO from liability for the 2021 financial year. The
AGM approved the Remuneration Report 2021 for the governing bodies
and the Board of Directors' proposals concerning the authorization
for the Board to decide on repurchasing of the company's shares as
well as issuance of shares and granting of options and other
special rights entitling to shares.Resolutions on the use
of the profit shown on the balance sheetThe AGM decided,
in accordance with the proposal by the Board of Directors, that a
dividend of EUR 0.20 per share will be paid. The record date for
the payment of the dividend is March 28, 2022 and the
dividend shall be paid on April 7, 2022.Resolution on
the remuneration of the members of the Board of
DirectorsThe AGM confirmed the remuneration of the Board
of Directors. The Chair will be paid an annual fee of EUR 70,000
and the Deputy Chair and other Board members an annual fee of EUR
33,000. Chair of the Audit Committee will be paid an additional fee
of EUR 10,000. Further, the members of the Board will receive
a fee for each Board and Committee meeting as follows: EUR 500 for
each meeting held in the home country of the respective member, EUR
1,000 for each meeting held elsewhere than in the home country of
the respective member and EUR 500 for each meeting held as
telephone conference.
75% of the annual fee is paid in cash and 25% in
Suominen Corporation’s shares. The shares will be transferred out
of the own shares held by the company by the decision of the Board
of Directors within two weeks from the date on which the interim
report of January-March 2022 of the company is published.
Compensation for expenses is paid in accordance
with the company's valid travel policy.Composition of the
Board of DirectorsThe AGM decided that the number of Board
members remains unchanged at six (6). Mr. Andreas Ahlström, Mr.
Björn Borgman, Mr. Jaakko Eskola, Ms. Nina Linander and Ms. Laura
Raitio were re-elected as members of the Board. Aaron Barsness was
elected as a new member of the Board.
Jaakko Eskola was re-elected as the Chair of the
Board of Directors.
All elected members are independent of the company.
They are also independent of Suominen’s significant shareholders,
with the exception of Andreas Ahlström who acts currently as
Investment Director at Ahlström Capital Oy. The largest shareholder
of Suominen Corporation, Ahlstrom Capital B.V., is a group company
of Ahlström Capital Oy. Election of auditor and auditor’s
feeErnst & Young Oy, Authorized Public Accountant
firm, was re-elected as the auditor of the company for the next
term of office in accordance with the Articles of Association.
Ernst & Young Oy has announced that it will appoint Mr. Toni
Halonen, Authorized Public Accountant, as the principally
responsible auditor of the company. Auditor’s fee was resolved to
be paid according to the invoice approved by the company.
The minutes of the Annual
General Meeting
The minutes of the Meeting will be available on the
company’s website on April 7, 2022, at the latest.The
organizing meeting of the Board of DirectorsIn its
organizing meeting held after the AGM, the Board of Directors
re-elected Andreas Ahlström as Deputy Chair of the Board.The Board
elected from among its members the members for the Audit Committee
and Personnel and Remuneration Committee. Nina Linander was
re-elected as the Chair of the Audit Committee and Andreas Ahlström
and Laura Raitio were re-elected as members. Jaakko Eskola was
re-elected as the Chair of the Personnel and Remuneration
Committee, Björn Borgman was re-elected as member, and Aaron
Barsness was elected as new member. SUOMINEN CORPORATIONFor more
information: Klaus Korhonen, SVP, HR & Legal, tel. +358
10 214 3070Suominen manufactures nonwovens as roll goods
for wipes and other applications. Our vision is to be the
frontrunner for nonwovens innovation and sustainability. The end
products made of Suominen’s nonwovens are present in
people’s daily life worldwide. Suominen’s net sales in
2021 were EUR 443.2 million and we
have over 700 professionals working
in Europe and in
the Americas. Suominen’s shares are listed on Nasdaq
Helsinki. Read more at www.suominen.fi.
Distribution:Nasdaq Helsinki Main
mediawww.suominen.fi
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