GlobeNewswire by notified

Lassila & Tikanoja’s Shareholders’ Nomination Board submits proposals for the 2023 Annual General Meeting

Share

Stock exchange release
Lassila & Tikanoja plc
11 January 2023 at 10 a.m.

Lassila & Tikanoja’s Shareholders’ Nomination Board submits proposals for the 2023 Annual General Meeting

Lassila & Tikanoja’s Shareholders’ Nomination Board submits the following proposals to the Annual General Meeting to be held on 23 March 2023. The proposals will also be included in the notice of the 2023 Annual General Meeting.

Members of the Board of Directors

The Shareholders’ Nomination Board proposes the Board of Directors to have six (6) members.

The Nomination Board proposes that Teemu Kangas-Kärki, Laura Lares, Sakari Lassila, Jukka Leinonen and Pasi Tolppanen are re-elected to the Board of Directors from among its current members and Anni Ronkainen is elected as a new member. In addition, the Nomination Board proposes that Jukka Leinonen is elected as Chairman of the Board of Directors and Sakari Lassila as Vice Chairman.

Of the current members, Laura Tarkka has announced that she is no longer available for the election of the members of the Board of Directors.

All candidates have given their consent to the election and are independent of the company and its significant shareholders.

A presentation of Anni Ronkainen is available on Lassila & Tikanoja’s website at https://www.lt.fi/en/company/management-and-board-of-directors/board-of-directors. The current members of the Board of Directors are presented on the same page.                                                                                                                

Remuneration paid to the Board of Directors

The Shareholders’ Nomination Board proposes that the remuneration of the members of the Board of Directors remains unchanged and is as follows:

– chairman, EUR 60,000 per year;

– vice-chairman, EUR 40,000 per year; and

– members, EUR 30,000 per year.

It is proposed that the fees be paid so that 40% of the annual fee is paid in Lassila & Tikanoja plc’s shares held by the company or, if this is not feasible, shares acquired from the market, and 60% in cash. Shares are to be issued to Board members and, where necessary, acquired directly from the market on behalf of Board members on the third trading day after the publication of the interim report for the first quarter of 2023.

In addition, it is proposed that the following fees be paid: EUR 1,000 per meeting to the chairman, EUR 700 per meeting to the vice chairman and EUR 500 per meeting to the other members of the Board. In accordance with the proposal, meeting fees will also be paid to the chairman and members of committees established by the Board of Directors as follows: chairman EUR 700 and ordinary members EUR 500.

The Shareholders’ Nomination Board consists of representatives appointed by the company’s three largest shareholders and the Chairman of the Board of Directors of Lassila & Tikanoja plc.

The Shareholders’ Nomination Board has consisted of Patrick Lapveteläinen (Mandatum Life Insurance Company Limited), Juhani Lassila (Evald and Hilda Nissi Foundation), Miikka Maijala (group of shareholders) and Jukka Leinonen (Chairman of the Board of Directors of Lassila & Tikanoja plc).

LASSILA & TIKANOJA PLC

Additional information:
Sirpa Huopalainen, General Counsel, tel. +358 40 5965241

Lassila & Tikanoja is a service company that is putting the circular economy into practice. Together with our customers, we keep materials and properties in productive use for as long as possible and we enhance the use of raw materials and energy. This is to create more value with the circular economy for our customers, personnel and society in a broader sense. Achieving this also means growth in value for our shareholders. Our objective is to continuously grow our actions’ carbon handprint, our positive effect on the climate. We assume our social responsibility by looking after the work ability of our personnel as well as offering jobs to those who are struggling to find employment, for example. With operations in Finland and Sweden, L&T employs 8,171 people. In 2021, the company’s net sales amounted to EUR 812.5 million. L&T is listed on Nasdaq Helsinki.

Distribution:

Nasdaq Helsinki

Major media

www.lt.fi/en

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Irish MedTech Company Medihive Receives €7 Million Investment6.2.2023 17:00:00 CET | Press release

The business is now valued at €62 million following the investment. Medihive includes Ireland's largest online doctor service WebDoctor.ie. The investment will be used to fuel international growth, drive R&D innovation and accelerate healthcare software developments. Medihive will recruit up to 42 key hires across sales, engineering, doctors and marketing departments, adding to the 130 people already working with the company. DUBLIN, Feb. 06, 2023 (GLOBE NEWSWIRE) -- Medihive, Ireland's award-winning health technology platform, which includes Webdoctor.ie, has secured an investment from ResMed, an international leader in digital health and cloud-connected medical device innovation, as well as existing shareholders including VentureWave Capital. The investment now values the business at €62 million. Medihive is a software company built to transform medical processes that don't work so patients can benefit from healthcare that does work. The business provides sophisticated software and c

Icelandair: Traffic Data January 20236.2.2023 16:59:28 CET | Press release

In January 2023, Icelandair’s passengers were 210 thousand, compared to 113 thousand in January last year. Capacity in January was 93% of January 2020 levels, the last normal operating January before the pandemic, and 79% of 2019 levels. Passengers on international flights were 191 thousand, compared to 102 thousand in January 2022, an increase of 88%. Passengers to Iceland were 75 thousand and from Iceland 47 thousand. Via passengers were around 69 thousand. On-time performance on international flights was 75%. On time performance and passenger numbers were affected by weather related disruptions in January. The load factor on international flights improved significantly from 59.5% in January 2022 to 74.6% in January this year. Passengers on domestic flights were 18,500, compared to around 12 thousand in January 2022. On time performance was 84%. Load factor on domestic flights was 72.4%. Weather in Iceland caused disruption in the domestic network in January, affecting on time perfor

Acronis builds on partner momentum with Alex Ruslyakov named a 2023 CRN Channel Chief6.2.2023 16:05:00 CET | Press release

Acronis #CyberFit Partner Program kicks off 2023 with new innovations to fuel rapid growth and global expansion BURLINGTON, Mass., Feb. 06, 2023 (GLOBE NEWSWIRE) -- Today, Acronis is honored to announce that CRN®, a brand of The Channel Company, has again recognized Alex Ruslyakov on its 2023 Channel Chiefs list. Acronis’ partner programs have seen tremendous growth over the past year, and Ruslyakov's spot on this year’s list further signifies the program's continued momentum. Acronis has focused heavily on improving partner services and programs over the last year. In 2022, more than 3,500 new service providers joined Acronis’ #CyberFit Partner Program – consisting of service providers, resellers, developers and ISVs, OEM, and affiliate partners. This large number of new registrants is a testament to Ruslyakov's leadership, partner-first approach, and his team's effectiveness in helping MSPs accelerate their business growth with robust sales, marketing, and technical support day in an

Floatgen achieves continuous capacity factor of nearly 60%6.2.2023 16:03:30 CET | Press release

BW Ideol is pleased to announce continuously strong operational results from its 5-year-old Floatgen demonstrator, showing a capacity factor of nearly 60% over the last three months and a production of 25GWh since its 2018 commissioning. France’s first and only floating wind turbine continues to prove its reliable performance capabilities and delivered an average capacity factor of 59.2% over a 3-month period ranging from November 2022 to January 2023. The 25 GWh-milestone was reached just after the major Atlantic storm Gerard in late January. The Floatgen turbine, mounted on BW Ideol’s patented Damping Pool® foundation, handled wind speeds up to 37.30 metres per second (equivalent to 134 km/h) and up to 5.5 metres of significant wave height (equivalent to around 10.5 meters maximum wave height). “Floatgen – one of the few floating wind turbines currently in operation across the globe – continues to deliver outstanding results in terms of reliability, efficiency and production. It keep

World Youth Forum Launches Large Package of Development Initiatives and Projects6.2.2023 16:01:23 CET | Press release

The World Youth Forum announced that this year's sponsorship revenues will support initiatives that contribute to development and increase the quality of life for citizens. Sponsorship revenues will go to supporting entrepreneurship, food security, empowering youths, migrants, mental health and voluntarism. The projects will be implemented in cooperation with leading international organizations and with WYF National and international partners. CAIRO, Feb. 06, 2023 (GLOBE NEWSWIRE) -- Dr. Rascha Ragheb, the executive director of the World Youth Forum, announced that the fifth edition of the WYF will not be launched in its traditional annual format due to the recent successive global crises and their humanitarian and economic repercussions. Instead, the proceeds from sponsorship revenues will be directed towards implementing a large package of development initiatives and programs that have a direct impact on citizens and young people, both in Egypt and the world, in cooperation with the