General Meeting

According to the Companies Act, the shareholders exercise their power of decision in Company affairs at the General Meeting.

In the Annual General Meeting the shareholders decide, among other things, on the confirmation of the financial report and the consolidated financial report, how to use the profit indicated by the balance sheet, discharge from liability for the Board members and the Managing Director, and the selection of the members of the Board of Directors and auditors and their compensation.

The company’s Annual General Meeting must be arranged annually on the date prescribed by the Board of Directors, within six months of the end of the financial year. An Extraordinary General Meeting must be arranged to handle special issues called by the Board of Directors and when the company auditors or shareholders that jointly represent at least one-tenth of all issued shares demand so in writing.

Participation in the General Meeting

According to the Articles of Association, the notice to convene a General Meeting must be delivered to the shareholders no earlier than two months and no later than 17 days before the Annual General Meeting date, by publishing the notice to convene at least in one national newspaper prescribed by the General Meeting or by letters mailed to the shareholders’ addresses registered in the company’s list of shareholders.

All shareholders registered 10 days in advance of the meeting in the company’s register of shareholders maintained by the Finnish Central Securities Depository Ltd (“APK”) or holders of nominee-registered shares temporarily registered in the company’s register of shareholders on said day, and registered for the General Meeting as specified in the notice of meeting, are entitled to attend the General Meeting.

No specific number of attendees is required for quorum at the General Meeting, according to the Finnish Companies Act or the Articles of Association. Shareholders can partake in the General Meeting and use their right to vote either personally or through an authorized agent. Each share entitles the holder to one vote at the General Meeting.