TECHNOPOLIS PLC STOCK EXCHANGE RELEASE January 31, 2013 at 9.00 a.m.
Shareholders’ Nomination Board’s Proposals to the Annual General Meeting
The Shareholders’ Nomination Board established by the General Meeting of Technopolis Plc in March 27, 2012, proposes the following to the General Meeting of March 27, 2013:
Resolution on the remuneration of the members of the Board of Directors
The shareholders’ Nomination Board proposes to the General Meeting that duly elected members of the Board of Directors be paid the following annual remuneration for the term of office expiring at the end of the next Annual General Meeting:
to the Chairman of the Board of Directors EUR 50,000,
to the Vice Chairman of the Board of Directors EUR 30,000, and
to the other members of the Board of Directors EUR 25,000 each.
The annual remuneration is paid on the condition that the Board member commits to using 50% of his or her annual remuneration to acquire Technopolis Plc shares on the market at the price determined in public trading. The shares are to be acquired within three weeks of the publication of the Interim Report for the period 1 January - 31 March, 2013. If the shares cannot be acquired due to insider regulations during the before mentioned time period, the shares shall be acquired outright once it is possible in accordance with the insider regulations in force at that time. Board members are not allowed to transfer the shares obtained as annual remuneration before their membership in the Board has ended. Long-term and increasing shareholding by Board members is in the interests of all shareholders.
The Nomination Board further proposes that for participation in the meetings of the Board of Directors each member of the Board of Directors shall, in addition to the annual remuneration, be paid a fee of EUR 600 and the Chairman of the Board of Directors a fee of EUR 1,200 for each Board meeting, and the chairmen of the committees a fee of EUR 800 and each member of the committees a fee of EUR 600 for each meeting of the committees, and that the travel expenses of the members of the Board of Directors and the members of the committees shall be compensated in accordance with the company’s travel policy.
Resolution on the number of members of the Board of Directors
The Nomination Board proposes to the General Meeting that the Board of Directors shall comprise six (6) members.
Election of the Chairman, Vice Chairman and members of the Board of Directors
The Nomination Board proposes to the General Meeting that the following individuals be re-elected members of the Board of Directors for a term of office ending at the end of the next Annual General Meeting:
Mr. Carl-Johan Granvik,
Mr. Pekka Korhonen,
Mr. Matti Pennanen and
Mr. Timo Ritakallio.
The Nomination Board proposes the following individuals to be elected as new members of the Board of Directors for the same term of office
Ms. Sari Aitokallio and
Mr. Jorma Haapamäki
Ms. Sari Aitokallio, LL.M (trained on the bench), born in 1960, serves currently Metso Plc. as the Chief Financial Officer and Administrator of the automation segment with responsibility for financial administration and legal affairs. Previously she has served as the Chief Financial Officer of the real estate investment company Sponda Plc. with responsibility for the company’s finances, funding, administration and investor relationships as the member of the company’s Management Team. In addition, she has served a long career in Valmet and Metso consolidated corporation where she held various financial administration positions in Finland, Austria and UK. She has positions of trust as a member of the Board of Directors of SOS Children’s Village registered association and of the Estonian company AS Pro Kapital Grupp.
Mr. Jorma Haapamäki, M.Sc.(Civil Engineering), born in 1948, is a real estate and building trade specialist. He was SRV Plc’s founding partner, director and member of the Board of Directors with responsibility for inter alia town planning, development and providing of real estate and project development services as well as key customer relationships in addition to serving as a Board Member. Previously he has served Perusyhtymä Ltd. as the Department Head and the city of Vantaa as the Project and Traffic Planning Manager. He has had several positions of trust and at present he is a member of the Board of Directors of VVT Kiinteistösijoitus Ltd. and Hotelli Katajanokka Ltd. In addition to these positions of trust, he has served inter alia as the Chairman of the Board of Directors of Finnish Association of Civil Engineers registered association and as a member of the Board of Directors of Destia Ltd., Renor Ltd. and Helsinki Region Chamber of Commerce registered association
Furthermore, the Nomination Board proposes that Mr. Carl-Johan Granvik be elected as the Chairman of the Board of Directors and Mr. Matti Pennanen as the Vice Chairman for the same term of office.
The information essential to the Board work of all proposed individuals is presented on the company’s website www.technopolis.fi
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Technopolis Plc is a listed real estate company that specializes in leasing space and providing services. Its core business idea is to combine business support services with modern, flexible, multi-user business environments. There are approximately 22,000 people and almost 1,400 companies and organizations in Technopolis premises in Finland, Russia, and Estonia. The company’s net sales for 2011 totaled EUR 92.8 million, and its EBITDA was EUR 47.5 million. The Technopolis Plc share (TPS1V) is listed on NASDAQ OMX Helsinki.