DNA PLC STOCK EXCHANGE RELEASE 18 January 2018 11:30 am (EET)
DNA Shareholders' Nomination Committee has submitted a proposal concerning Board members and their compensation to the DNA Plc Annual General Meeting to be held on 22 March 2018.
Number of members on the Board of Directors
The Shareholders' Nomination Committee proposes to the Annual General Meeting that the number of members on the Board of Directors is seven.
Composition of the Board of Directors
The Shareholders' Nomination Committee proposes to the Annual General Meeting that the current members of the Board Pertti Korhonen, Anu Nissinen, Tero Ojanperä, Jukka Ottela, Margus Schults, Kirsi Sormunen and Heikki Mäkijärvi be reselected.
The Shareholders Nomination Committee also proposes that Pertti Korhonen continues as the Chairman of the Board of Directors.
Background information on the board members is available on the DNA website at: https://corporate.dna.fi/dna-in-brief#hallitus
Compensation of the Board of Directors
The Shareholders' Nomination Committee proposes that the compensation of the Board of Directors remains unchanged. The Nomination Committee proposes that the Chairman of the Board be paid annual compensation of EUR 144,000 and the members EUR 48,000. It is also proposed that the Board be paid a meeting fee of EUR 1,050 per meeting. Further, it is proposed that the meeting fee for permanent Board Committees is 1,050 for each committee chairman and EUR 525 for each committee member per meeting.
The Nomination Committee recommends that each member of the Board annually spend 40 % of their annual compensation, net of withholding tax, for the purchase of the company's shares until the value of their shareholding corresponds to the gross amount of the annual compensation.
Shareholders' Nomination Committee
The Nomination Committee consists of three members appointed by the shareholders. The members of the Nomination Committee are Tommi Aurejärvi (Chairman, appointed by Finda Telecoms Oy) Seppo Vikström (appointed by PHP Holding Oy) and Esko Torsti (appointed by Ilmarinen Mutual Pension Insurance Company). In addition, the Chairman of DNA's Board of Directors participates in committee work in the capacity of a specialist.
The three shareholders entered in the company's shareholders' register maintained by Euroclear Finland Ltd, whose portion of the votes produced by all the shares in the company according to the shareholders' register are the greatest on 1 September each year, have the right to appoint members representing shareholders.
Further Information:
Tommi Aurejärvi, Chairman of the Shareholders' Nomination Committee, +358 50 1973
Marja Mäkinen, Head of IR, Investor Relations, DNA Plc, +358 44 044 1262, marja.makinen@dna.fi
DNA Plc is a Finnish telecommunications group providing high-quality voice, data and TV services for communication, entertainment and working. DNA is Finland's largest cable operator and the leading pay TV provider in both cable and terrestrial networks. For DNA, the key area for growth in corporate business is the new way of working, independent of time and place, facilitated by smart terminal devices, diverse communications services and rapid connections. In 2016, DNA recorded net sales of EUR 859 million and an operating profit of EUR 91 million. DNA has more than 3.8 million subscriptions in its fixed and mobile communications networks. The Group also includes DNA Store, Finland's largest retail chain selling mobile phones. DNA shares are listed on Nasdaq Helsinki Ltd. For further information, visit www.dna.fi or follow us on Twitter @DNA_fi, @DNA_Business and @DNA_Palvelu and Facebook.