Proposals by Pihlajalinna Plc’s Shareholders' Nomination Board to the Annual General Meeting 2018

Shareholders'Pihlajalinna Plc                 Stock Exchange Release                    1 February 2018 at 18:10

Proposals by Pihlajalinna Plc’s Shareholders' Nomination Board to the Annual General Meeting 2018

Pihlajalinna Plc’s Shareholders' Nomination Board has submitted its proposals to the company’s Board of Directors, to be presented to the Annual General Meeting of 2018.

The number of members and composition of the Board of Directors

The Nomination Board proposes to the Annual General Meeting of Pihlajalinna Plc, scheduled to be held on 5 April 2018, that the number of the members of the Board be confirmed to be seven.

The Nomination Board proposes that Timo Everi, Leena Niemistö, Jari Sundström, Seija Turunen ja Mikko Wirén, currently members of the Board of Directors, be re-elected as members of the Board of Directors.

Jari Eklund has notified that he is no longer available for re-election. The Nomination Board proposes that Matti Bergendahl and Kati Sulin be elected as new members of the Board.

Matti Bergendahl (b. 1966, PhD, Doc., Specialist, MBA) is CEO of Realia Group. Realia Group provides real estate management and real estate brokerage services in Nordic and Baltic countries. He has previously worked as the CEO of Nordic social services and healthcare group Ambea 2010–12 and as the CEO of healthcare company Mehiläinen in 2005–2011 and 2012–2014. Bergendahl is a member of the Board of Directors at LocalTapiola Mutual Insurance Company and Chairman of the Board of Directors at Merivaara Oy.

Kati Sulin (b. 1974, Master of Arts) acts as DNA Plc’s Chief Digital Officer (CDO). DNA is a telecommunications group providing voice, data and TV services. She has previously worked among others as the CEO of Head Office Finland and as VP, Online and Media of Fazer. Sulin is a member of the Board of Directors at LocalTapiola Mutual Life Insurance Company and Kalevala Koru, among others.

The personal details of the current members of the Board and information on their positions of trust can be found on the company investor website at investors.pihlajalinna.fi/corporate-governance/board-of-directors.

The Nomination Board proposes that the Annual General Meeting elects Mikko Wirén as the Chairman of the Board and Matti Bergendahl as Vice-Chairman.

Remuneration of the Board of Directors

The Shareholders’ Nomination Board proposes that the remuneration of the Board of Directors be kept unchanged, and that the following annual remuneration be paid to the members of the Board of Directors to be elected at the Annual General Meeting for the term of office ending at the close of the Annual General Meeting 2019: to the full-time Chairman of the Board of Directors EUR 250,000 per year; to the Vice-Chairman EUR 48,000 per year, and to members EUR 24,000 per year.

Additionally, the Nomination Board proposes that each Member of the Board will be paid EUR 500 per meeting of the Board and of a Committee. In addition, reasonable travelling expenses would be paid according to the Company travel rules.

The above-mentioned proposals will also be included in the notice of the Annual General Meeting, to be published at a later date.

Pihlajalinna’s Shareholders' Nomination Board consists of the following persons: Chairman Erkki Moisander (LocalTapiola General Mutual Insurance Company), Mikko Wirén (MWW Yhtiö Oy), Minna Kohmo (LocalTapiola Mutual Life Insurance Company) and Hanna Hiidenpalo (Elo Mutual Pension Insurance Company).

Pihlajalinna Plc

Joni Aaltonen
CEO

Further information:
Erkki Moisander, Chairman of the Shareholders’ Nomination Board, +358 400 670 645
Siri Markula, Head of Communications and IR, +358 40 743 2177, siri.markula@pihlajalinna.fi

Distribution:
Nasdaq Helsinki
Major media
investors.pihlajalinna.fi

Pihlajalinna in brief
Pihlajalinna is one of the leading private social and healthcare services providers in Finland. The company serves private individuals, businesses, insurance companies and public sector entities, such as municipalities and joint municipal authorities. In its private clinics and hospitals Pihlajalinna provides general practitioner services, specialised care, emergency and on-call services, a wide range of surgical services, occupational healthcare and dental care. In addition, the company offers innovative social and healthcare service provision models to public sector entities.

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