YIT Corporation Nomination Board composition
YIT Corporation Stock exchange release February 5, 2018 at 5:00 p.m.
The merger between YIT Corporation and Lemminkäinen Corporation was completed on February 1, 2018. YIT’s Extraordinary General Meeting, which approved the merger on September 12, 2017, resolved that, in deviation from the current standing order of the YIT Shareholders' Nomination Board, the right to nominate members to the Nomination Board shall rest with the three largest shareholders who are registered in the shareholders' register on the registration date of the execution of the merger. According to the mentioned standing order, a shareholder group can agree on appointing a joint representative to the Nomination Board. The following shareholders have agreed on appointing a joint representative: PNT Group Oy, Noora Forstén, Fideles Oy, Kristina Pentti-von Walzel, Eva Pentti-Kortman and Kristian Pentti.
YIT’s three largest shareholders on February 1, 2018, in accordance with the shareholder register maintained by Euroclear, including the shareholder group, are the above mentioned shareholder group, Varma Mutual Pension Insurance Company and Onvest Sijoitus Oy. The following person have been nominated as their representatives to YIT’s Nomination Board:
- Juhani Mäkinen, Counsellor of Law, the shareholder group (14.89% of shares and votes)
- Risto Murto, President and CEO, Varma Mutual Pension Insurance Company (7.55% shares and votes)
- Maarit Toivanen-Koivisto, Chair of the Board of Directors, Onvest Oy (4.21% shares and votes)
The Chairman of YIT Corporation’s Board of Directors, Matti Vuoria, serves as an expert member on the Nomination Board. The Nomination Board’s Chairman is Risto Murto.
The Nomination Board prepares the proposals concerning Board members and Board compensation for the following General Meeting, which is planned to be held on March 16, 2018.
For further information, please contact:
Kari Kauniskangas, President and CEO, YIT Corporation, tel. +358 40 570 1313, firstname.lastname@example.org
Hanna Jaakkola, Vice President, Investor Relations, YIT Corporation, tel. +358 40 566 6070, email@example.com
President and CEO
Distribution: Nasdaq Helsinki, major media, www.yitgroup.com
YIT is the largest Finnish and significant North European construction company. We develop and build apartments, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving. Together with our customers our 10,000 professionals are creating more functional, more attractive and more sustainable cities and environments. We work in 11 countries: Finland, Russia, Scandinavia, the Baltic States, the Czech Republic, Slovakia and Poland. The new YIT was born when over 100-year-old YIT Corporation and Lemminkäinen Corporation merged on February 1, 2018. Our combined annual revenue for 2017 was over EUR 3.8 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com