Aktia Bank plc: Proposal for composition of the Board of Directors of Aktia Bank plc in 2015 and remuneration

Fri, Nov 28, 2014 08:30 CET

Aktia Bank plc
Stock exchange release
28 November 2014 at 9.30 a.m.

Proposal for composition of the Board of Directors of Aktia Bank plc in 2015 and remuneration

The presiding officers of Aktia Bank plc's Board of Supervisor prepare appointments of the Board of Directors of Aktia Bank plc and present a proposal for the remuneration of the members of the Board of Directors for decision by the Board of Supervisors.

The presiding officers propose that the current number of seven members of the Board of Directors be unchanged.

Taking the current composition of the Board of Directors and the company's development stage into consideration, the presiding officers propose that all the present members of the Board, i.e. Sten Eklundh, Hans Frantz, Kjell Hedman, Catharina von Stackelberg-Hammarén, Arja Talma, Dag Wallgren and Nina Wilkman, be re-elected for the calendar year 2015. Further, the present Chair Dag Wallgren is proposed to be appointed as Chair and the present Vice Chair Nina Wilkman as Vice Chair of the Board of Directors. All members of the Board are independent in relation to Aktia Bank plc and significant shareholders.

The presiding officers propose a 10% higher annual remuneration for members of the Board of Directors, following their increased responsibility and restrictions put on members of a Board in a credit institution. Thus the following annual remuneration is proposed:

Chair                                 EUR 58,300 p.a.                   (2014: 53,000)
Vice Chair                         EUR 33,000 p.a.                   (2014: 30,000)
Member                            EUR 25,850 p.a.                    (2014: 23,500)

The total increase in annual remuneration is proposed to be paid in the form of Aktia Bank plc A shares, so that 35% of the annual remuneration is paid in the form of A shares. The remuneration for attended meetings is proposed to remain unchanged, i.e. EUR 500 per attended meeting and EUR 1,000 per committee meeting to committee chairmen.

The Board of Supervisors of Aktia Bank plc convenes on 11 December 2014 to elect the members of the Board of Directors and confirm remuneration for board members in the calendar year 2015.

For more information about the Board of Directors of Aktia Bank plc and remuneration, see www.aktia.com >Corporate Governance.

AKTIA BANK PLC

For more information, please contact:
Håkan Mattlin, Chairman of the Board of Supervisors, tel. +358 500 459 059
Mia Bengts, Group Legal Counsel, tel. +358 10 247 6348

Aktia provides a broad range of products within banking, insurance and real estate agency. Aktia operates in Finland's coastal areas and inland growth areas. Aktia has some 300,000 customers who are served by 1,000 employees at 55 branch offices and via Internet and telephone services. Aktia's shares are listed on NASDAQ OMX Helsinki Ltd. For more information about Aktia, see www.aktia.com