Decisions by the Annual General Meeting of Apetit Plc
Apetit Plc, Stock exchange release, 13 April 2023 at 5:15 p.m.
Decisions by the Annual General Meeting of Apetit Plc
Apetit Plc’s Annual General Meeting was held on 13 April 2023 in Säkylä. At the beginning of the meeting 2,719 shareholders representing 4,269,804 shares and votes were represented at the meeting.
The Annual General Meeting approved the parent company's and consolidated financial statements for the financial year 1 January - 31 December 2022 and discharged the members of the Supervisory Board and the Board of Directors and the CEO from liability.
The Annual General Meeting decided to adopt the Remuneration Report for 2022 for the governing bodies. According to the Companies Act, the decision is advisory. The Remuneration Report is available on the company’s website at apetit.fi/en/corporate-governance/remuneration/.
DIVIDEND
The Annual General Meeting decided according to the Board of Director’s proposal that a dividend of EUR 0.50 per share will be paid for the financial year 2022. The dividend will be paid to shareholders who are registered in the company’s share-holder register maintained by Euroclear Finland Ltd on the record date of 17 April 2023. The dividend is paid 25 April 2023. No dividend will be paid on shares held by the company.
THE NUMBER OF THE MEMBERS OF THE SUPERVISORY BOARD, THE ELECTION OF THE MEMBERS OF THE SUPERVISORY BOARD AND THE MEMBERS OF THE SUPERVISORY BOARD'S NOMINATION COMMITTEE AND REMUNERATION
The Annual General Meeting voted of the number of the members of the Supervisory Board. The Annual General Meeting decided that the Supervisory Board will have 16 members elected by the Annual General Meeting.
5 persons were appointed as re-elected to replace members of the Supervisory Board completing their term and 2 persons were elected as new members. Jaakko Halkilahti, Maisa Mikola, Petri Rakkolainen, Olli Saaristo and Mauno Ylinen were re-elected to the Supervisory Board. Juha Junnila and Samu Pere were elected as a new members to the Supervisory Board.
According to the shareholders’ proposal Henrika Vikman was re-elected as the member of the Supervisory Board's Nomination Committee and Nicolas Berner was elected as a new member of the Supervisory Board's Nomination Committee.
The Annual General Meeting decided according to the shareholders’ proposal that the monthly fee paid to the Supervisory Board’s chairman is EUR 1,000, and to the deputy chairman EUR 665. The meeting allowance paid to the members of the Supervisory Board and the members of the Supervisory Board´s Nomination Committee is EUR 300. In addition, compensation for travelling expenses are paid in accordance with the general travel rules of Apetit Plc.
THE ELECTION OF THE AUDITORS AND REMUNERATION
According to the Board of Director’s proposal two auditors were elected for the company. According to the Board of Director’s proposal Ernst & Young Oy, authorized public accountants, with Erika Grönlund, APA as the auditor with principal responsibility and Osmo Valovirta, APA were re-elected as auditors. The auditors were elected until the end of the 2024 Annual General Meeting.
The auditors’ fees are paid according to an invoice approved by the company.
AUTHORIZING THE BOARD OF DIRECTORS TO DECIDE ON THE REPURCHASE OF COMPANY’S OWN SHARES
According to the Board of Director’s proposal the Annual General Meeting decided to authorize the Board of Directors to decide on the repurchase of a maximum of 80,000 (eighty thousand) of the company’s own shares using the unrestricted equity of the company representing about 1,27 per cent of all the shares in the company. The authorization includes the right to accept company’s own shares as a pledge.
The authorization is valid until the closing of the Annual General Meeting 2024, however no longer than until 31 May 2024. The authorization replaces the earlier authorization for repurchasing the Company’s shares given on 5 May 2022.
The minutes of the Annual General Meeting will be available on the company’s website, apetit.fi/en, on 27 April 2023 at the latest.
Apetit Plc
For further information, please contact:
CFO Susanna Tevä
firstname.lastname (a) apetit.fi
Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier and produce high-quality vegetable oils and rapeseed expellers for feeding stuff. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2022, Apetit Group's net sales were EUR 182 million.