Composition of Betolar Plc’s Shareholders’ Nomination Board
Betolar Plc
Company Release
17 August 2023 at 4:30 PM EEST
Composition of Betolar Plc’s Shareholders’ Nomination Board
The Shareholders’ Nomination Board of Betolar Plc (”Betolar”) consists of four members. The right to appoint members representing the shareholders belongs to the four shareholders who hold the largest share of the votes represented by all shares in the Company on the first working day of August preceding the Annual General Meeting. In addition, the Chairperson of the Board of Directors is an expert member of the Nomination Board.
The representative of the largest shareholder shall be selected as the Chairperson of the Nomination Board, unless the Nomination Board specifically decides otherwise.
The composition of the Shareholders’ Nomination Board of Betolar was determined based on holdings on 1 August 2023. The following members have been nominated to the Shareholders’ Nomination Board:
- Alexander Ehrnrooth, Chairperson of the Shareholders’ Nomination Board, representing shareholder Nidoco AB
- Juha Leppänen, shareholder
- Olli-Pekka Kallasvuo, representing shareholder Ajanta Innovations Oy
- Annika Ekman, representing shareholder Ilmarinen Mutual Pension Insurance Company
In addition, Ilkka Salonen, Chairperson of the Board of Betolar is an expert member of the Nomination Board.
The purpose of the Nomination Board is to annually prepare and present to the Annual General Meeting, and to Extraordinary General Meeting, when necessary, the proposals for the composition of the Board of Directors and for the remuneration. In addition, the Nomination Board has a duty to look for successor candidates for the Board Members and to prepare the Board of Directors’ principles regarding diversity.
The Nomination Board will give its proposal to the Company’s Board of Directors for the 2024 Annual General Meeting latest on 31 January 2024.
Betolar Plc
Further enquiries
Ilkka Salonen, Chairperson of the Board of Director, tel. +358 45 359 4434
Certified Adviser:
Aktia Alexander Corporate Finance Oy, +358 50 520 4098
About Betolar
Betolar Plc is a Finnish materials technology company that offers the production of sustainable and low-carbon concrete with the Geoprime® solution. The solution converts several previously unused, massive industrial by-products into a cement substitute.
Betolar's innovation can significantly reduce CO2 emissions compared to traditional cement-based concrete production by optimizing existing manufacturing processes. Betolar's mission is to reduce CO2 emissions and the use of virgin natural resources in construction.
Betolar was founded in 2016 and is headquartered in Kannonkoski, Finland. For more information, visit www.betolar.com/
