Decisions of Elisa’s Annual General Meeting 2023

ELISA STOCK EXCHANGE RELEASE 5 APRIL 2023 AT 4:30 PM

In accordance with the proposal of the Board of Directors, Elisa’s Annual General Meeting decided to pay a dividend of EUR 2.15 per share based on the adopted financial statements 31 December 2022. The dividend will be paid to the shareholders registered in the company’s share register maintained by Euroclear Finland Ltd on 11 April 2023. The dividend will be paid on 19 April 2023.

The AGM adopted the financial statements for 2022. The members of the Board of Directors and the CEO were discharged from liability for 2022.

The AGM adopted the Remuneration Report for the Company’s governing bodies for 2022

The number of the members of the Board of Directors was confirmed at eight (8). Mr Maher Chebbo, Mr Kim Ignatius, Ms Katariina Kravi, Ms Pia Kåll, Mr Topi Manner, Ms Eva-Lotta Sjöstedt, Mr Anssi Vanjoki and Mr Antti Vasara were re-elected as members of the Board of Directors. Mr Anssi Vanjoki was appointed as the Chair and Ms Katariina Kravi as the Deputy Chair of the Board of Directors.

The AGM decided that the amount of annual remuneration for the members of the Board of Directors be changed. The Chair is paid an annual remuneration of EUR 140,000, the Deputy Chair and the Chairs of the Committees EUR 86,000, and other Board members EUR 71,000. Additionally, EUR 800 per meeting of the Board and of a Committee. However, if a Board member is physically present in the Board or Committee meeting, which is held in a country other than his/her permanent home country, the meeting fee is EUR 1,600.

KPMG Oy Ab, Authorised Public Accountants Organisation, was re-elected as the company’s auditor. APA Toni Aaltonen is the responsible auditor.

The AGM decided on amending the first paragraph of Section 11 of the Articles of Association to allow the General Meeting to also be held remotely without a meeting venue if the Board of Directors so decides, and to change the title of Section 11 to "General Meeting of Shareholders" so that the title would cover not only the Annual General Meetings, but also any Extraordinary General Meetings.

The AGM decided on to authorise the Board of Directors to resolve to repurchase or accept as pledge the company’s own shares. The repurchase may be directed. The amount of shares under this authorisation is 5 million shares at maximum. The authorisation is valid for 18 months from the date of the resolution of the General Meeting.

The AGM decided on to authorise the Board of Directors to pass a resolution concerning the share issue, the right of assignment of treasury shares and/or the granting of special rights referred to in the Companies Act. The authorisation entitles the Board of Directors to execute the issue as directed. The amount of shares under this authorisation is 15 million shares at maximum. The authorisation is valid for 18 months from the date of the resolution of the General Meeting. 

ELISA CORPORATION

Mr. Vesa Sahivirta
IR Director
tel. +358 50 520 5555

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Nasdaq Helsinki
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elisa.com