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Proposals of the Shareholders’ Nomination Board of Kojamo plc to the Annual General Meeting

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Kojamo plc Stock Exchange Release, 18 December 2023 at 3:00 p.m. EET

Proposals of the Shareholders’ Nomination Board of Kojamo plc to the Annual General Meeting

The Shareholders’ Nomination Board of Kojamo plc presents the following proposals to the Annual General Meeting of Kojamo plc planned to be held on 14 March 2024. The proposals will also be included in the notice convening the Annual General Meeting 2024.

Proposal of the number of members, the chairman and the members of the Board of Directors

The Shareholders’ Nomination Board proposes that for the term ending at the close of the Annual General Meeting in 2025, the number of the members of the Board of Directors to remain the same and to be seven (7). The Nomination Board proposes Mikael Aro to be elected as Chairman of the Board, and of the current members Kari Kauniskangas, Anne Leskelä, Mikko Mursula, Annica Ånäs and Andreas Segal, and as a new member Veronica Lindholm to be elected as members of the Board of Directors. Presentation of the proposed new member of the Board is attached to this stock exchange release.

Catharina Stackelberg-Hammarén has informed the company that she will not be available for re-election in the Annual General Meeting of 2024. She served in the Board since 2021. “I would like to thank Catharina for the valuable contribution that she brought to Kojamo’s Board work”, says Chairman of the Nomination Board Christian Fladeland.

All candidates have consented to being elected and are independent of the company. The members are also independent of the company’s major shareholders.

The members of the Board are presented on Kojamo’s website: https://kojamo.fi/en/investors/corporate-governance/board/

Proposal of the fees of the Chairman, Vice Chairman and the members of the Board

The Shareholders’ Nomination Board proposes that the members of the Board will be paid the following annual fees for the term ending at the conclusion of the Annual General Meeting in 2025:

  • Chairman of the Board EUR 74,000
  • Vice Chairman of the Board EUR 44,000
  • other members of the Board EUR 37,000
  • Chairmen of the Committees EUR 44,000.

The members of the Board are paid only one annual fee according to their role so that no overlapping fees will be paid. In addition, the Nomination Board proposes that an attendance allowance of EUR 700 be paid for each meeting and an attendance allowance of EUR 700 be paid for Committee meetings as well. For the members of the Board or the members of the Committees who reside abroad and do not have a permanent address in Finland, the attendance allowance will be multiplied by two (EUR 1,400) if attending the meeting requires travelling to Finland.

The Nomination Board proposes the annual fee to be paid as company’s shares and cash so that approximately 40 per cent of the annual fee will be paid as Kojamo plc’s shares and the rest will be paid in cash. The shares will be purchased directly on behalf of the members of the Board. The company is responsible for the costs arising from the acquisition of the company shares. The shares in question can’t be transferred earlier than two years from the transaction or before the term of the member of the Board has ended, depending which date is earlier. The shares shall be purchased within two weeks of the publication of Kojamo plc’s Interim Report for 1 January – 31 March 2024.

The Shareholders’ Nomination Board

Kojamo plc’s Extraordinary General Meeting established 25 May 2018 a permanent Shareholders’ Nomination Board to prepare future proposals concerning the election and remuneration of the members of the Board of Directors and remuneration of the members of the Committees of the Board of Directors to the next Annual General Meetings and, if needed, to Extraordinary General Meetings.

The Shareholders’ Nomination Board comprises representatives nominated by the three largest shareholders of the Company and the Chairman of the Board of Directors as an expert member. The Chairman of the Board of Directors shall not take part in the decision-making of the Shareholders’ Nomination Board.

The members of the Kojamo Shareholders’ Nomination Board of Kojamo plc are:

  • Christian Fladeland, Deputy CEO and CIO, Heimstaden AB (Chairman)
  • Jouko Pölönen, President and CEO, Ilmarinen Mutual Pension Insurance Company
  • Risto Murto, President and CEO, Varma Mutual Pension Insurance Company

For more information, please contact:

Christian Fladeland, the Chairman of the Shareholders’ Nomination Board, tel. +45 60 60 68 68

Distribution:

Nasdaq Helsinki, key media

Kojamo is Finland’s largest private residential real estate company and a frontrunner in the housing business. Our mission is to create better urban housing. The Lumo brand provides environmental-friendly housing and services in Finland’s biggest growth centres. We actively develop the value of our investment properties by developing new properties and our existing property portfolio. We want to be the property market frontrunner and the number one choice for our customers. Kojamo’s shares are listed on the official list of Nasdaq Helsinki. For more information, please visit kojamo.fi/en/

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