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The Shareholders’ Nomination Committee amends its proposal regarding the remuneration in shares and cash of the members of the Board of Directors

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Stock exchange release
Lehto Group Plc
25 March 2019 at 6.00 p.m. (EET)

Shareholders’ Nomination Committee has today 25 March 2019 decided to amend the proposal to the Lehto Group Plc Annual General Meeting regarding the remuneration of the members of the board of directors. The Nomination Committee considers important that the members of the Board of Directors would be encouraged to increase their ownership in Lehto Group Plc and have a strong incentive to develop the share value. The proposal of the Nomination Committee encouraged the members of the Board of Directors to increase the amount of their ownership by applying higher remuneration value if the remuneration was paid in shares and in cash whereas the remuneration was proposed to be lower had it been paid only in cash. In the Nomination Committee’s proposal to the Annual General Meeting the remuneration was higher than on 2018 if the member of the Board of Directors accepted it in shares and in cash, whereas the remuneration remained on the same level as on 2018 if it was paid only in cash.

The Nomination Committee has been in discussions based on its proposal also with shareholders that are not included in the Nomination Committee. After these discussions the Nomination Committee has unanimously considered it justifiable to amend its proposal, published in the Lehto Group Plc notice for Annual General Meeting on 1 March 2019, regarding the remuneration of the members of the Board of Directors. The Nomination Committee proposes the remuneration amounts, when it is paid in shares and in cash, to be the following:

- Chairman of the Board of Directors EUR 69,000 (previous proposal was EUR 82,800)

- Deputy Chairman and members of the Board of Directors EUR 34,500 (previous proposal was EUR 41,400)

Rest of the proposals, besides the aforementioned remuneration amounts, shall remain as they were presented in the notice for Annual General Meeting.

The updated invitation and the proposals of the Shareholders’ Nomination Committee shall be available in their entirety on Lehto Group website on www.lehto.fi

Information:
Veli-Pekka Paloranta
Chief Financial Officer
veli-pekka.paloranta@lehto.fi
+358 400 944 074

Lehto Group PLC:

Lehto is fast growing construction and real estate group. We operate in four service areas: Business Premises, Housing and Social Care and Educational Premises. We are the innovator and pioneer of the construction sector. Our economically driven operating model makes construction more profitable, ensures the quality of construction and brings significant time and cost savings to the customer. We employed around 1,500 people. Our net sales for 2018 amounted to EUR 721.5 million.

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