NYAB Plc: Proposals of the Shareholders' Nomination Board to the Annual General Meeting

NYAB Plc
COMPANY ANNOUNCEMENT
04 April 2023 at 14:30

NYAB Plc: Proposals of the Shareholders’ Nomination Board to the Annual General Meeting

NYAB Plc’s Shareholders’ Nomination Board has submitted proposals for the Annual General Meeting to be held on 26 April 2023 regarding the composition and remuneration of the Board of Directors.

Nomination Board proposes that nine members would be elected to the Board of Directors. According to the proposal, current members Markku Kankaala, Johan K Nilsson, Johan Larsson, Mikael Ritola, Jari Suominen, and Lars-Eric Aaro would be re-elected as members of the Board of Directors. Anders Berg, Barbro Frisch and Jan Öhman are proposed to be elected as new members of the Board of Directors. Current members Jukka Juola and Aarne Simula have informed that they are not available as members of the Board of Directors after the Annual General Meeting.

Members of the Board of Directors are proposed to be elected for a term that continues until the close of the following Annual General Meeting. All the persons, who are proposed to be elected, have given their consent for the election. Nomination Board has assessed that the proposed new members are independent of NYAB Plc and its major shareholders.

Nomination Board proposes to the organizing meeting of the Board of Directors that Markku Kankaala would be re-elected as the Chairman of the Board, and Jan Öhman would be elected as the Vice Chairman.

Proposed new members of the Board of Directors

Anders Berg has been the CEO of First North Sweden listed OXE Marine AB since February 2022 and was previously the Chairman of the Board in the company between 2018-2022. Previously he has been, among others, CEO at Stockholm main listed Lindab AB between 2013-2017, Board member at Byggmax AB between 2019-2021, and in several senior positions at SSAB. He has a master’s degree in industrial engineering.

Barbro Frisch has been a self-employed management consultant since 2008. Her assignments have included, among others, interim CEO position at housing development company Einar Mattsson Projektutveckling AB, interim purchasing manager position at construction group Veidekke, as well as several advisory tasks at Skanska Group. She has also been a Board member, among others, at Swedish Lorry Parts AB between 2020-2023. She has a bachelor's degree in economics.

Jan Öhman was the CFO of Nasdaq Stockholm main listed Industrivärden AB between 2019-2023. Previously he has held CFO positions at, among others, IPCO AB between 2018-2019, Indutrade AB between 2014-2018, and Sandvik group companies between 2006-2014. In addition, he has held several senior positions at Boliden.

Proposal regarding remuneration of the Board of Directors

Shareholders’ Nomination Board proposes to the Annual General Meeting that the following remuneration will be paid to the members of the Board of Directors until the close of the following Annual General Meeting:

• To a member of the Board of Directors, who does not work for NYAB Plc or its group company, 3500 euros per month shall be paid as remuneration regardless of the number of meetings. In addition, reasonable costs and travelling expenses caused by the meetings shall be recompensed.
• To a Chairman of the Board of Directors, who does not work for NYAB Plc or its group company, 5000 euros per month shall be paid as remuneration, regardless of the number of meetings. In addition, reasonable costs and travelling expenses caused by the meetings shall be recompensed.
• To a member or Chairman of the Board of Directors, who works for NYAB Plc or is group company, no remuneration shall be paid, but reasonable costs and travelling expenses caused by the meetings shall be recompensed.
• To a member and Chairman of the Board of Directors, who does not work for NYAB Plc or its group company, a meeting fee of 500 euros shall also be paid for participating in meetings of committees of the Board of Directors.

Contacts

• Investor Relations, NYAB Oyj, ir@nyabgroup.com

About NYAB Oyj

NYAB is a builder of a clean future with decades of experience in complex and demanding projects. We are enabling green transition in the Nordics by providing engineering, construction, and maintenance services to public and private sector clients regarding renewable energy and sustainable infrastructure. NYAB is headquartered in Oulu and it has more than 350 employees at different locations in Finland and Sweden.

NYAB Plc's Certified Adviser is Augment Partners AB, info@augment.se, phone +46 8 604 22 55.