The proposals of Solteq Plc’s Shareholders’ Nomination Committee for the 2025 Annual General Meeting
Stock Exchange Bulletin
Other information disclosed according to the rules of the Exchange
January 24, 2025, at 3:00 p.m.
Solteq Plc’s Shareholders’ Nomination Committee proposes to the Annual General Meeting, planned to be held on March 27, 2025, that the Annual General Meeting should decide on the composition and remuneration of the Board of Directors as follows:
Number of Board members:
The Nomination Committee proposes that the number of members of the Board of Directors is seven (7) for the term ending at the close of the Annual General Meeting of 2026.
Composition of the Board of Directors:
Katarina Cantell and Panu Porkka have announced that they are unavailable to continue in their roles as Board members. The Nomination Board proposes Lotta Kopra and Markus Huttunen as new members of the Board, and the re-election of current Board members Markku Pietilä, Lotta Airas, Anni Sarvaranta, Mika Sutinen, and Esko Mertsalmi. Markku Pietilä is proposed as the Chairman of the Board.
Lotta Kopra, who has been proposed as a new member of the Board, is an experienced business leader with broad international experience in digital transformation, business development, operational management, finance and M&A transactions, and green transition. Kopra currently works as a Senior Advisor at McKinsey & Company. She served as a member of the Board of Solteq Plc from 2019 to 2022.
Markus Huttunen, who has been proposed as a new member of the Board, is a serial entrepreneur and board professional specializing in digital transformation. He has extensive experience in technology, software, professional and B2B services as an entrepreneur and board member, as well as in operative management roles.
Of the proposed Board members, Markku Pietilä and Lotta Airas are dependent on a significant shareholder of the company. All other proposed Board members are independent of significant shareholders. All Board members are independent of the company.
The term of the Board members ends at the close of the next Annual General Meeting. All proposed persons have given their consent to the election.
Remuneration of Board members:
The Nomination Committee proposes that the remuneration of the Board of Directors remains unchanged and follows the company's remuneration policy:
• the Chairman of the Board of Directors shall be paid a monthly remuneration of EUR 5,000,
• members of the Board of Directors shall be paid a monthly remuneration of EUR 2,500,
• all Board members shall be paid a fee of EUR 500 per Board or Committee meeting, and
• ordinary and reasonable costs arising from Board work are reimbursed to the Board members.
Composition of the Nomination Committee
The Nomination Committee consists of four members, who represent the four largest shareholders of the company based on the shareholders’ list dated August 31, 2024. The Nomination Committee that made the proposals to the Annual General Meeting 2025 includes:
• Markku Pietilä, Chairman of the Board, nominated by Profiz Business Solution Oy
• Jukka Vähäpesola, Head of Equities, nominated by Keskinäinen Työeläkevakuutusyhtiö Elo
• Karoliina Lindroos, Head of Responsible Investment and Sustainability, nominated by Keskinäinen Eläkevakuutusyhtiö Ilmarinen
• Hanna Kaskela, Senior Vice President of Sustainability & Communications, nominated by Keskinäinen työeläkevakuutusyhtiö Varma
The Nomination Committee made all its proposals unanimously. In preparing the proposals, the Committee considered the company's policy on Board diversity. The proposals of the Nomination Committee will be included in the notice of the Annual General Meeting, which will be published later.
Further information:
Markku Pietilä
Chairman of the Board of Directors, Solteq Plc
Email: markku.pietila@solteq.com
Telephone: +358 50 045 5156
Distribution
Nasdaq Helsinki
Key media
www.solteq.com
Solteq in brief
Solteq is a Nordic software solution and expert service provider specializing in retail and energy sectors and needs related to e-commerce. The company employs over 400 professionals and operates in Finland, Sweden, Norway, Denmark, Poland, and the UK.