Resolutions of Toivo Group Plc’s Extraordinary General Meeting 31 August 2022
Toivo Group Plc, Company release 31 August 2022 at 10 a.m.
The Extraordinary General Meeting of Toivo Group Plc (the “Company”) was held today on 31 August 2022 in Helsinki, Finland.
The General Meeting adopted the following decisions:
Members of the Board of Directors
The number of the members of the Board of Directors was confirmed to be five (5). Jonna Toikka was elected as new board member.
Amendment of the Articles of Association
The General Meeting decided that the Company’s Articles of Association be amended by adding a new clause no. 11 which reads in its entirety as follows:
”11. GENERAL MEETING’S PLACE AND REMOTE MEETINGS
A General Meeting may be organized at the domicile of the company or at Espoo as decided by the Board of Directors.
A General Meeting may also be convened remotely without a physical meeting place so that all persons participating to the meeting shall participate through an online telecommunications connection and technical device. A shareholder participating in the remote meeting shall be able to use all of its shareholders’ rights in equal manner to General Meetings organized in a physical meeting place.”
Otherwise, the Articles of Association remain unamended.
The Minutes of the Extraordinary General Meeting
The minutes of the Extraordinary General Meeting will be available on the Company’s website at investors.toivo.fi on 14 September 2022 at the latest.
Toivo Group Plc
Board of Directors
Further information
Markus Myllymäki
CEO
Toivo Group Plc
Tel. 040 847 6206
Certified Adviser: Danske Bank A/S, Finnish branch, +358 50 575 4422
About Toivo
Toivo is a Finnish real estate company that was founded in 2015. Its business consists of developing apartment lots, constructing housing and ownership of apartments. The Company’s business model is unique as Toivo’s business combines the value chain of real estate business from development and construction to ownership, management and rental of a completed property. Toivo manages the entire life cycle of residential real estate with its own team, from raw land development to renting apartments. This way Toivo is able to generate additional value to its customers, shareholders and stakeholders.
Toivo’s strategy is to develop apartments in accordance with the Toivo concept. The apartments aim for a strong development margin and a stable and attractive return, and this way enable long-term ownership and the generation of higher additional value to Toivo’s customers. Toivo has a knowledgeable and experienced team of experts with strong merits in the real estate business. The members of Toivo’s team have been involved in the development and construction of over 17,000 apartments, and they have an average of ten years of experience.
Toivo’s revenue in 2021 was EUR 13.6 million and its operating profit was EUR 15.8 million.