Toivo Group Plc: Composition of Toivo’s Shareholders’ Nomination Committee
Company release, 8th November 2023 at 4:30 p.m.
The representatives appointed by three largest, on the basis of the shareholder list of 1 September 2023, shareholders that wished to exercise their right of appointment are elected to Toivo Group Plc’s (“Toivo” or “the Company”) Shareholders’ Nomination Committee. The Nomination Committee prepares proposals to Toivo’s Annual General Meeting regarding the members of the Board of Directors and fees paid to the Board members in 2024.
The three largest shareholders that wished to exercise their right of appointment have appointed the following members to the Company’s Shareholders’ Nomination Committee:
- Raatihuone Oy, represented by Asko Myllymäki
- Heuke Oy and Urho Myllymäki, represented by Urho Myllymäki
- Nisico Oy and Samuli Niemelä, represented by Samuli Niemelä
Further information
Markus Myllymäki
CEO
Toivo Group Plc
Tel. +358 (0)40 847 6206
markus.myllymaki@toivo.fi
Certified Adviser: Danske Bank A/S, Finland branch.
About Toivo
Toivo is a Finnish real estate company that was founded in 2015. Its business consists of project development and long-term 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 properties with its own team, from raw land development to tenancy agreement negotiations and property maintenance. This way Toivo is able to generate additional value to its customers, shareholders and stakeholders.
Toivo’s strategy is to develop properties in accordance with the Toivo concept. The properties aim for a strong development margin and a stable and attractive return, and in 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 in the real estate business.
Toivo’s revenue in 2022 was EUR 20.3 million and its operating profit was EUR 15.6 million.