YIT Corporation Shareholders Nomination Board composition
YIT Corporation Stock exchange release September 21, 2018 at 5:30 p.m.
YIT Corporation’s three largest shareholders according to Euroclear’s shareholder register on August 31, 2018 and according to the principles of the standing order have had the right to nominate representatives to the Nomination Board. According to the mentioned standing order, a shareholder group can agree on appointing a joint representative to the Nomination Board. The following shareholders have agreed on appointing a joint representative: PNT Group Oy, Noora Forstén, Fideles Oy, Kristina Pentti-von Walzel, Eva Pentti-Kortman and Kristian Pentti.
YIT’s three largest shareholders, that are entitled to nominate a representative to YIT Oyj’s shareholder’s nomination board, are the above mentioned shareholder group, Tercero Invest AB and Varma Mutual Pension Insurance Company. The following person have been nominated as their representatives to YIT’s Nomination Board:
- Juhani Mäkinen, Counsellor of Law, the shareholder group (14.89% of shares and votes)
- Alexander Ehrnrooth, President and CEO, Tercero Invest AB (10.19% shares and votes)
- Risto Murto, President and CEO, Varma Mutual Pension Insurance Company (7.55% shares and votes)
The Chairman of YIT Corporation’s Board of Directors, Harri-Pekka Kaukonen, participates in the Nomination Board’s work as an expert member. The Nomination Board’s Chairman is Counsellor of Law Juhani Mäkinen.
The Nomination Board prepares the proposals concerning Board members and Board compensation for the following General Meeting.
For further information, please contact:
Kari Kauniskangas, President and CEO, YIT Corporation, tel. +358 40 570 1313, firstname.lastname@example.org
Hanna Jaakkola, Vice President, Investor Relations, YIT Corporation, tel. +358 40 566 6070, email@example.com
President and CEO
Distribution: Nasdaq Helsinki, major media, www.yitgroup.com
YIT is the largest Finnish and significant North European construction company. We develop and build apartments, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving. Together with our customers our 10,000 professionals are creating more functional, more attractive and more sustainable cities and environments. We work in 11 countries: Finland, Russia, Scandinavia, the Baltic States, the Czech Republic, Slovakia and Poland. The new YIT was born when over 100-year-old YIT Corporation and Lemminkäinen Corporation merged on February 1, 2018. Our combined annual revenue for 2017 was over EUR 3.8 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com