YIT Corporation Shareholders Nomination Board composition

YIT Corporation                  Stock exchange release     September 9, 2019 at 4:00 p.m.

YIT Corporation Shareholders Nomination Board composition

YIT Corporation’s three largest shareholders according to Euroclear’s shareholder register on August 30, 2019 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 Corporation’s shareholder’s nomination board, are the above-mentioned shareholder group, Tercero Invest AB and Varma Mutual Pension Insurance Company. The following persons 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, CEO, Tercero Invest AB (11.61% of shares and votes)

- Risto Murto, President and CEO, Varma Mutual Pension Insurance Company (7.55% of 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 Annual General Meeting.

For further information, please contact:  

Kari Kauniskangas, President and CEO, YIT Corporation, tel. +358 40 570 1313, kari.kauniskangas@yit.fi
Tiina Kuusisaari, Manager, Investor Relations, YIT Corporation, tel. +358 40 52 88 154, tiina.kuusisaari@yit.fi 

YIT CORPORATION 

Kari Kauniskangas
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 and living services, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving. Together with our customers, our nearly 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 restated pro forma revenue for 2018 was approximately EUR 3.2 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com

About Us

YIT is the largest Finnish and significant North European construction company. We develop and build apartments and living services, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving. Together with our customers, our nearly 10,000 professionals are creating more functional, attractive and sustainable cities and environments. We work in 11 countries: Finland, Russia, Scandinavia, Baltic Countries, 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 restated pro forma revenue for 2018 was approximately EUR 3.2 billion. YIT Corporation’s share is listed on Nasdaq Helsinki Oy. www.yitgroup.com

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