Teleste Corporation Stock exchange release 17 February 2022 at
PROPOSAL BY THE NOMINATION BOARD FOR THE COMPOSITION AND REMUNERATION OF THE BOARD OF DIRECTORS OF TELESTE CORPORATION
Shareholders’ Nomination Board
The General Meeting of Shareholders of
Based on the ownership situation on
Proposals by the Nomination Board
The Nomination Board has submitted its proposals to Teleste’s Board of Directors, to be presented to the Annual General Meeting of 2022.
Number of members of the Board of Directors and proposal for the composition of the Board of Directors
The Nomination Board proposes to the Annual General Meeting of
The Nomination Board proposes that the current members of the Board of Directors will be re-elected for the new term of office, extending until the end of the next Annual General Meeting: Timo Luukkainen,
All the proposed members of the Board of Directors are assessed to be independent of the company and of the company’s significant shareholders except for Timo Luukkainen and Vesa Korpimies, who are assessed to be independent of the company but not independent of the company’s significant shareholders due to the following: Timo Luukkainen is Chairman of the Board of Directors of
All the proposed members of the Board of Directors have given their permission for their election.
Proposal for the remuneration of the Board of Directors
The Nomination Board proposes that the remuneration of the Board of Directors is be kept unchanged, and that the following annual remuneration will be paid to the members of the Board of Directors:
It is proposed that out of the annual remuneration to be paid to the Board members, 40 per cent of the total gross remuneration amount will be used to purchase Teleste Corporation’s shares for the Board members through trading on regulated market organized by
No separate meeting fee is to be paid to the members of the Board of Directors or to the chairman of the Audit Committee. A meeting fee of
For more information, please contact:
Timo Luukkainen,
Chairman of the Nomination Board
+358 2 2605 611
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