The Annual General Meeting of Kojamo plc was held on 15 March 2018. The meeting adopted the financial statements and discharged the members of the Board of Directors and the CEO from liability for the financial year 1 January–31 December 2017.
The Annual General Meeting decided that the company will pay a dividend of EUR 6.80 per share for the financial year 2017. The dividend will be paid on 6 April 2018 to the shareholders who are registered in the company’s share register as shareholders on the day of the Annual General Meeting.
Board of Directors
The Annual General Meeting decided that the number of the members of the Board of Directors is eight (8). For the term that ends at the Annual General Meeting of 2019, the Annual General Meeting re-elected the current members Riku Aalto, Matti Harjuniemi, Olli Luukkainen, Jorma Malinen, Mikko Mursula, Reima Rytsölä, Jan-Erik Saarinen and Ann Selin as members of the Board of Directors. The Annual General Meeting elected Riku Aalto as the Chairman of the Board.
The Annual General Meeting decided that, for the term ending at the Annual General Meeting in 2019, the following annual fees will be paid to the members of the Board of Directors elected at the Annual General Meeting: EUR 26,000 for the Chairman of the Board, EUR 15,000 for the Deputy Chairman and EUR 9,000 for each of the members. In addition, the Annual General Meeting decided that an attendance allowance of EUR 600 will be paid for each meeting of the Board of Directors.
In its organising meeting after the Annual General Meeting, the Board of Directors elected Mikko Mursula as the Deputy Chairman. Mikko Mursula, Matti Harjuniemi, Jorma Malinen and Jan-Erik Saarinen were elected as members of the Board’s Audit Committee. Riku Aalto, Olli Luukkainen, Reima Rytsölä and Ann Selin were elected as members of the Board’s Remuneration Committee.
Auditor
The Annual General Meeting decided that the number of auditors is one (1). KPMG Oy Ab, with Esa Kailiala, APA, as its principal auditor, was elected as the auditor for the company for the term lasting until the end of the next Annual General Meeting.
Authorisation regarding share issues and the issuance of special rights entitling to shares
The Annual General Meeting authorised the Board of Directors to resolve on one or more share issues and the issuance of special rights entitling to shares, as referred to in chapter 10, section 1 of the Limited Liability Companies Act.
Share issues and the issuance of special rights entitling to shares can be used to issue a maximum of 1,480,512 new Series A shares in the company, or transfer a maximum of 600,978 Series A shares currently held by the company.
The authorisation entitles the Board to derogate from the shareholders’ pre-emption right (directed share issue). A derogation may be made from the shareholders’ pre-emption right if the company has a substantial financial reason for doing so. The authorisation may be used for developing the capital structure of the company, financing real estate purchases and company acquisitions as well as enabling mergers and acquisitions or other corporate development.
The authorisation entitles the Board of Directors to decide on all other terms and conditions of share issues as well as the issuance of special rights entitling to shares.
The Annual General Meeting decided to establish a shareholders’ Nomination Board for a term that lasts until the end of the next Annual General Meeting. In accordance with the proposal of the shareholders’ Nomination Board, the Annual General Meeting elected Jarkko Eloranta, Chairman; Ville-Veikko Laukkanen, Executive Vice President; Pasi Pesonen, Organisation Director and Esko Torsti, Director, as the members of the Nomination Board. The Nomination Board elects the Chairman from amongst its members.
Further information:
Erik Hjelt, CFO, tel. +358 20 508 3225
Kojamo is the frontrunner in rental housing and real estate investments. It has undergone major renewals in recent years. The renewed Kojamo is able to provide better urban housing in a rapidly changing world. Kojamo is transforming Finnish society together with its customers, other companies and operators, and cities.