Resolutions of Kojamo plc’s Annual General Meeting and the organizing meeting of the Board of Directors

Kojamo plc Stock Exchange Release 14 March 2024 at 3.15 p.m. EET

HELSINKI, March 14, 2024 /PRNewswire/ — Kojamo plc’s Annual General Meeting was held in Helsinki today on 14 March 2024.The Annual General Meeting adopted the Financial Statements for 2023 and discharged the members of the Board of Directors and the CEO from liability. Additionally, the Annual General Meeting decided on the payment of dividend; the number, remuneration and composition of the members of the Board of Directors; the election of the auditor and its fees as well as authorisations of the Board of Directors. The Annual General Meeting approved the Remuneration Report 2023 and Remuneration Policy for the members of the Board of Directors, CEO, and deputy CEO of Kojamo.

The payment of dividend

The Annual General Meeting decided that no dividend be paid for the financial year 2023 as proposed by the Board of Directors.

The composition and remuneration of the Board of Directors

The Annual General Meeting decided that the number of the members of the Board of Directors to remain the same and to be seven (7) as proposed by the Shareholders’ Nomination Board. Mikael Aro was elected as Chairman of the Board. The current members Kari Kauniskangas, Anne Koutonen, Mikko Mursula, Annica Ånäs and Andreas Segal, and as a new member Veronica Lindholm were elected as members of the Board of Directors.

It was decided that the members of the Board will be paid the following annual fees for the term ending at the conclusion of the Annual General Meeting in 2025:

Chairman of the Board EUR 74,000Vice Chairman of the Board EUR 44,000Other members of the Board EUR 37,000 andChairmen of the Board’s Committees EUR 44,000.

The members of the Board are paid only one annual fee according to their role so that no overlapping fees will be paid. In addition, it was decided that an attendance allowance of EUR 700 be paid for each meeting and an attendance allowance of EUR 700 be paid for Committee meetings as well. For the members of the Board of Directors or the members of the Committees who reside abroad and do not have a permanent address in Finland, the attendance allowance will be multiplied by two (EUR 1,400), if attending the meeting requires travelling to Finland.

It was decided that the annual fee will be paid as company shares and cash so that approximately 40 per cent of the annual fee will be paid as Kojamo plc’s shares and the rest will be paid in cash. The shares will be purchased in the name and on behalf of the members of the Board of Directors. The company will pay any transaction costs and transfer tax related to the purchase of the company shares. The shares in question can’t be transferred earlier than two years from the transaction or before the term of the member of the Board of Directors has ended, depending which date is earlier. The shares shall be purchased within two weeks of the publication of Kojamo plc’s Interim Report for 1 January – 31 March 2024.

Election and remuneration of the Auditor

It was decided that KPMG Oy Ab, authorised public accountants, be elected as the company’s Auditor. KPMG Oy Ab has announced that it will appoint Petri Kettunen, APA, as the principally responsible auditor. It was decided that the Auditor’s fees be paid according to the Auditor’s reasonable invoice approved by the company.

Authorizations of the Board of Directors

The Board of Directors was authorized to decide on the repurchase and/or on the acceptance as pledge of an aggregate maximum of 24,714,439 of the company’s own shares according to the proposal of the Board of Directors. The proposed number of shares corresponds to approximately 10 per cent of all the shares of the company. The authorization shall be in force until the closing of the next Annual General Meeting, however no longer than until 30 June 2025. The authorization cancels the authorization given to the Board of Directors by the General Meeting on 16 March 2023 to decide on the repurchase and/or on the acceptance as pledge of the company’s own shares.

The Board of Directors was authorized to decide on the issuance of shares and the issuance of special rights entitling to shares referred to in Chapter 10, Section 1 of the Companies Act according to the proposal of the Board of Directors. The number of shares to be issued on the basis of this authorization shall not exceed an aggregate maximum of 24,714,439 shares, which corresponds to approximately 10 per cent of all the shares of the company. This authorization applies to both the issuance of new shares and the transfer of treasury shares held by the company. The authorization shall be in force until the closing of the next Annual General Meeting, however no longer than until 30 June 2025. The authorization cancels the authorization given to the Board of Directors by the General Meeting on 16 March 2023 to decide on the issuance of shares as well as special rights entitling to shares.

Minutes of the Annual General Meeting

The minutes of the Annual General Meeting will be available at Kojamo’s website at www.kojamo.fi/agm at the latest on 28 March 2024.
 

The Vice Chairman of the Board and composition of the Board committees

Kojamo plc’s Board of Directors held its organizing meeting after the Annual General Meeting on 14 March 2024. In the organizing meeting, the Board of Directors elected the Vice Chairman of the Board and the members of the Audit Committee and the Remuneration Committee amongst its members.

Mikko Mursula was elected as the Vice Chairman of the Board of Directors.

Anne Koutonen (Chairman), Mikko Mursula, Andreas Segal and Annica Ånäs were elected as members of the Audit Committee.

Kari Kauniskangas (Chairman), Mikael Aro and Veronica Lindholm were elected as members of the Remuneration Committee.

For more information
Markus Kouhi, General Counsel, Kojamo plc, [email protected], tel. +358 20 508 4238

Distribution:
Nasdaq Helsinki, Key media

Kojamo is Finland’s largest private residential real estate company and a frontrunner in the housing business. Our mission is to create better urban housing. The Lumo brand provides environmental-friendly housing and services in Finland’s biggest growth centres. We actively develop the value of our investment properties by developing new properties and our existing property portfolio. We want to be the property market frontrunner and the number one choice for our customers. Kojamo’s shares are listed on the official list of Nasdaq Helsinki. For more information, please visit kojamo.fi/en/ 

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