Resolutions of the Annual General Meeting of Fingrid Oyj
Fingrid Oyj’s Annual General Meeting was held today, 28 March 2018, in Helsinki. The Annual General Meeting approved the financial statements for 2017 and discharged the members of the Board of Directors and the CEO from liability. The Annual General Meeting elected Fingrid Oyj’s Board of Directors for the term that ends at the close of the next Annual General Meeting. Juhani Järvi continues as Chair of the Board of Directors. The other Board members are Anu Hämäläinen, Sanna Syri, and Esko Torsti; Päivi Nerg was elected as a new member of the Board. A more detailed presentation of the board members is available on the company’s website.
The Annual General Meeting decided to pay a dividend of max. EUR 68,470.00 for each Series A share and max. EUR 25,050.00 for each Series B share, totalling max. EUR 173,518,010.00. The dividend shall be paid in two instalments. The first instalment is EUR 48,700.00 for each Series A share and EUR 17,820.00 for each Series B share, totalling EUR 123,420,140.00. In addition, the Annual General Meeting authorised the company’s Board of Directors to decide on the payment of a possible second instalment after the half-year report has been confirmed, when the Board of Directors has assessed the company’s solvency, financial position and financial development. The second instalment is max. EUR 19,770.00 for each Series A share and max. EUR 7,230.00 for each Series B share, totalling max. EUR 50,097,870.00. The authorisation remains valid until the next Annual General Meeting.
The Annual General Meeting decided to establish a shareholders’ Nomination Board, whose task will be to prepare proposals concerning the appointment and remuneration of the members of the Board of Directors for the Annual General Meeting. The Nomination Board must give its proposal to the company’s Board of Directors annually, and no later than the 31st of January preceding the next Annual General Meeting. The Annual General Meeting approved the Nomination Board’s Rules of procedure, according to which the Nomination Board shall include three (3) representatives of the Company’s shareholders and the Chairman of the Board of Directors, who shall participate as an expert in the Nomination Board meetings. In accordance with the Rules of procedure, the three shareholders with the largest share of the votes have appointed to the Nomination Board: Helena Tarkka, Jukka Reijonen and Erkko Ryynänen.
PricewaterhouseCoopers Oy, which appointed Heikki Lassila, APA, as the principal auditor, was elected as the auditor of the company.
Jukka Ruusunen, President & CEO, tel. +358 30 395 5140 or +358 40 593 8428
Jan Montell, Chief Financial Officer, tel. +358 30 395 5213 or +358 40 592 4419