Published: 2016-01-29 09:00:00 CET
Technopolis
Company Announcement

Proposals of the Shareholders’ Nomination Board to the Annual General Meeting

TECHNOPOLIS PLC        STOCK EXCHANGE RELEASE     January 29, 2016 at 10:00 a.m.

Proposals of the Shareholders’ Nomination Board to the Annual General Meeting


The Shareholders’ Nomination Board proposes the following to the Annual General Meeting convening on March 30, 2016:

Resolution on the Remuneration of the Members of the Board of Directors

The Shareholders’ Nomination Board proposes to the General Meeting that the duly elected members of the Board of Directors be paid the following annual remuneration for the term of office expiring at the end of the next Annual General Meeting:

to the Chairman of the Board of Directors: EUR 55,000
to the Vice Chairman of the Board of Directors: EUR 31,500
to the other members of the Board of Directors: EUR 26,250 each.

The Nomination Board proposes that 40% of the annual remuneration be paid in Technopolis Plc shares acquired on the market at a price determined in public trading. The shares will be acquired based on an acquisition program prepared by the company. If the remuneration cannot be paid in shares due to insider regulations, termination of the Board member's term of office, or other reasons relating to the company or the member of the Board, the annual remuneration shall be paid fully in cash. Board members are not allowed to transfer any shares obtained as annual remuneration before their membership of the Board has ended. The Board members having long-term, increasing shareholdings is in the interests of all shareholders.

The Nomination Board proposes that each member of the Board shall, in addition to the annual fee, be paid a fee of EUR 600 and the Chairman of the Board of Directors a fee of EUR 1,200 for each Board meeting, as well as that each member of a committee will be paid a fee of EUR 600 and the chairmen of the committees a fee of EUR 800 for each committee meeting. The Nomination Board proposes that each member of the Board of Directors whose place of residence is outside of Finland shall, however, be paid a fee of EUR 900 and the Chairman of the Board of Directors a fee of EUR 1,800 for each Board meeting, as well as that each member of a committee shall be paid a fee of EUR 900 and the chairmen of the committees a fee of EUR 1,200 for each committee meeting, provided that the member of the Board of Directors is physically present at the meeting venue. The Nomination Board proposes that the travel expenses of the members of the Board of Directors and the members of the committees shall be compensated for in accordance with the company’s travel policy.

Resolution on the Number of Members of the Board of Directors

The Nomination Board proposes to the General Meeting that the Board of Directors shall comprise six (6) members.

Election of the Chairman, Vice Chairman and Members of the Board of Directors

The Nomination Board proposes to the General Meeting that the following individuals be re-elected as members of the Board of Directors for a term of office ending at the end of the next Annual General Meeting: Mr. Carl-Johan Granvik, Mr. Jorma Haapamäki, Mr. Pekka Ojanpää, Mr. Reima Rytsölä and Ms. Annica Ånäs. Current member of the Board of Directors, Mr. Pekka Korhonen, has informed that he is no longer available for re-election.

In addition, the Nomination Board proposes that Mr. Juha Laaksonen is elected as a new member of the Board of Directors for the same term of office.

Mr. Juha Laaksonen, B.Sc. (Econ.), born in 1952, has last served Fortum Corporation as the Executive Vice President and CFO in 2000–2012. Juha Laaksonen is the Chairman of the Board of Directors of Caruna Networks Oy and a member of the Board of Directors of Kemira Oyj, Sponda Plc and Taaleritehdas Plc. In addition, he holds positions of trust as the Chairman of the Board of Directors of Alfred Korelin Foundation, The Fortum Art Foundation and The Association of Finnish Fine Arts Foundations. According to the stock exchange release of Sponda Plc from January 25, 2016, Juha Laaksonen has informed the Shareholders' Nomination Board of Sponda Plc that he is no longer available as a member to the Board of Directors.

Furthermore, the Nomination Board proposes that Mr. Carl-Johan Granvik be elected as the Chairman of the Board of Directors and Mr. Jorma Haapamäki as the Vice Chairman for the same term of office.

All the nominees are considered independent of the company and of the significant shareholders of the company, except for Mr. Reima Rytsölä who is not considered independent of significant shareholders as he serves Varma Mutual Pension Insurance Company, the largest shareholder of the Company, as the Executive Vice-President responsible for investments.

The information essential to the Board work of all the proposed individuals and the evaluation of their independence is presented on the company’s website www.technopolis.fi.


For further information:

Risto Murto
Chairman of the Nomination Board
Tel. +358 10 244 3119


Technopolis provides the best addresses for companies to operate and succeed in five countries in the Nordic-Baltic region. The company develops, owns and operates a chain of 20 smart business parks that combine services with flexible and modern office space. The company’s core value is to continuously exceed customer expectations by providing outstanding solutions to 1,700 companies and their 47,000 employees in Finland, Norway, Estonia, Russia and Lithuania. The Technopolis Plc share (TPS1V) is listed on Nasdaq Helsinki.