Lehto Group Plc
Stock exchange release
15 October 2019 at 9.15 a.m
Three of Lehto Group Plc’s biggest shareholders have named their representatives for the shareholders’ Nomination Committee who shall prepare the proposals for the Board members and the remuneration for the Annual General Meeting of 2020. The members of the Nomination Committee are Hannu Lehto, Mikko Kinnunen and Esko Torsti.
According to the Rules of Procedure of the Shareholders’ Nomination Committee approved by the Lehto Group Plc, the members of the Shareholders’ Nomination Committee consist of the representatives of the three biggest shareholders who have accepted the duty. The biggest shareholders shall be annually named with regard to the situation on the last September date of public trading organised by Nasdaq OMX Helsinki on the basis of the company’s shareholders’ register, held by Euroclear Finland Oy. Each of the three biggest shareholders shall have the right to nominate one representative for the Nomination Committee. Should someone opt out of the nomination right, the right is transferred to the next-biggest shareholder who otherwise would not have the nomination right. The chairman of the company’s board of directors acts as an expert member of the Committee without a right to vote.
According to the last September date of public trading organised by Nasdaq OMX Helsinki, Lehto Group Plc’s three biggest shareholders were Lehto Invest Oy, Mikko Kinnunen and Ari Saartoala. Mr. Saartoala has nevertheless decided to opt-out, which gives the nomination right to the next-biggest shareholder. Fourth biggest shareholder in Lehto Group Plc on 30 September 2019 was Ilmarinen Mutual Pension Insurance Company that announced to use their nomination right. The members of the Sharholders’ Nomination Committee were elected Hannu Lehto, Mikko Kinnunen and Esko Torsti.
The term of office of the Committee member is valid until the last September date of public trading organised by Nasdaq OMX Helsinki that follows the nomination.
Markus Kouhi, General Counsel, Lehto Group Plc
tel. +358 40 504 0158