Decisions of Sievi Capital’s Annual General Meeting and the constitutive meeting of the Board of Directors

Sievi Capital Plc
Stock Exchange Release 4 May 2023 at 3.55 pm EEST

Decisions of Sievi Capital’s Annual General Meeting and the constitutive meeting of the Board of Directors

Sievi Capital Plc’s Annual General Meeting was held on 4 May 2023 at Hotel Kämp Symposion meeting venue at the address Kluuvikatu 2, 00100 Helsinki, Finland. The Annual General Meeting supported all the proposals included in the notice of the Annual General Meeting. The General Meeting adopted the financial statements for the financial period 2022, discharged the members of the Board of Directors and CEO from liability for the financial period 2022, and adopted, through an advisory decision, the company’s Governing Bodies’ Remuneration Report for the year 2022.

Amendment of the Governing Bodies’ Remuneration Policy

As proposed by the Board of Directors, the General Meeting decided that the process for preparing the proposal on the remuneration of the members of the Board of Directors defined in Sievi Capital’s Remuneration Policy be amended so that the Shareholders’ Nomination Board prepares the proposal concerning the remuneration of the members of the Board of Directors.

Article 3 of the Remuneration Policy of Sievi Capital was amended to read as follows:

“3. Description of the Board of Directors’ remuneration

Remuneration of the members of the Board of Directors is decided by Sievi Capital’s Annual General Meeting. The remuneration proposal to the Annual General Meeting is made by the Shareholders’ Nomination Board.”

Payment of dividend

As proposed by the Board of Directors, the General Meeting decided that no dividend be distributed for the financial period ended on 31 December 2022.

Remuneration of the members of the Board of Directors

The General Meeting decided that the remuneration of the Board of Directors remain unchanged, so that the Chairman of the Board of Directors be paid as remuneration EUR 3,550 per month and each member of the Board of Directors EUR 2,300 per month. The travel expenses of the members of the Board of Directors are compensated in accordance with the company’s travel policy. Earnings-related pension insurance contributions are paid voluntarily for the paid remuneration.