Resolutions of Meriaura Group Plc's Annual General Meeting and the Board of Directors

Meriaura Group Plc
Company Announcement                                                           3 May 2024 at am 11.15 (CEST)

Resolutions of Meriaura Group Plc's Annual General Meeting and the Board of Directors

The Annual General Meeting of Meriaura Group Plc was held on 3 May 2024 in Helsinki. A total of 19 shareholders participated in the meeting, representing 603,765,718 shares, i.e. approximately 69,7 per cent of all shares and votes of the company.

Annual accounts for 2023

The General Meeting adopted the annual accounts for the financial period 2023 and resolved not to pay any dividend and that the net profit of the financial period EUR 7,844,371.11 shall be transferred to retained earnings/loss account.

Resolution on the discharge from liability of the members of the Board of Directors and the CEO

The General Meeting resolved to grant discharge from liability for the members of the Board of Directors and the CEO for the period 1 January 2023 – 31 December 2023 as well as for the preparation of the annual accounts.

Resolution on remuneration of the members of the Board of Directors

The General Meeting resolved that the members of the Board of Directors to be paid the following remuneration for the term that begins at the end of the Annual General Meeting and ends at the end of the next Annual General Meeting: EUR 21,600 for the Chairman of the Board and EUR 10,800 for each of the other members of the Board.

Approximately 40 per cent of the remuneration to be paid to the members of the Board of Directors will be paid by giving to the Board members company's new shares based on the Board of Directors’ share issue authorization and approximately 60 per cent in cash. Cash portion of the remuneration is proposed to be paid in 12 monthly instalments to the extent it exceeds the amount of tax withholding from the remuneration. The number of remuneration shares will be determined on the basis of the value of the company's share in First North Growth Market Finland as follows: the volume weighted average price of the Meriaura Group Plc’s share within two (2) weeks following the publication of the half-year report for the period 1 January - 30 June 2024 will be used as the value of share.