Decisions of KH Group’s Annual General Meeting and the constitutive meeting of the Board of Directors

KH Group Plc
Stock Exchange release 7 May 2024 at 3:20 pm EEST

Decisions of KH Group’s Annual General Meeting and the constitutive meeting of the Board of Directors

KH Group Plc’s Annual General Meeting was held on 7 May 2024 at KH Group’s headquarters at the address Kuninkaalantie 19, 01300 Vantaa, 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 2023, discharged the members of the Board of Directors and the persons who had acted as CEO from liability for the financial period 2023, and adopted, through an advisory decision, the company’s Governing Bodies’ Remuneration Report for the year 2023.

Use of profit shown on the balance sheet

As proposed by the Board of Directors, the General Meeting decided that no dividend be distributed for the financial period ended on 31 December 2023.

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.

Composition of the Board of Directors

The General Meeting confirmed the number of members of the Board of Directors at five (5). Juha Karttunen, Kati Kivimäki, Timo Mänty, Taru Narvanmaa and Jon Unnérus were elected to the Board of Directors until the closing of the Annual General Meeting of 2025.

Election of the auditor

The General Meeting elected Ernst & Young Oy, Authorised Public Accountant firm, as the company’s auditor. Ernst & Young Oy has notified that Timo Eerola, APA, acts as the principally responsible auditor for the company. The General Meeting also confirmed the company’s auditor as the sustainability reporting assurance provider for the verification of the sustainability report for the financial year 2024.

The General Meeting decided that the remuneration of the auditor shall be paid according to the auditor’s reasonable invoice approved by the company, and the same also applies to the auditor’s fee related to verifying the company’s sustainability report.