Annual General Meeting

The shareholders participate in the administration and management of the Company through resolutions adopted at the General Meeting of Shareholders. In general, the Board of Directors convenes the General Meeting of Shareholders. In addition, a General Meeting of Shareholders must be held pursuant to the Companies Act when requested in writing by an auditor of the Company or by shareholders representing at least one-tenth of all the issued Shares.

The invitation to the General Meeting is published on the company’s website no earlier than two months and no later than 21 days before the meeting, but always at least nine (9) days before the reconciliation date of the General Meeting.

The Board of Directors may decide that shareholder may exercise their full decision-making powers in real time during the General Meeting using telecommunications and technical means (hybrid meeting).

The Board of Directors may decide that the General Meeting is arranged without a meeting venue in a manner where shareholders exercise their full decision-making powers in real time during the General Meeting using telecommunications and technical means (virtual meeting). In addition to the domicile of the company the General meetings may be held in Tampere or Helsinki.

Usually General Meetings handle the matters placed on its agenda by the Board. According to the Finnish Companies Act, shareholders may also request the company’s Board of Directors to place a matter on the agenda of the next General Meeting. The Company states well in advance on its website the date by which a shareholder must declare his or her demands for matters to be dealt with at the Annual General Meeting.

Major matters subject to the decision-making power of a General Meeting include: amendments to the Articles of Association; increases or decreases in share capital; issuance of shares; decisions on the number, election and remuneration of Board members; adoption of the financial statements; and distribution of profits / allocation of losses.

Archive: previous General meetings