Annual General Meeting

of Shareholders

The Annual General Meeting is the supreme decision-making body of Neles. The AGM of Shareholders is held once a year before the end of June. It decides on matters stipulated in the Finnish Companies Act and the Articles of Association.

Neles’ EGM will be held on Thursday, October 29

The registration and voting will begin on September 1, 2020 at 9:00 am and end on October 26, 2020 at 10:00 pm.

Main tasks of Neles' AGM

• Adoption of the financial statements

• Use of the profit shown on the balance sheet

• Election of the Chair, Vice Chair and members of the Board, and the decision on their remuneration

• Discharging the members of the Board and the President and CEO from liability

• Election of the Auditor and the decision on compensation

• Proposals made by the Board or a shareholder (e.g. amendments of the Articles of Association, the repurchase of the company’s own shares, share issues, special authorizations)

Invitation to the AGM

We publish a notice of the Annual General Meeting no more than three months and no less than three weeks before the meeting as a stock exchange release and on the company’s website. Notice is delivered in certain instances directly to shareholders when required by law. The Annual General Meeting agenda, decision-making proposals and meeting documents are available on our website at least three weeks prior to the meeting.

 

 

Requests and voting

All shareholders registered by the record date in the company's list of shareholders maintained by Euroclear Finland Ltd have the right to attend the Annual General Meeting. Each share entitles the holder to one vote. Shareholders are entitled to have an issue put on the Annual General Meeting’s agenda, provided that the issue requires a decision by the Annual General Meeting pursuant to the Finnish Companies Act. The request must be submitted in writing to the Board early enough so that the issue can be included in the meeting notice. On our website, we announce the date by which a shareholder must notify the Board of an issue to be added to the Annual General Meeting agenda.

Decisions are primarily made by a simple majority of votes. Such decisions include the approving of the financial statements, payment of dividends, election of Board members and auditors and their remuneration, and discharging the members of the Board and the President and CEO from liability.