Decisions taken by
The Annual General Meeting of
Dividend payment
The Annual General Meeting decided to pay a dividend of
The dividend will be paid in two instalments. The first instalment of
The second instalment of
Composition of the Board of Directors
The Annual General Meeting confirmed the number of Board members as eight and reappointed Mikael Mäkinen as Chair of
Remuneration of the Board of Directors
The Annual General Meeting decided that the annual remuneration payable to the members of the Board will be as follows: to the Chair of the Board of Directors
Furthermore, the Annual General Meeting decided that a base fee of
In addition, a meeting fee in the amount of
The Annual General Meeting resolved that, as a condition for the annual remuneration, the members of the Board of Directors are obliged, directly based on the Annual General Meeting's resolution, to use 40 percent of the fixed annual remuneration for purchasing Valmet shares at a price formed on a regulated market on the official list of
Auditor
The Annual General Meeting re-elected
The remuneration to the Auditor will be paid in accordance with the Auditor's invoice and the principles approved by the Audit Committee.
Authorization to resolve on the repurchase of the Company's own shares
The Annual General Meeting resolved to authorize the Board of Directors to decide on the repurchase of a maximum number of 9,200,000 of the Company's own shares in one or several tranches, corresponding to approximately 5.0 percent of all the shares in the Company. Based on the authorization, the Company's own shares may be repurchased otherwise than in proportion to the shareholdings of the shareholders (directed repurchase). The Company's own shares may be repurchased using the unrestricted equity of the Company at a price formed on a regulated market on the official list of
The authorization shall remain in force until the close of the next Annual General Meeting, and it cancels the authorization granted in the previous Annual General Meeting related to the repurchase of the Company's own shares.
Authorisation to decide on the issuance of shares and special rights entitling to shares
The Annual General Meeting resolved to authorize the Board of Directors to decide on the issuance of shares and the issuance of special rights entitling to shares in one or several tranches. The issuance of shares may be carried out by offering new shares or by transferring treasury shares held by Valmet. Based on this authorization, the Board of Directors may also decide on a directed share issue in deviation from the shareholders' pre-emptive rights and on the granting of special rights subject to the conditions mentioned in the Finnish Companies Act. Based on this authorization, a maximum number of 18,500,000 shares may be issued, corresponding to approximately 10.0 percent of all the shares in Valmet. The new shares and treasury shares may be issued for consideration or without consideration.
The authorization shall remain in force until the close of the next Annual General Meeting, and it cancels the authorization granted in the previous Annual General Meeting to decide on the issuance of shares and special rights entitling to shares.
The minutes of the Annual General Meeting
Advance voting was held on matters 7-18 on the agenda of the Annual General Meeting. The detailed results of the advance voting are recorded in the minutes of the meeting. The minutes of the Annual General Meeting will be available on the Company's website as of
Decisions of the organizing meeting of the Board of Directors
The Board of Directors of
In its organizing meeting, the Board of Directors elected the members of the Audit Committee and the
The members of the Audit Committee are
The members of the
Personnel representation
The Board of Directors decided to invite Juha Pöllänen to participate in the Board of Directors meetings as the personnel representative elected by Valmet's personnel groups in
Further information, please contact:
VALMET
CFO
VP, Investor Relations
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www.valmet.com
Valmet is a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. With our automation systems and flow control solutions we serve an even wider base of process industries. Our more than 19,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day.
The company has over 220 years of industrial history and a strong track record in continuous improvement and renewal. Valmet's net sales in 2023 were approximately
Valmet's shares are listed on the Nasdaq Helsinki and the head office is in
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