Decisions taken by
The use of the profit shown on the balance sheet and the payment of dividend
The Meeting approved the Board of Directors' proposal to pay a dividend of
Remuneration of the Board of Directors
The fees to the members of the Board of Directors were approved as follows:
- to the Chair
- to the Deputy Chair
- to the ordinary members
Approximately 40% of the annual Board remuneration will be paid in
In addition, the meeting fees for the Board meetings will be paid as follows: The Chair will be paid
Furthermore, the Chair of the Audit Committee will receive a fixed fee of
Board of Directors, Auditor and Sustainability Auditor
The Annual General Meeting decided that the Board of Directors shall have eight members. The following were elected to the Board:
It was decided that the auditor is reimbursed according to the auditor's invoice approved by the Company.
The audit firm
Amendment of the Articles of Association
The Annual General Meeting approved the proposed changes to the Articles of Association. They relate to the remuneration and election of the sustainability auditor as well as to the possibility to organize remote general meetings.
Authorisation to repurchase the Company's own shares
The Board of Directors was authorised to resolve to repurchase a maximum of 57,000,000 shares in the Company. Shares may be repurchased also otherwise than in proportion to the shareholders' holding in the Company. The authorisation to repurchase the Company's own shares shall be valid until the close of the next Annual General Meeting, however no longer than for 18 months from the decision by the Annual General Meeting.
Authorisation to issue shares
The Board of Directors was authorised to resolve to issue a maximum of 57,000,000 shares in the Company. The shares can be issued for consideration or without consideration. They can also be issued in deviation from the shareholders' pre-emptive rights by way of a directed issue if there is a weighty financial reason for the Company to do so. A directed issue may be decided upon to develop the capital structure of the Company or to finance or carry out acquisitions or other arrangements. Additionally, the authorisation can also be used as part of the Company's incentive schemes for up to 10,000,000 shares, which represents 1.69% of all the shares in the Company. The authorisation for the Board of Directors to issue shares shall be valid for 18 months from the decision by the Annual General Meeting. However, the authorisation regarding incentive schemes shall be valid for five years from the decision. This authorisation revokes the authorisation given by the Annual General Meeting on
The decisions were taken without voting in the meeting. The minutes of the meeting will be available on the Company's website at www.wartsila.com/agm as of
Decisions of the Board of Directors
Convening after the Annual General Meeting, the Board of Directors elected
Audit Committee: Chair
People Committee: Chair
https://news.cision.com/wartsila-corporation/r/decisions-taken-by-wartsila-s-annual-general-meeting-and-board-of-directors,c3942703
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