Aspo Plc
Decisions of general meeting
April 12, 2024, at 1.00 p.m.
Resolutions of the Aspo Annual Shareholders' Meeting
The Annual Shareholders' Meeting of Aspo Plc was held today on April 12, 2024,
in Helsinki. The Annual Shareholders' Meeting of Aspo Plc approved the company's
and consolidated financial statements 2023 and discharged the members of the
Board of Directors and the CEO from the liability. The Annual Shareholders'
meeting approved the payment of a dividend totaling EUR 0.24 per share. The
record date for the dividend will be April 16, 2024 and the payment date will be
April 23, 2024.
Furthermore, the Annual Shareholders' Meeting authorized the Board of Directors
to decide on a possible distribution of capital from the invested unrestricted
equity fund in the maximum amount of EUR 0.23 per share on a later date, if
aligned with the growth strategy and considering the long-term benefit of Aspo's
shareholders. The authorization is valid until the next Annual Shareholders'
Meeting.
The Annual Shareholders' Meeting also approved the Company's Remuneration
Report, as proposed by the Board of Directors.
Remuneration of the members of the Board of Directors and the Committees
The Annual Shareholders' Meeting approved that EUR 6,000 be paid per month for
the Chairman of the Board of Directors, EUR 4,400 per month for the Vice
Chairman and EUR 3,000 per month for the other members of the Board of
Directors.
The Annual Shareholders' Meeting approved that the following remuneration be
paid to the members of the Audit Committee as well as to the members of the
Remuneration Committee. The shareholders approved that EUR 1,200 per meeting be
paid for the Chairman of the committee and EUR 800 per meeting be paid for the
committee members. If the Chairman of the committee is also the Chairman or the
Vice Chairman of the Board of Directors, the fee paid to the Chairman of the
committee is the same as that paid to members of the committee.
Board of Directors, Auditor and the Sustainability Reporting Assurance Provider
The meeting confirmed the number of Board members at seven. Patricia Allam,
Tapio Kolunsarka, Mikael Laine, Kaarina Ståhlberg, Tatu Vehmas and Heikki
Westerlund were re-elected to the Board of Directors. Annika Ekman was elected
as a new member of the Board. At the Board's organizing meeting held after the
Annual Shareholders' Meeting, Heikki Westerlund was elected as Chairman of the
Board and Mikael Laine as Vice Chairman. At the meeting the Board decided to
appoint Heikki Westerlund as Chair of the Human Resources and Remuneration
Committee, and Patricia Allam, Tapio Kolunsarka, and Tatu Vehmas as committee
members. At the meeting the Board also decided to appoint Kaarina Ståhlberg as
Chair of the Audit Committee, and Annika Ekman, Mikael Laine and Tatu Vehmas as
committee members.
The Authorized Public Accountant firm Deloitte Oy was re-elected as company
auditor. Deloitte Oy has announced that Jukka Vattulainen, APA, will act as the
auditor in charge. The auditor will also act as the Company's sustainability
reporting assurance provider. The remuneration shall be paid to the auditor and
sustainability reporting assurance provider according to an invoice approved by
the Company.
Resolution on amending the Articles of Association
The Annual Shareholders' Meeting approved the following amendments of the
Company's Articles of Association:

  * 1 § of the Company's Articles of Association was amended so that the
    domicile of the Company is Espoo
  * 10 § of the Company's Articles of Association was amended to enable holding
    a general meeting in Helsinki, Espoo or Vantaa in addition to the domicile
    of the Company

* 11 § of the Company's Articles of Association was amended so that the Annual

    Shareholders' Meeting shall, in addition to the matters set out in 11 § of
    the Articles of Association currently in force, decide on the compensation
    and election of the sustainability reporting assurance provider, the
    remuneration policy when necessary and the approval of the remuneration
    report

Authorization of the Board of Directors to decide on the acquisition of
treasury shares
As proposed by the Board of Directors, the Annual Shareholders' Meeting
authorized the Board of Directors to decide on the acquisition of no more than
500,000 treasury shares using the unrestricted equity of the Company
representing about 1.6% of all the shares in the Company. The authorization
includes the right to accept treasury shares as a pledge. The authorization is
valid until the Annual Shareholders' Meeting in 2025 but not more than 18 months
from the approval at the Shareholders' Meeting.
Authorization of the Board of Directors to decide on a share issue of
treasury shares
As proposed by the Board of Directors, the Annual Shareholders´ Meeting
authorized the Board of Directors to decide on a share issue, through one or
several installments, to be executed by conveying treasury shares. An aggregate
maximum amount of 2,500,000 shares may be conveyed based on the authorization.
The authorization is valid until the Annual Shareholders' Meeting in 2025 but
not more than 18 months from the approval at the Shareholders' Meeting.
Authorization of the Board of Directors to decide on a share issue of new shares
As proposed by the Board of Directors, the Annual Shareholders' Meeting
authorized the Board of Directors to decide on a share issue for consideration,
or on a share issue without consideration for the Company itself through one or
several instalments. The authorization includes the right of the Board of
Directors to decide on all of the other terms and conditions of the conveyance
and thus also includes the right to decide on a directed share issue, in
deviation from the shareholders' pre-emptive right, if a compelling financial
reason exists for the company to do so. The total number of new shares to be
offered for subscription is a maximum of 2,500,000 in total. The authorization
is proposed to be valid until the Annual Shareholders' Meeting in 2025, however
no more than 18 months from the approval at the Annual Shareholders' Meeting
Authorization of the Board of Directors to decide on charitable contributions
As proposed by the Board of Directors, the Annual Shareholders' Meeting
authorized the Board of Directors to decide on contributions in the total
maximum amount of EUR 100,000 for charitable or similar purposes, and to decide
on the recipients, purposes and other terms of the contributions. The
authorization is valid until the Annual Shareholders' Meeting in 2025.
Aspo Plc
Rolf Jansson
CEO
Further information:
Rolf Jansson, CEO, +358 400 600 264, rolf.jansson@aspo.com
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Distribution:
Nasdaq Helsinki
Key media
www.aspo.com (http://www.aspo.com)
Aspo creates value by owning and developing business operations sustainably and
in the long term. Our companies aim to be market leaders in their sectors. They
are responsible for their own operations, customer relationships and the
development of these aiming to be forerunners in sustainability. Aspo supports
its businesses profitability and growth with the right capabilities. Aspo Group
has businesses in 13 different countries, and it employs a total of
approximately 700 professionals.
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