Vaisala Corporation
Stock exchange release
March 26, 2024, at 5:00 p.m. (EET)
Resolutions by Vaisala Corporation Annual General Meeting and the Board of
Directors
Vaisala Corporation's Annual General Meeting was held on March 26, 2024. The
meeting approved the financial statements and discharged the members of the
Board of Directors and the President and CEO from liability for the financial
period January 1-December 31, 2023.
Dividend
The Annual General Meeting resolved a dividend of EUR 0.75 per share. The record
date for the dividend payment is March 28, 2024, and the payment date is April
12, 2024.
Board of Directors
The Annual General Meeting confirmed that the number of Board members is nine.
Petri Castrén, Antti Jääskeläinen, Jukka Rinnevaara, Kaarina Ståhlberg, Tuomas
Syrjänen, Raimo Voipio and Ville Voipio will continue as members of the Board of
Directors. Annica Bresky and Lotte Rosenberg were elected as new members.
The Annual General Meeting confirmed that the annual remuneration payable to the
Chair of the Board of Directors is EUR 55,000 and each Board member EUR 40,000
per year. Approximately 40% of the annual remuneration will be paid in Vaisala
Corporation's series A shares acquired from the market and the rest in cash. In
addition, the Annual General Meeting confirmed that the meeting fee for the
Chair of the Audit Committee will be EUR 1,500 per attended meeting and EUR
1,000 for each member of the Audit Committee and Chair and each member of the
People and Sustainability Committee, the Nomination Committee and any other
committee established by the Board of Directors for a term until the close of
the Annual General Meeting in 2025. In addition, members of the Board residing
outside of Finland will be paid a meeting fee of EUR 1,000 per physical meeting
attended. The meeting fees are paid in cash.
Possible travel expenses are reimbursed according to the travel policy of the
company.
Auditor
The Annual General Meeting elected PricewaterhouseCoopers Oy as the auditor of
the company and APA Ylva Eriksson will act as the auditor with the principal
responsibility. The Auditor is reimbursed according to invoice presented to the
company.
Sustainability reporting assurer
The Annual General Meeting elected PricewaterhouseCoopers Oy as the
sustainability reporting assurer of the company and Ylva Eriksson, Authorized
Sustainability Auditor (KRT), as the assurer with principal authority. The
assurer is reimbursed according to invoice presented to the company.
Authorization for the directed repurchase of own series A shares
The Annual General Meeting authorized the Board of Directors to resolve on the
directed repurchase of a maximum of 800,000 of the company's own series A shares
in one or more instalments by using company's unrestricted equity. The
authorization is valid until the closing of the next Annual General Meeting,
however, no longer than September 26, 2025.
Authorization on the issuance of the company's own series A shares
The Annual General Meeting authorized the Board of Directors to resolve on the
issuance of a maximum of 936,697 company's own series A shares. The issuance of
own shares may be carried out in deviation from the shareholders' pre-emptive
rights (directed issue). The authorization entitles the issuance of treasury
series A shares as a directed issue without payment as part of the company's
share-based incentive plan. The subscription price of the shares can instead of
cash also be paid in full or in part as contribution in kind. The authorization
is valid until September 26, 2025. The authorization for the company's incentive
program shall however be valid until March 26, 2028.
THE ORGANIZING MEETING OF THE BOARD OF DIRECTORS
At its organizing meeting held after the Annual General Meeting the Board
elected Ville Voipio as the Chair of the Board of Directors and Raimo Voipio as
the Vice Chair.
The composition of the Board committees was decided to be as follows:
Kaarina Ståhlberg was elected as the Chair and Petri Castrén, Lotte Rosenberg,
and Raimo Voipio as members of the Audit Committee. The Chair and all members of
the Audit Committee are independent both of the company and of significant
shareholders.
Antti Jääskeläinen was elected as the Chair and Annica Bresky, Jukka Rinnevaara,
Tuomas Syrjänen, and Ville Voipio as members of the People and Sustainability
Committee. The Chair and all members of the People and Sustainability Committee
are independent both of the company and of significant shareholders.
Ville Voipio was elected as the Chair and Annica Bresky, Tuomas Syrjänen, and
Raimo Voipio as members of the Nomination Committee. The Chair and all members
of the Nomination Committee are independent both of the company and of
significant shareholders.
Additional information
Paula Liimatta
+358 9 8949 2020, ir@vaisala.com
Distribution
Nasdaq Helsinki
Key media
vaisala.com (http://www.vaisala.com)
Vaisala is a global leader in measurement instruments and intelligence for
climate action. We equip our customers with devices and data to improve resource
efficiency, drive energy transition, and care for the safety and well-being of
people and societies worldwide. With almost 90 years of innovation and
expertise, we employ a team of over 2,300 experts committed to taking every
measure for the planet. Vaisala series A shares are listed on the Nasdaq
Helsinki stock exchange. vaisala.com (http://www.vaisala.com)
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