KALMAR CORPORATION, STOCK EXCHANGE RELEASE, 1 July 2024 AT 9:15 AM (EEST)
Composition of Kalmar Corporation's Shareholders' Nomination Board
Kalmar Corporation's ("Kalmar" or the "Company") Shareholders' Nomination Board
("Nomination Board") has been appointed in accordance with the Charter of the
Nomination Board approved by Cargotec Corporation's ("Cargotec") Annual General
Meeting held on 30 May 2024, which also resolved on the partial demerger of
Cargotec and the incorporation of Kalmar.
The Nomination Board consists of four (4) members. According to the Charter of
the Nomination Board, the members of the Nomination Board are appointed as
follows: the two largest shareholders of class A shares are entitled to appoint
one (1) member each, and the two largest shareholders of class B shares who do
not own any class A shares, are entitled to appoint one (1) member each.
According to the Charter of the Nomination Board, the number of votes held by
each shareholder of all shares in the Company are determined based on the
shareholders' register of Kalmar as per the situation on the first banking day
of June each year. As Kalmar was not established until the completion of the
demerger on 30 June 2024, the right to appoint members to the Nomination Board
was determined based on Cargotec's shareholders' register as per the situation
on the first banking day of June, i.e., 3 June 2024. In the demerger of
Cargotec, the shareholders of Cargotec received as demerger consideration one
(1) new share of the corresponding share class (i.e., class A or class B) in
Kalmar for each class A and each class B share they held in Cargotec.
In accordance with the above, the members of Kalmar's Nomination Board are:
* Ilkka Herlin (appointed by Wipunen varainhallinta oy)
* Heikki Herlin (appointed by Mariatorp Oy)
* Mikko Mursula, Deputy CEO, Investments, Ilmarinen Mutual Pension Insurance
Company (appointed by Ilmarinen Mutual Pension Insurance Company)
* Carl Pettersson, CEO, Elo Mutual Pension Insurance Company (appointed by Elo
Mutual Pension Insurance Company).
In accordance with the Charter of the Nomination Board, the Chair of Kalmar's
Board of Directors, Jaakko Eskola, participates in the Nomination Board's work
as an expert without having the right to participate in the decision-making of
the Nomination Board.
The Nomination Board is responsible for preparing proposals to the Annual
General Meeting, and if necessary, to the Extraordinary General Meeting of
Kalmar, on the number, election and remuneration of the members of the Board of
Directors. The Nomination Board shall submit its proposals to the Company's
Board of Directors no later than on the last day of January preceding the Annual
General Meeting.
Further information on the Nomination Board is available on Kalmar's website at
www.kalmarglobal.com/investors/governance/.
For more information:
Carina Geber-Teir, SVP, IR, Marketing & Communications, tel. +358 40 502 4697
Camilla Maikola, Director, Investor Relations, tel. +358 50 442 7900
About Kalmar
Kalmar (Nasdaq Helsinki: KALMAR) is moving goods in critical supply chains
around the world, with the vision to be the forerunner in sustainable material
handling equipment and services. The company offers a wide range of industry
shaping heavy material handling equipment and services to ports and terminals,
distribution centres, manufacturing and heavy logistics. Headquartered in
Helsinki, Finland, Kalmar operates globally in over 120 countries and employs
approximately 5,000 people. In 2023, the company's sales on a carve-out basis
totalled approximately EUR 2.0 billion. www.kalmarglobal.com
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