YIT names members of nomination board.
M2 EQUITYBITES-February 6, 2018-YIT names members of nomination board
(C)2018 M2 COMMUNICATIONS http://www.m2.com
YIT Oyj (HEL:YTY1V), a large Finnish and North European construction company, on Monday reported that the members of its shareholders' nomination board are Juhani Makinen, counsellor of law, representing the shareholder group (14.89% of shares and votes); Risto Murto, president and CEO, Varma Mutual Pension Insurance Company (7.55% shares and votes); Maarit Toivanen-Koivisto, chair of the board of directors, Onvest Oy (4.21% shares and votes) and Matti Vuoria, chairman of YIT's board of directors, serving as an expert member on the nomination board. Murto is chairman of the nomination board.
Reportedly, the merger of YIT Corporation and Lemminkainen Corporation was completed on 1 February 2018. YIT's Extraordinary General Meeting, which approved the merger on 12 September 2017, resolved that, in deviation from the current standing order of the YIT shareholders' nomination board, the right to nominate members to the nomination board shall rest with the three largest shareholders who are registered in the shareholders' register on the registration date of the execution of the merger.
Under this mentioned standing order, a shareholder group can agree on appointing a joint representative to the nomination board and the shareholders who have agreed on appointing a joint representative are PNT Group Oy, Noora Forsten, Fideles Oy, Kristina Pentti-von Walzel, Eva Pentti-Kortman and Kristian Pentti.
As on 1 February 2018, YIT's three largest shareholders, in accordance with the shareholder register maintained by Euroclear, including the shareholder group, are the above mentioned shareholder group, Varma Mutual Pension Insurance Company and Onvest Sijoitus Oy.
This nomination board will prepare the proposals concerning board members and board compensation for the following General Meeting, which is planned to be held on 16 March 2018.
((Comments on this story may be sent to email@example.com))
|Printer friendly Cite/link Email Feedback|
|Publication:||M2 EquityBites (EQB)|
|Date:||Feb 6, 2018|
|Previous Article:||Intercontinental Exchange declares record trading week for NYSE FANG+ Index Futures contract.|
|Next Article:||Varian expands quality assurance tool portfolio via acquisition of Mobius Medical Systems.|