Remuneration

For the financial year 2022 wages and salaries of Board members and CEO were EUR 215 494 (197 759) in total.

The Annual General Meeting 2022 resolved that the members of the Board of Directors be paid the following remuneration for the term that begins at the close of the Annual General Meeting and ends at the close of the next Annual General Meeting following election: EUR 21,600 for the Chairman of the Board and EUR 10,800 for each of the other members of the Board. Approximately 40% of the remuneration was paid by giving to the Board members new shares in the company, and approximately 60% in cash.

The Extraordinary General Meeting 25 November 2022 resolved that the Board members leaving the Board have the right to 7/12 of the Board remuneration decided and the newly elected Board members to 5/12 of the Board remuneration decided.

The Annual General Meeting 2023 resolved that the members of the Board of Directors to be paid the following remuneration for the term that begins at the end of the Annual General Meeting and ends at the end of the next Annual General Meeting: EUR 21,600 for the Chairman of the Board and EUR 10,800 for each of the other members of the Board. Ms. Kati Ihamäki, whose membership in the Board of Directors begins on 1 November 2023, is entitled to 1/2 of the resolved Board remuneration.

Approximately 40% of the remuneration to be paid by giving to the Board members company’s new shares based on the Board of Directors’ share issue authorization and approximately 60% in cash.