Remuneration of the Board

In accordance with the decision of the 2024 AGM, the fixed annual remuneration of the Board of Directors is as follows:

• EUR 55 600 to ordinary members of the Board of Directors
• EUR 73 500 to the Deputy Chairperson 
• EUR 137 500 to the Chairperson.

.In addition to these fees, the meeting approved that the Chairperson of a permanent Board Committee receives an annual fee of EUR 20 000 and a member of a permanent Board Committee receives an annual fee of EUR 10 000. In addition, a remuneration of EUR 800 is paid to the Board members elected by the AGM for each permanent or temporary committee meeting. Further, the meeting decided that remuneration for employee representatives elected as ordinary members of the Board of Directors will be an annual fee of EUR 15 300 and remuneration for employee representatives elected as deputy members of the Board of Directors be paid an annual fee of EUR 7 650.

The meeting also approved that part of the annual remuneration may be paid in the company’s shares purchased from the market. An elected member of the Board of Directors may, at his/her discretion, choose from the following five alternatives:

1 No cash, 100% in shares
2 25% in cash, 75% in shares
3 50% in cash, 50% in shares
4 75% in cash, 25% in shares, or
5 100 in cash, no shares

Shares will be acquired directly on behalf of the members of the Board within two weeks from the release of the company’s interim report 1 January–31 March 2024. If the remuneration cannot be delivered at that time due to insider regulation or other justified reason, the company shall deliver shares later or pay the remuneration fully in cash.

Remuneration of the employee representatives elected as the ordinary members in the Board of Directors will be paid in cash.