Composition of Exel Composites' Shareholders' Nomination Board
EXEL COMPOSITES PLC STOCK EXCHANGE RELEASE 2 OCTOBER 2024 at 9:00 EEST
The following persons have been appointed as members of Exel Composites' Shareholders' Nomination Board:
Markus Lindqvist, Aktia Mikro Markka
Matias Arola, Danske Invest Finnish Equity Fund
Jukka Vähäpesola, Elo Mutual Pension Insurance Company
Petteri Vaarnanen, Sp-Fund Management Company
and Jouni Heinonen, Chairman of the Board of Directors, Exel Composites Plc, as an expert member.
The Shareholders' Nomination Board consists of the representatives of the four largest shareholders and of the Chairman of the Board of Directors, acting as an expert member. Should a shareholder not wish to use its right to nominate, this right would be passed on to the next largest shareholder who otherwise would not be entitled to appoint a member. The largest shareholders entitled to appoint members to the Nomination Board were determined on the basis of the registered holdings in the company's shareholder register held by Euroclear Finland Oy on 30 September 2024. Shares that are included in a shareholder's holdings were calculated in accordance with Chapter 9, Sections 5 and 6 of the Finnish Securities Markets Act. Nominee-registered shares were taken into account in the determination of the largest shareholders.
According to the Charter of the Shareholders' Nomination Board, approved by the Annual General Meeting, the Nomination Board prepares the proposals concerning Board of Directors' members and their remuneration for the following Annual General Meeting. The Nomination Board gives its proposal to the Board of Directors of the company at the latest by 31 January 2025.
Information on Exel Composites' Nomination Board and its Charter are available on the company's website atwww.exelcomposites.com.
Additional Information:
Lilli Riikonen, Head of Investor Relations
investor@exelcomposites.com
tel. +358 50 351 1128
Exel Composites in brief
Exel Composites is one of the largest manufacturers of composite profiles and tubes made with pultrusion and pullwinding technologies and a pultrusion technology forerunner in the global composite market. Our forward-thinking composite solutions made with continuous manufacturing technologies serve customers in a wide range of industries around the world. You can find our products used in applications in diverse industrial sectors such as wind power, transportation and building and infrastructure.
Our R&D expertise, collaborative approach and global footprint set us apart from our competition. Our composite solutions help customers save resources, reduce products' weight, improve performance and energy efficiency, and decrease total lifetime costs. We want to be the first choice for sustainable composite solutions globally.
Headquartered in Finland, Exel Composites employs over 600 forward-thinking professionals around the world and is listed on Nasdaq Helsinki. To find out more about our offering and company please visit visit www.exelcomposites.com.
Exel Composites Plc