EXEL COMPOSITES PLC | STOCK EXCHANGE RELEASE | 10 OCTOBER 2025 AT 1.00 PM EEST
Exel Composites Plc: Composition of Shareholders' Nomination Board
The following persons have been appointed as members of Exel Composites'
Shareholders' Nomination Board:
· Niina Arkko, Aktia Asset Management
· Ville Kivipelto, Danske Invest Finnish Equity Fund
· Jukka Vähäpesola, Elo Mutual Pension Insurance Company
· Petteri Vaarnanen, SP-Fund Management
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 2025. 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 2026.
Information on Exel Composites' Nomination Board and its Charter are available
on the company's website at
https://investors.exelcomposites.com/governance/nomination-board/
More information:
Lauri Haavisto, Director, Investor Relations
investor@exelcomposites.com
+358 20 754 1214
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 www.exelcomposites.com