POHJOLAN VOIMA OYJ STOCK EXCHANGE RELEASE 9 DECEMBER 2025
Resolutions of the Extraordinary General Meeting of Pohjolan Voima Oyj
Pohjolan Voima Oyj’s (the “Company”) Extraordinary General Meeting approved today on 9 December 2025 a reduction in the Company’s share capital in the share series G5 and the acquisition of the shares in the share series in question.
In order to acquire the stocks in the G5 share series, the Company’s share capital will be reduced by EUR 261,148.75. The Company’s restricted shareholders’ equity will be reduced by EUR 261,148.75 which is the purchase price of the shares of the G5 share series as well as the market price of the shares based on the established calculation methods regarding the valuation of the Company’s shares. The acquisition of the shares to the Company will be finalized on the first day of the calendar month following the reduction of the share capital. The shares in the G5 share series will be nullified after the acquisition. The shares in the G5 share series will be acquired as a directed acquisition to which there is a weighty financial reason as set out in Chapter 15 Section 6 of the Finnish Limited Liability Companies Act. The shares in the G5 share series have entitled to power generated by Laanilan Voima Oy’s power plants. The power plants of Laanilan Voima Oy have been demolished and the Board proposes to the Extraordinary General Meeting the issuance of a binding rule to set Laanilan Voima Oy into liquidation. There is no longer power production in the G5 share series and therefore, it is appropriate for the Company to acquire the shares and to nullify the share series. The Extraordinary General Meeting further resolved to amend Sections 3 and 4 of the Company’s Articles of Association following the cancellation of shares. All references to the G5 share series and Laanilan Voima Oy, as well as related rights and obligations, will be removed.
After the reduction, the Company’s share capital will be EUR 47,432,384.22 and the share premium fund will be EUR 191,592,407.63. The reduced share capital of the Company and any other non-distributable items referred to in Chapter 13, Section 5 of the Limited Liability Companies Act will remain fully covered after the reduction of the share capital.
Further, the Extraordinary General Meeting resolved to amend the decision made on 21 March 2025 regarding changes to the Articles of Association so that the amendments to Sections 10 and 12 concerning the selection of a sustainability report assurer will not be implemented, and no provision regarding the selection of a sustainability report assurer will be included in the Articles of Association.
The Extraordinary General Meeting elected Wilhelm Wolff as a member of the Board of Directors as of 9 December 2025 to replace Esa Kaikkonen, following Kaikkonen’s announcement of resignation from the Board.
Distribution:
Nasdaq Helsinki
Further enquiries:
CFO Minna Laakso, Pohjolan Voima Oyj, +358 40 5060 802,
About Pohjolan Voima Oyj
Pohjolan Voima is a long-lived Finnish energy company. We are one of Finland’s largest energy producers – our production accounts for approximately 20% of the nation’s total electricity production. The electricity we produce is almost completely carbon neutral. We produce electricity and heat at cost price for the needs of our owners – Finnish industrial and energy companies – with reliable and adjustable hydropower, thermal power and nuclear power that ensures security of supply. We are a team of top professionals and a proven good place to work. At Pohjolan Voima, we pride ourselves on doing meaningful work in line with our values, skilfully, reliably, together. As a responsible actor, we align security of supply, cost-efficiency and environmental impacts in our production. We are committed to carbon neutrality and improving biodiversity. Our objective is to create decisive power to strengthen competitiveness and contribute to a better tomorrow.