LINDEX GROUP plc, Other information disclosed according to the rules of the
Exchange 28.1.2026 at 10:00 EET
Proposal of the Shareholders' Nomination Board for the composition and
remuneration of Lindex Group's Board of Directors
Lindex Group's Shareholders' Nomination Board has in its meeting decided to
propose the following to the Annual General Meeting, which will be held on 26
March 2026:
The Shareholders' Nomination Board proposes that the number of members of the
Board of Directors will be seven (7).
The Shareholders' Nomination Board proposes that the present Board members
Stefan Björkman, Andrea Collesei, Roland Neuwald, Sari Pohjonen, Tracy Stone and
Harriet Williams, all having given their consents, will be re-elected for the
term of office continuing until the end of the next Annual General Meeting.
The Shareholders' Nomination Board proposes that Matti Piri having given his
consent, be elected as new member of the Board of Directors for the term of
office continuing until the end of the next Annual General Meeting. Matti Piri
is independent of the company and major shareholders.
Current Board member Timo Karppinen has informed that he will no longer be
available as member of the company's Board of Directors.
Should any member of the candidates proposed by the Shareholders' Nomination
Board for any reason not be available for election to the Board of Directors,
the proposed number of Board members shall be decreased accordingly, and the
remaining available candidates are proposed to be elected in accordance with the
proposal by the Shareholders' Nomination Board.
The Shareholders' Nomination Board recommends that with regard to the selection
procedure for Board members, the shareholders take a position on the proposal as
a whole at the Annual General Meeting.
The proposed Board members have informed the company that, if elected, they will
elect Sari Pohjonen as Chair of the Board and Roland Neuwald as Vice Chair of
the Board.
The Shareholders' Nomination Board proposes that the Chair of the Board be
compensated EUR 92600 (2025: EUR 85000), the Vice Chair EUR 61800 (2025: EUR
60000), and other members EUR 43800 (2025: EUR 42500) as annual remuneration.
The annual remuneration will be paid in company shares and cash, so that company
shares will be acquired on behalf of the Board members to a value of 40% of the
remuneration and the rest will be paid in cash. The company will cover the costs
for the acquiring of the shares and the transfer tax. The shares will be
acquired within two weeks from the publishing of the Interim Report 1 January -
31 March 2026, or as soon as it is possible in accordance with applicable
legislation. If the shares are not purchased and/or delivered based on a reason
pertaining to the company or the Board member, the fee will be in cash in its
entirety. The shares acquired for the Board members in 2026 cannot be handed
over until two years from the date of purchase, or until the term of office of
the person in question has ended, depending on which of the occasions takes
place first.
In addition, the Shareholders' Nomination Board proposes that Chair of the Audit
Committee is compensated a fixed fee for the Committee work EUR 10300 (2025: EUR
10000) and Member of the Audit Committee EUR 5200 (2025: 5000) year as annual
remuneration.
The Shareholders' Nomination Board proposes that meeting fees will remain
unchanged:
- meeting fee for the Chair of the Board EUR 1 200/meeting
- meeting fee for the Board member EUR 600/meeting
- meeting fee for the Chair of the Audit Committee EUR 1 200/meeting
- meeting fee for the Audit Committee member EUR 600/meeting
- meeting fee for the Chair of the People and Remuneration Committee EUR 1
200/meeting
- meeting fee for the People and Remuneration Committee member EUR 600/meeting
In addition, if the meeting takes place physically outside the country of
residence of the Chair or member of the Board or member of Board Committee,
their fee will be doubled.
When a member participates in the meeting via remote connection, or for the
decisions that are confirmed without convening a meeting, the meeting fee is EUR
1 200 for the Chair and EUR 600 for the member as a meeting remuneration for
each meeting. The travel expenses of Board members are compensated in accordance
with the company's travel policy.
Additional information on the members proposed by the Lindex Group's
Shareholders' Nomination Board can be found on the company's website
lindexgroup.com (http://www.lindex-group.com/). The proposals of the
Shareholders' Nomination Board will be included in the notice to the Annual
General Meeting.
Stefan Björkman (nominated by Nordic Retail Partners JV LP) acts as Chair of
Lindex Group's Shareholders' Nomination Board, Fabian Chrobog (nominated by
North Wall Capital LLP), Markus Aho (nominated by Varma Mutual Pension Insurance
Company), Björn Teir (nominated by The Society of Swedish Literature in Finland)
act as members of the Shareholders' Nomination Board. In addition, Lindex
Group's Chair of the Board Sari Pohjonen joins the Shareholders' Nomination
Board as an expert member.
LINDEX GROUP plc
Susanne Ehnbåge
CEO
Further information:
Stefan Björkman, Chair of the Shareholders' Nomination Board of Lindex Group
plc, tel. +358 50 63219
Distribution:
Nasdaq Helsinki
Principal media
Lindex Group plc is an international multichannel retail group with two
divisions: Lindex and Stockmann. Lindex is a global fashion company with a
purpose to drive meaningful change for women. Its three strong categories
include women's and kids' wear as well as lingerie, where it is a market leader
in the Nordics. Stockmann is a premium multi-brand retailer with department
stores in Finland and the Baltics. Its purpose is to be a marketplace for a good
life. In 2024, the Lindex Group's revenue was EUR 940 million and it had some 5
750 employees. The Group's roots lie in the Stockmann company founded in 1862
and its shares are listed on the Nasdaq Helsinki Ltd. in Finland.
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