Lehto Group Plc
Stock exchange release
30 January 2026 at 14:00 (Finnish time)
Shareholders´s Nomination Committee
Lehto Group Plc has a Shareholders' Nomination Committee established by a
decision of the General Meeting, whose task is to prepare proposals for the
election and remuneration of the Board of Directors to the Annual General
Meeting.
The Nomination Committee is elected annually and its members include
representatives of the three largest shareholders who have received the
position. The term of office of a member of the Committee is in principle valid
until the last trading day of public trading organized by Nasdaq Helsinki in
September following the election.
The following representatives of the three largest shareholders have been
appointed to the Nomination Committee of Lehto Group Plc: Hannu Lehto as
representative of Lehto Invest Oy, Rami Vehmas as representative of Ilmarinen
Mutual Pension Insurance Company, and Timo Lehto as representative of Elvak
Holding Oy.
Nomination Committee's proposals for the composition and remuneration of the
Board of Directors of Lehto Group Oyj
The Nomination Committee proposes to the Annual General Meeting scheduled for 27
April 2026 that the Board of Directors of Lehto Group Plc should consist of
three (3) members and that Mr. Timo Okkonen, Ms. Tarja Teppo and Mr. Hannu Lehto
be re-elected to the Board. The proposed current members are presented on Lehto
Group Plc's website https://lehto.fi/en/board/.
All candidates have given their consent to be elected to the Board of Directors.
The proposed members, with the exception of Hannu Lehto, are independent of the
Company and its significant shareholders.
The Nomination Committee proposes that the members of the Board of Directors be
paid an annual remuneration consisting of a cash remuneration and a share
remuneration as follows:
· Cash remuneration of EUR 18,000 for the Chairman of the Board and a
remuneration payable in shares of 80,000 shares.
· Cash remuneration of EUR 12,000 for the Vice Chairman and member of the
Board of Directors and a remuneration payable in shares of 80,000 shares.
The remuneration payable in shares is proposed to be paid in such a way that the
members of the Board of Directors would be given free of charge new shares held
by the Company or issued by the Company, or alternatively the Company's shares
would be acquired on a regulated market at a price determined in public trading
directly in the name and on behalf of the member of the Board of Directors.
The member of the Board of Directors should hold the shares for at least the
duration of the Board of Directors' term and for six months thereafter.
It is not proposed that the members of the Board of Directors be paid a separate
meeting fee. The proposed meeting fees for members of the Board committees are:
· EUR 600 per meeting for the Committee Chair
· EUR 400 per meeting for the Committee members.
Reasonable travel expenses incurred for meetings of the Board and Board
committees are proposed to be reimbursed in accordance with the Tax
Administration's guidelines.
Further information:
Veli-Pekka Paloranta
Chief Financial Officer
Tel. +358 400 944 074
veli-pekka.paloranta@lehto.fi