Stock Exchange Releases

Technopolis Plc: Proposals of the Nominating Committee to the General Meeting

TECHNOPOLIS PLC         STOCK EXCHANGE RELEASE         February 1, 2012 at 9:00

 

Technopolis Plc: Proposals of the Nominating Committee to the General Meeting

The Shareholders’ Nominating Committee established by the General Meeting of Technopolis Plc on March 30, 2011, proposes the following to the General Meeting of March 27, 2012:

Remuneration of the members of the Board of Directors

The Shareholders’ Nominating Committee proposes to the General Meeting that duly elected members of the Board of Directors be paid the following annual remuneration for the term of office expiring at the end of the next annual general meeting:

to the chairman of the Board of Directors EUR 50,000,
to the vice chairman of the Board of Directors EUR 30,000, and
to the other members of the Board of Directors EUR 25,000 each.

The annual remuneration is paid on the condition that the Board member commits to using 50% of his or her annual remuneration to acquire Technopolis Plc shares on the market at the price determined in public trading. The shares are to be acquired within three weeks of the publication of the Interim Report for January 1 – March 31, 2012. If the remuneration cannot be paid as shares in the company, it will be paid fully in cash. Board members are not allowed to transfer their shares obtained as an annual remuneration before their membership in the Board has ended. Long-term and increasing shareholding by Board members is in the interests of all shareholders.

The Shareholders’ Nominating Committee further proposes that for participation in the meetings of the Board of Directors each member of the Board shall be paid a fee of EUR 600 and the chairman of the Board of Directors a fee of EUR 1,200 for each Board meeting and the chairmen of the committees a fee of EUR 800 for each meeting and each member of the committees a fee of EUR 600 for each meeting, and that the travel expenses of the members of the Board of Directors and the members of the committees shall be compensated in accordance with the company’s travel policy.

Number of members of the Board of Directors

The Shareholders’ Nominating Committee proposes to the general meeting that the Board of Directors shall comprise six (6) members.

Election of members of the Board of Directors

The Nominating Committee proposes to the general meeting that the following individuals be re-elected members of the Board of Directors for a term of office ending at the end of the next annual general meeting:

Ms. Teija Andersen,
Mr. Carl-Johan Granvik
Mr. Pertti Huuskonen,
Mr. Pekka Korhonen,
Mr. Matti Pennanen, and
Mr. Timo Ritakallio.

Furthermore, the Nominating Committee proposes that Mr. Carl-Johan Granvik be elected as the chairman of the Board and Mr. Matti Pennanen as the vice chairman for the same term of office.

The information essential to the Board work of all proposed individuals is presented on the company’s website, www.technopolis.fi.

Technopolis Plc

Keith Silverang
CEO
Tel.  +358 40 566 7785

More information:
Pertti Huuskonen
Chairman of the Board of Directors

Tel. +358 400 680 816

Distribution:
NASDAQ OMX Helsinki
Main news media
www.technopolis.fi