Sponda Plc Stock Exchange Announcement 20 January 2009, 9:55 am
PROPOSALS ON THE BOARD COMPOSITION AND REMUNERATION BY SHAREHOLDERS' NOMINATION
COMMITTEE OF SPONDA
In its meeting, the Shareholders' Nomination Committee of Sponda has decided to
propose to the Annual General Meeting to be held on 25 March 2009 and that the
Board will consist of seven members. The Nomination Committee further propose
that Klaus Cawén, Tuula Entelä, Timo Korvenpää, Lauri Ratia, Arja Talma and
Erkki Virtanen to be re-elected for the Board of Directors and that Martin
Tallberg be elected as the new member of the Board of Directors. Mr Tallberg has
resigned from his position as a Member of the Board of Julius
Tallberg-Kiinteistöt Oyj.
Furthermore, the Nomination Committee has decided to propose that the
remuneration to the members of the Board of Directors stays at the previous
level and would be as follows:
Monthly fee, Meeting fee,
Euros Euros
Chairman 5.000 600
Deputy Chairman 3.000 600
Other Board members 2.600 600
The Board of Directors will incorporate the proposals into the Annual General
meeting notice which will be published later.
For further information, please contact: Pekka Timonen, Chairman of the
Shareholders' Nomination Committee, Tel. +358 9 1602 3000
Sponda Plc
Kari Inkinen
President and CEO
Sponda Plc is a real estate company specializing in commercial properties in the
largest cities in Finland and in Russia. Sponda's business concept is to own,
lease and develop office, retail and logistics properties into environments that
promote the business success of its clients. The fair value of Sponda's
investment properties is approximately EUR 2.9 billion euros and the leasable
area is around 1.4 million m².
Proposals of the Board composition and remuneration by shareholders' Nomination Committee of Sponda
| Source: Sponda Oyj