Proposals of Affecto's Nomination Committee


Helsinki, 2012-01-11 08:30 CET (GLOBE NEWSWIRE) -- AFFECTO PLC  --  STOCK EXCHANGE RELEASE  --  11 JANUARY 2012 at 9.30

Proposals of Affecto's Nomination Committee

The Annual General Meeting in March 2011 resolved to appoint a shareholders' Nomination Committee to prepare proposals concerning members of the Board of Directors and their remuneration for the following Annual General Meeting. The three largest shareholders, Cantell Oy, OP Fund Management Company and Mika Laine appointed Aaro Cantell, chairman of Affecto's Board of Directors, Samuli Sipilä, managing director of OP Fund Management Company, and Mika Laine as members of the Nomination Committee.

The Nomination Committee proposes for the Annual General Meeting, planned to be held on 19 April 2012, that the number of board members would remain six and the current board members would be re-elected for the next term. Current board members are Aaro Cantell (chairman), Jukka Ruuska (vice chairman), Heikki Lehmusto, Haakon Skaarer, Tuija Soanjärvi and Lars Wahlström.

The Nomination Committee proposes that the amount of fees for the board members would remain unchanged: EUR 1,800 monthly fee for the members, EUR 2,500 for the Vice-Chairman and EUR 3,200 for the Chairman. A fee of EUR 250 shall be paid for participation in committee meetings, save for meetings of the Nomination Committee. Additionally, the Nomination Committee asks the board to prepare a proposal for the Annual General Meeting about paying the board fees partially with Affecto shares.

 

Affecto Plc
Hannu Nyman
Senior Vice President, M&A, IR

www.affecto.com

 

         Additional information:
         
         Aaro Cantell, Chairman of the board, tel. +358 400 706 072
         Hannu Nyman, SVP M&A, IR, tel +358 205 777 761