Innofactor Plc Stock Exchange Release January 27, 2015, at 8:30 Finnish time
After discussing with other major owners, Innofactor’s Chairman of the Board, Sami Ensio, has given the Board of Directors of the company his proposal for the Annual General Meeting of 2015, according to which the Board of Directors will propose to the Annual General Meeting the following: The Board of Directors shall consist of six (6) members and the following persons shall be elected for the next period, which will end as the General Meeting of 2016 ends.
JT Bergqvist, Sami Ensio, Jukka Mäkinen and Ilari Nurmi are proposed to be re-elected. Pekka Puolakka and Ari Rahkonen are proposed to be elected as new members. Based on his discussions with major owners and the persons proposed to be elected to the Board of Directors, Sami Ensio states that the members of the Board of Directors support the motion of electing Ari Rahkonen as the new Chairman.
The Board of Directors will propose that the Chairman of the Board of Directors shall be paid a fee totaling EUR 48,000 per year (previously EUR 36,000) and the other members of the Board of Directors shall be paid a fee totaling EUR 24,000 per year (same as before). No separate fees for meetings shall be paid. Half of the fee (50%) shall be paid monthly in cash and the other half (50%) as shares of Innofactor Plc. The shares shall be handed over to the members of the Board of Directors and, if necessary, shall be acquired from public trading directly on behalf of the members within two weeks of publishing the interim report of Innofactor Plc for January 1–March 31, 2015. In case shares will not be acquired due to a reason arising from the company or the Board member, the entire fee will be paid in cash. Innofactor Plc requires the members of the Board of Directors to keep the shares, which they have received as part of the fees, for the duration of their membership in the Board of Directors.
The Board of Directors has decided to assign Ari Rahkonen, who is a nominee for the Chairman of the Board, as Innofactor’s advisor until the next General Meeting. Mr. Rahkonen was the General Manager of Microsoft Oy until December 31, 2014.
“I am excited for the possibility to have Ari Rahkonen as our Chairman of the Board. Ari and I have been cooperating successfully for several years during his role as the General Manager for Microsoft Finland. Ari knows Innofactor and our major customers in Finland very well and his knowledge of the possibilities offered by the Microsoft ecosystem in Finland and the Nordic Countries is unique. I believe that Ari has a lot to give to Innofactor. It is great that he can start as an advisor right away”, says Innofactor’s founder, main owner and CEO Sami Ensio.
“Innofactor has successfully implemented its strategy as a central actor in the Microsoft ecosystem. I believe that with my eight years of experience in Microsoft, I can help Innofactor in its goal to further increase its business in both Finland and its chosen near market areas. Innofactor has the know-how required to help businesses in their transformations towards effective cloud-based business solutions,” says Ari Rahkonen.
Espoo, January 27, 2015
INNOFACTOR PLC
Board of Directors
Additional information:
Sami Ensio, CEO
Innofactor Plc
Tel: +358 50 584 2029
sami.ensio@innofactor.com
Distribution:
NASDAQ OMX Helsinki
Main media
www.innofactor.com
Innofactor is one of the leading Nordic IT solution providers focused on Microsoft platforms. Innofactor delivers business critical solutions and maintenance services as a system integrator and develops its own software products and services. Innofactor’s own product development is focused on Microsoft’s Windows Azure-based cloud solutions. Innofactor's customers include over 1,000 private and public sector organizations in Finland, Denmark, Sweden and elsewhere in Europe. The company has about 400 motivated and skilled employees in several locations in Finland, Denmark and Sweden. From 2009 to 2013, Innofactor's annual net sales growth has been 43% on average. Leading Finnish business media Kauppalehti and Balance Consulting selected Innofactor as the most successful company on the Finnish stock exchange in 2013. The Innofactor Plc share is listed in the technology section of the main list of NASDAQ OMX Helsinki Oy.