A request for items on the agenda of the Annual General Meeting
A shareholder has the right to request on the agenda of the annual general meeting an item that falls within the competence of the general meeting by virtue of the Limited Liability Companies Act, provided that the shareholder demands so in writing from the Board of Directors, well in advance of the meeting, so that the item can be added in the notice of the annual general meeting. Such requests must be submitted to Outokumpu Board of Directors by January 16, 2023 either by mail to AGM / Outokumpu Oyj, P.O. Box 245, 00181 Helsinki, Finland or by email to the secretary of the Board firstname.lastname@example.org.
Proposals by the Shareholders' Nomination Board to the Annual General Meeting
The Shareholders’ Nomination Board has given its proposals to the next Annual General Meeting. The Nomination Board proposes that the Board of Directors would consist of eight (8) members and that of the current members of the Board of Directors Heinz Jörg Fuhrmann, Kati ter Horst, Kari Jordan, Päivi Luostarinen, Petter Söderström, Pierre Vareille and Julia Woodhouse would be re-elected, and that Jyrki Mäki-Kala would be elected as new member, all for the term of office ending at the end of the next Annual General Meeting. The Nomination Board also proposes that Kari Jordan would be re-elected as the Chairman and Kati ter Horst as the Vice Chairman of the Board of Directors. Each of the proposed Board members has consented to their respective appointment.
The Shareholders’ Nomination Board proposes that the annual remuneration of the Chairman of Board of Directors would be increased to EUR 174,000 (2022: 169,000 euros) and that the annual remuneration of the Vice Chairman and the Chairman of the Audit Committee would be kept at the same level as during the previous term at EUR 93,500 and the annual remuneration of the other members of the Board of Directors at EUR 72,500. The Shareholders’ Nomination Board proposes that the meeting fees, which would be paid also for the Board Committee meetings, would be increased to EUR 800 per meeting for each member of the Board of Directors (2022: EUR 600) and to EUR 1,600 when travelling to a meeting held outside the Board member’s country of residence (2022: EUR 1,200). The meeting fees are paid in cash.
All the details of the proposals have been published on December 2, 2022 in the stock exchange release.