27.4.2022 | Company Announcement / Press release
Resolutions of Keliber Oy’s Annual General Meeting and the Board of Directors’ Constitutive Meeting
At Keliber Oy’s Annual General Meeting, held today, 27 April 2022, and at the subsequent constitutive meeting of the Board of Directors, the following resolutions were passed.
RESOLUTIONS OF THE ANNUAL GENERAL MEETING
The Annual General Meeting approved the financial statements for 1 January–31 December 2021.
The Annual General Meeting approved the Board of Directors’ proposal that the loss for the financial year ended 31 December 2021 shall be transferred to retained earnings and that no dividend shall be distributed based on the balance sheet to be confirmed for that financial year.
The members of the Board of Directors and the President and CEO of the company were discharged from liability for the financial year 1 January–31 December 2021.
Board of Directors, remuneration and auditor
By the proposal of the Shareholders’ Nomination Board, the Annual General Meeting resolved that the remuneration of the members of the Board of Directors will remain at the current level. Thus, the following fees would be payable to the members of the Company’s Board of Directors:
- for the Chair of EUR 2,500 per month and EUR 1,000 per meeting attended,
- for the Deputy Chair and Board members EUR 1,200 per month and EUR 600 per meeting they have attended,
- for Committee meetings, EUR 600 to the Committee Chair and EUR 400 to committee members per meeting they have attended.
The Shareholders’ Nomination Board proposes that the meeting fees shall be the same regardless of the meeting method. Thus, the same fees shall be payable for telephone and physical meetings.
Furthermore, the General Meeting resolved that no remuneration for the board work shall be payable for those members of the Board of Directors who are employed by the largest shareholder of the Company, Sibanye Stillwater Limited.
As proposed by the Shareholders’ Nomination Board, the meeting resolved that the number of members of the Board of Directors will be seven (7).
Current board members Mika Seitovirta (chairperson), Timo Kärkkäinen (deputy chairperson), Harri Natunen, Karin Tynelius, Richard Stewart, Robert Van Niekerk, and Ivar S. Fossum were re-elected as board members. The board members’ term ends at the close of the next Annual General Meeting.
In addition, as proposed by the Shareholders’ Nomination Board, the meeting resolved that Mika Seitovirta will continue as the chairperson of the Board of Directors and Timo Kärkkäinen as the deputy chairperson of the Board of Directors.
Further details of the members of the Board of Directors are available on the company's website at www.keliber.fi/en/investors/corporate-government-and-management/board/
In accordance with the Board of Directors' proposal, the Annual General Meeting resolved to pay the auditor’s fee pursuant to an invoice approved by the company.
The Annual General Meeting resolved, in accordance with the proposal of the Board of Directors, to re-elect KPMG Oy Ab as the auditor. KPMG Oy has notified the company that Antti Kääriäinen, CPA, will act as the responsible auditor.
RESOLUTIONS OF THE BOARD OF DIRECTORS’ CONSTITUTIVE MEETING
The Board of Directors elected by the Annual General Meeting held its constitutive meeting immediately after the general meeting. The Board appointed committee members for the Audit Committee, the Remuneration Committee, the Finance Committee, and a Joint Technical Committee. The composition of the Board committee members remained unchanged.
The Audit Committee members are Timo Kärkkäinen (chairperson), Mika Seitovirta, and Karin Tynelius.
The Remuneration Committee members are Mika Seitovirta (chairperson), Harri Natunen, and Karin Tynelius.
The Board’s Finance Committee members are Mika Seitovirta (chairperson), Timo Kärkkäinen, Richard Stewart, and Ivar S. Fossum.
The Joint Technical Committee members are Harri Natunen (chairperson), Robert Van Niekerk and Ralph Lombard representing Sibanye Stillwater Limited, and Ville Miettinen representing Finnish Minerals Group.
For further information, please contact:
Markus Kivimäki, Deputy CEO, Keliber Oy, tel. +358 50 349 5687
27.4.2022 / Keliber Oy