SHAREHOLDERS' NOMINATION BOARD

The Shareholders' Nomination Board of Aspo is an organ established by the Annual Shareholders Meeting consisting of shareholders or representatives of shareholders to prepare and present proposals to Annual Shareholders Meeting concerning the number and members of the Board of Directors and the remuneration of the Board of Directors and its committees.

The Nomination Board will forward its proposals for the 2024 Annual Shareholders’ Meeting by February 1, 2024.

Representatives of the four largest shareholders registered in Aspo’s shareholder register as of May 31, 2023, are elected to Aspo's Shareholders' Nomination Board. The four largest shareholders of Aspo Plc have nominated the following members to Aspo's Shareholders' Nomination Board:

• Roberto Lencioni (Chairman), Vehmas family including AEV Capital Holding Oy
• Gustav Nyberg, Nyberg family including Oy Havsudden Ab
• Annika Ekman, Ilmarinen Mutual Pension Insurance Company 
• Pekka Pajamo, Varma Mutual Pension Insurance Company

Roberto Lencioni acts as a Chairmain of the Nomination Board. In addition, Heikki Westerlund, Chairman of Aspo Board of Directors, acts as an expert member of the Nomination Board. 

The Nomination Board comprises representatives nominated by the four largest shareholders of the company and, in addition, the Chairman of the company’s Board as an expert member. The right to nominate the shareholder representatives lies with those four shareholders whose share of all the voting rights in the company is the largest on May 31 of the calendar year preceding the Annual Shareholders’ Meeting. However, holdings by a shareholder who, under the Finnish Securities Market Act, has the obligation to disclose its shareholdings (flagging obligation) that are divided into several funds or registers, will be summed up when calculating the share of all the voting rights, provided that such shareholder presents a written request to that effect to the Chairman of the company’s Board of Directors no later than on May 30 of the calendar year preceding the Annual Shareholders’ Meeting. Should a shareholder not wish to use its nomination right, the right transfers to the next largest shareholder.

Nomination Board Report 2021
Nomination Board Report 2020
Nomination Board Report 2019
Nomination Board Report 2018
Nomination Board Report 2017