Proposals of the Shareholders’ Nomination Board of Detection Technology to the Annual General Meeting 2023

Detection Technology Plc company announcement 20 December 2022 at 09:00 (EET)

Proposals of the Shareholders’ Nomination Board of Detection Technology to the Annual General Meeting 2023

Proposal on the number of the members, on the composition, and on the Chairman of the Board of Directors

The Shareholders’ Nomination Board of Detection Technology Plc (Nomination Board) proposes to the Annual General Meeting 2023 that the number of members of the Board of Directors would be six (6).

The Nomination Board proposes that Carina Andersson, Marion Björkstén, Richard Ingram, Pasi Koota, Henrik Roos and Hannu Syrjälä would be re-elected members of the Board of Directors.

All candidates have given their consent to the election. All candidates are independent of the company. The candidates are also independent of Detection Technology Plc’s significant shareholders, with the exception of Pasi Koota, who acts as CFO of Ahlström Capital Oy. The largest shareholder of Detection Technology Plc, Ahlstrom Capital BV is a group company of Ahlström Capital Oy.

The Nomination Board recommends that Hannu Syrjälä is re-elected Chairman of the Board of Directors.

Proposal on the remuneration of the Board of Directors

The Nomination Board proposes that the annual fixed remuneration of the Board of Directors remains unchanged and would be as follows: the Chairman would be paid an annual fee of EUR 65,000 (2022: EUR 65,000) and ordinary members of the Board of Directors an annual fee of EUR 37,000 (2022: EUR 37,000).

An elected member of the Board of Directors may, at his/her discretion, choose to receive the annual fixed remuneration partly in company shares and partly in cash so that approximately 40% of the annual fixed remuneration is paid in Detection Technology Plc’s shares. The number of shares forming the above remuneration portion, which would be payable in shares, will be determined based on the share value in the stock exchange trading maintained by Nasdaq Helsinki Ltd, calculated as the trade volume weighted average quotation of the share during the one-month period immediately following the date on which the interim report of January-March 2023 of the company is published.

The Nomination Board proposes that the meeting-specific fees payable for each board meeting remain unchanged and would be as follows: for each meeting held in the home country of the respective member, EUR 1,000 to the Chairman of the Board of Directors and EUR 500 to other members of the Board of Directors and for each meeting held elsewhere than in the home country of the respective member, EUR 1,500 to the Chairman of the Board of Directors and EUR 1,000 to other members of the Board of Directors.

In addition, the Nomination Board proposes that the members of the audit committee and the remuneration committee would be paid a meeting-specific fee of EUR 500 per meeting.

The travel expenses of the members of the Board of Directors are compensated in accordance with the company’s travel policy.

All of the proposals made by the Nomination Board were unanimous. The proposals will be included in the Notice to the Annual General Meeting. The Annual General Meeting is scheduled for 30 March 2023.

As of 1 September 2022, the Nomination Board has consisted of the Chairman of the Nomination Board CEO of Ahlström Capital Lasse Heinonen as the representative of Ahlstrom Capital BV; and Board Member of OP Fund Management Company Kalle Saariaho representing the OP mutual funds, and, Director, Sustainability of Aktia Bank Markus Lindqvist representing the Aktia Capital funds. The Chairman of Detection Technology’s Board of Directors Hannu Syrjälä serves as an expert member of the Nomination Board.

Detection Technology Plc
 

Further information
Lasse Heinonen, +358 10 888 4450
Chairman of the Shareholders’ Nomination Board of Detection Technology Plc

Nordea is the company’s Certified Advisor under the Nasdaq First North GM rules.

Detection Technology is a global provider of X-ray detector solutions for medical, security, and industrial applications. The company’s solutions range from sensor components to optimized detector subsystems with ASICs, electronics, mechanics, software, and algorithms. It has sites in Finland, China, France, and the US. The company’s shares are listed on Nasdaq First North Growth Market Finland under the ticker symbol DETEC.

Distribution: Nasdaq Helsinki, key media, www.deetee.com