Raisio plc: Proposal to Annual General Meeting 2024 for members of the Board and their remuneration

Raisio plc, Stock Exchange Release  December 14, 2023

PROPOSAL TO ANNUAL GENERAL MEETING 2024 FOR MEMBERS OF THE BOARD AND THEIR REMUNERATION

The planned date for Raisio’s Annual General Meeting is Tuesday 9 April 2024. Based on the proposals by the Supervisory Board’s Nomination Committee, the Supervisory Board of Raisio makes the following proposals to the Annual General Meeting. The proposals will be included in the notice of the Annual General Meeting, which will be published separately.

Remuneration of the members of the Board of Directors

During the term commencing after the closing of the Annual General Meeting, the remuneration payable to the Chairman of the Board would be EUR 5,150 per month and the remuneration to the members of the Board EUR 2,650 per month. Approximately 20% of this remuneration shall be paid by assigning shares in the company’s possession and approximately 80% in cash. The remuneration shall be paid in two equal instalments during the term, so that the first instalment is paid on 15 June and the second on 15 December. In addition to this, a remuneration of EUR 800 would be paid to the Chairman of the Board for each board meeting and to the chairmen of the Board’s committees for each committee meeting and a remuneration of EUR 400 to the members of the Board for each board meeting, including the meetings of the Board’s committees. Remuneration for meetings would be paid in cash. Moreover, they will receive per diem allowance for meeting days and their travel expenses will be compensated according to the company’s travelling rules.

Number of members of the Board of Directors

The number of members of the Board of Directors would be confirmed as six (6).

Election of members of the Board of Directors

Current members of the Board Leena Niemistö, Lauri Sipponen, Ann-Christine Sundell, Pekka Tennilä and Arto Tiitinen would be re-elected and Tero Hemmilä elected as a new member, all for the term commencing at the closing of the General Meeting.

All nominees are independent in relation to the company and from its significant shareholders according to the definition set out in the Finnish Corporate Governance Code and all have given their consent for the election. Further information on the nominees is available on the company’s website https://www.raisio.com/en/investors/corporate-governance/annual-general-meetings/.

RAISIO PLC

Sari Koivulehto-Mäkitalo, CLO

Tel. +358 40 5949512 

Further information:
Tuomas Levomäki, Chairman of the Supervisory Board
Tel. +358 40 586 6915

Raisio Group
At Raisio, we make food from the heart, with the aim of bringing health to ourselves and the Earth. We keep creating better plant-based and heart-healthy products so that eating healthily and within the Earth’s ecological capacity can be a pleasure. Our strong brands, such as Benecol®, Härkis® and Elovena®, turn our ambitions into reality. Through our responsibility work, we make the hard choices for consumers, so that they can choose Raisio products with confidence. We have around 350 healthy food colleagues in six countries and export to more than 40 markets around the world. Raisio's shares are listed on Nasdaq Helsinki Ltd. In 2022, the Group’s comparable net sales for continuing operations were approximately EUR 221 million and the comparable EBIT was approximately EUR 18 million. www.raisio.com