Composition of Betolar Plc’s Shareholders’ Nomination Board

Betolar Plc

Company Release

22 June 2022 at 2 PM EET

Composition of Betolar Plc’s Shareholders’ Nomination Board

The Shareholders’ Nomination Board of Betolar Plc (”Betolar”) consists of five members. The right to appoint members representing the shareholders belongs to the four shareholders who hold the largest share of the votes represented by all shares in the Company on 31 May 2022. In addition, the Chairperson of the Board of Directors is a member of the Nomination Board.

If a shareholder does not want to use their nomination right, the right will transfer to the next largest shareholder. The representative of the largest shareholder shall be selected as the Chairperson of the Nomination Board, unless the Nomination Board decides otherwise.

The composition of the Shareholders’ Nomination Board of Betolar was determined based on holdings on 31 May 2022. Ajanta Innovations Oy decided not to use its nomination right. The following shareholders have used their nomination rights and the following members have been nominated to Betolar’s Shareholders’ Nomination Board:

• Alexander Ehrnrooth, Chairperson of the Shareholders’ Nomination Board, representing shareholder Nidoco AB
• Olli-Pekka Kallasvuo, representing shareholder Juha Leppänen
• Peter Seligson, representing shareholder Ahlstrom Invest B.V.
• Annika Ekman, representing shareholder Ilmarinen Mutual Pension Insurance Company
• Tero Ojanperä, Chairperson of the Board of Betolar

Betolar’s Annual General Meeting held on 23 March 2022 resolved to establish a Shareholders’ Nomination Board and adopted its Rules of Procedure. The purpose of the Nomination Board is to annually prepare and present to the Annual General Meeting, and to Extraordinary General Meeting, when necessary, the proposals for the composition of the Board of Directors and for the renumeration. In addition, the Nomination Board’s duty is to look for successor candidates for the Board Members and to prepare the Board of Directors’ principles regarding diversity.

The Nomination Board will give its proposal to the Company’s Board of Directors for the 2022 Annual General Meeting at latest on January 31, 2022.

Betolar Plc

Further enquiries 

Tero Ojanperä, Chairperson of the Board of Directors, tel. +358 40 558 3096

Certified Adviser:

Skandinaviska Enskilda Banken AB (publ) Helsinki Branch, +358 9 6162 8000

About Betolar

Betolar Plc is a Finnish materials technology company that offers the production of sustainable and low-carbon concrete with the Geoprime® solution. The solution converts several previously unused, massive industrial by-products into a cement substitute.

Betolar's innovation can significantly reduce CO2 emissions compared to traditional cement-based concrete production by optimizing existing manufacturing processes. Betolar’s mission is to enable the green transformation of various industries globally, especially in the construction, process and energy industries by providing solutions to utilise its unique materials technology.

Betolar was founded in 2016 and is headquartered in Kannonkoski, Finland.

For more information, visit https://www.betolar.com/