Sponda - Company Announcement

Proposals on the Board composition and remuneration by Shareholders’ Nomination Board of Sponda

Sponda Plc          Stock Exchange Announcement 17 January 2013, 3:15 pm



Proposals on the Board composition and remuneration by Shareholders' Nomination
Board of Sponda 

In its meeting, the Shareholders' Nomination Board of Sponda has decided to
propose to the Annual General Meeting to be held 18 March 2013 that the Board
will consist of seven members. The Nomination Board further propose that Klaus
Cawén, Tuula Entelä, Arja Talma and Raimo Valo to be re-elected for the Board
of Directors and that Kaj-Gustaf Bergh, Christian Elfving and Juha Laaksonen to
be elected as new members of the Board of Directors. 

The Nomination Board proposes to the Annual General Meeting that the annual
remuneration payable to the members of the Board to be elected at the Annual
General Meeting for the term until the close of the Annual General Meeting in
2014: EUR 60,000 for the Chairman, EUR 36,000 for the Vice Chairman, and EUR
31,200 for each member. Additional compensation of EUR 1,000 shall be paid for
the Chairman of the Board for the Board meetings attended and EUR 600 shall be
paid for the members of the Board for the Board meetings attended. The
Nomination Board proposes that EUR 600 shall be paid for member of the Board
for committee meetings and EUR 1,000 shall be paid for the Chairman of the
Audit Committee for the Audit Committee meetings attended. The Nomination Board
proposes that 40 % of the fixed annual remuneration be paid in Sponda shares
purchased from the market. The shares will be purchased within two weeks from
the release of the interim report January 1 - March 31, 2013 of Sponda Plc. 

The Board of Directors will incorporate the proposals into the Annual General
meeting notice which will be published later. 

The Shareholders' Nomination Board consisted of three largest shareholders on 1
October 2012: 


Solidium Oy, represented by Kaj-Gustaf Bergh, Oy Palsk Ab
Mutual Pension Fund Ilmarinen, Timo Ritakallio
Mutual Pension Fund Varma, Risto Murto



For further information, please contact: Kaj-Gustaf Bergh, Chairman of the
Shareholders' Nomination Board, Tel. +358 40 524 7730. 



Sponda Plc


Kari Inkinen
President and CEO



Sponda Plc is a real estate company specializing in commercial properties in
the largest cities in Finland and in Russia. Sponda's business concept is to
own, lease and develop office, retail and logistics properties into
environments that promote the business success of its clients. The fair value
of Sponda's investment properties is approximately EUR 3.2 billion euros and
the leasable area is around 1.5 million m².

Attachments:

Juha Laaksonen CV_EN.pdf

Kaj-Gustaf Bergh CV_EN.pdf

Christian Elfving CV_EN.pdf