Sponda - Company Announcement

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

Sponda Plc          Stock Exchange Release 22 January 2015, 10:40


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 16 March 2015 that the Board
will consist of seven members. The Nomination Board further propose that
Kaj-Gustaf Bergh, Christian Elfving, Paul Hartwall, Juha Laaksonen, Leena
Laitinen, Arja Talma and Raimo Valo to be re-elected for 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
2016: EUR 66,000 for the Chairman, EUR 40,000 for the Vice Chairman, and EUR
33,000 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, 2015 of Sponda Plc. The
Nomination Board proposes that travel costs be reimbursed in accordance with
the principles approved by the Finnish Tax Administration. 

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
30 September 2014: 



Oy Palsk Ab, Kaj-Gustaf Bergh;
Mutual Pension Fund Varma, Pekka Pajamo; and
HC Fastigheter Holding Oy Ab, Ole Johansson.



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 property investment company specializing in commercial
properties in the largest cities in Finland. Sponda's business concept is to
own, lease and develop retail and office properties and shopping centres into
environments that promote the business success of its clients. The fair value
of Sponda's investment properties is approximately EUR 3.1 billion and the
leasable area is around 1.2 million m².