Resolutions of Oma Savings Bank Plc’s Annual General Meeting

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29.4.2019 13:45

OMA SAVINGS BANK PLC STOCK EXCHANGE RELEASE, 29 APRIL 2019 AT 13.45 P.M EET, DECISIONS OF GENERAL MEETING

Resolutions of Oma Savings Bank Plc’s Annual General Meeting

Oma Savings Bank Plc’s Annual General Meeting was held in Helsinki today, 29 April 2019. The meeting adopted the Annual Accounts including the Consolidated Annual Accounts for 2018 and discharged the members of the Company’s Board of Directors and the CEO from liability for the financial year 2018.

Dividend

The Annual General Meeting resolved, in accordance with the Board of Directors’ proposal, to pay a dividend of EUR 0.14 per share for the financial year that ended on 31 December 2018. The dividend will be paid to shareholders registered in the register of shareholders of the company maintained by Euroclear Finland Ltd on the record date of 2 May 2019. The dividend will be paid on 9 May 2019 in accordance with the rules of Euroclear Finland Ltd.

Remuneration of the Board of Directors

The Annual General Meeting decided, in accordance with the proposal of Shareholders' Nomination Committee, that the annual remuneration paid for the members of the Board of Directors for the term of office that will end with the 2020 Annual General Meeting is the following: to the Chairman of the Board of Directors EUR 43,000 per year, to the Vice-Chairman EUR 26,000 per year and to the other members EUR 16,000 per year. In addition was decided that a fee of EUR 1,000 per meeting of the Board and EUR 500 per meeting of the Committee will be paid. When attending a board or committee meeting remotely, a meeting fee of EUR 500 will be paid.

In addition, the Annual General Meeting resolved to pay Jarmo Partanen, Chairman of the Board of Directors, an additional remuneration of EUR 48,106 equivalent to two months' salary, as proposed by the Shareholders’ Nomination Committee.

Composition of the Board of Directors

The number of members of the Board of Directors was confirmed to be seven. Aila Hemminki, Aki Jaskari, Timo Kokkala, Heli Korpinen, Jyrki Mäkynen and Jarmo Salmi were re-elected as members of the Board of Directors, and Jaana Sandström was elected as a new member for the term ending at the end of the Annual General Meeting in 2020.

Election and remuneration of the auditor

KPMG Oy Ab, a firm of authorized public accountants, was elected as auditor and M.Sc (Econ.), APA Fredrik Westerholm as responsible auditor for a term ending at the end of the Annual General Meeting 2020. The auditor's remuneration is paid against an invoice approved by the Company.

Amendment of the charter of Shareholders’ Nomination Committee

The Annual General Meeting decided, in accordance with the Board of Directors’ proposal, that the members of the Shareholders' Nomination Board will be paid EUR 1,000 for each meeting.

The minutes of the Annual General Meeting

The minutes of the Annual General Meeting will be available on the Company’s website latest 13 May 2019.

Oma Savings Bank Plc

Additional information and interview requests:

Minna Sillanpää, CCO, tel. +358 50 66592, minna.sillanpaa@omasp.fi

DISTRIBUTION

Nasdaq Helsinki Ltd

Major media

www.omasp.fi

Oma Savings Bank in short

OmaSp is a growing Finnish bank and the largest savings bank in Finland based on total assets. Over 290 professionals provide nationwide services through OmaSp’s 40 branch offices and digital service channels to approximately 136,000 customers. OmaSp focuses primarily on retail banking operations and provides its clients with a broad range of banking services both through its own balance sheet as well as by acting as an intermediary for its partners’ products. The intermediated products include credit, investment and loan in-surance products. OmaSp is also engaged in mortgage banking operations.

OmaSp core idea is to provide personal service and to be local and close to its customers, both in digital and traditional channels. OmaSp strives to offer premium level customer experience through personal service and easy accessibility. In addition, the development of the operations and services is customer-oriented. The personnel is committed and OmaSp seeks to support their career development with versatile tasks and con-tinuous development. A substantial part of the personnel also own shares in OmaSp.