SRV Yhtiöt Oyj: SRV Group Plc: Proposals of the Shareholders' Nomination Board to the Annual General Meeting 2026
SRV GROUP PLC STOCK EXCHANGE RELEASE 19 DECEMBER 2025 18:15 EET
SRV Group Plc: Proposals of the Shareholders' Nomination Board to the Annual General Meeting 2026
The Shareholders' Nomination Board of SRV Group Plc submits the following proposals to the Annual General Meeting planned to be held on 26 March 2026:
Board composition and remuneration
The Nomination Board proposes that six members will be elected to the Board of Directors.
The Nomination Board proposes that present members Matti Ahokas, Heli Iisakka, Ari Lehtoranta, Anna Hyvönen and Tuomas Kokkila be re-elected as members of the Board of Directors and Pertti Vanhanen be elected as a new member of the Board of Directors. In addition, Nomination Board proposes that Ari Lehtoranta be elected as the Chair of the Board of Directors.
The nominees have given their consent to the position, and they are independent of the company and of the company's significant shareholders except for Tuomas Kokkila who is not independent of the company because he has been employed by SRV Group Plc until 31 July 2023 and not independent of significant shareholders because he is a Board member in Pontos Oy which exercises control in the company's significant shareholder AS Pontos Baltic.
Presentation of the proposed new member Pertti Vanhanen is attached to this stock exchange release. The proposed current members of the Board of Directors are presented on SRV's website: www.srv.fi/en/srv-as-a-company/investor/governance/board-directors/members-board-directors/introductions-board.
The Shareholders' Nomination Board proposes that the remuneration of members of the Board of Directors would remain unchanged and that would be paid as follows:
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Chair of the Board, an annual fee of EUR 72,000,
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Vice Chair of the Board, an annual fee of EUR 48,000,
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Board member, an annual fee of EUR 36,000, and
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Chair of the Audit Committee, an annual fee of EUR 48,000, if he/she does not simultaneously act as Chair or Vice Chair of the Board of Directors.
In addition, the Nomination Board proposes EUR 700 meeting fee per member for each participated Board and Committee meetings (year 2025: EUR 700). Travel expenses relating to the Board of Directors work shall be reimbursed in accordance with the company's travel policy.
In addition, the Nomination Board proposes the annual remuneration of the Board to be paid as a combination of company shares and cash in such a manner that 40% of the annual remuneration is paid in the company's shares, which will be purchased from the market on behalf of the members of the Board of Directors at a price determined in public trading, and 60% is paid in cash. The company will pay for the transaction costs and capital transfer tax in connection with the purchase of the remuneration shares. The shares will be purchased within a period of two weeks beginning from the date following the publication of the quarterly result for the period 1 January - 31 March 2026. Meeting fees are proposed to be paid in cash.
Shareholders' Nomination Board consists of Chair Ilpo Kokkila (Chair of the Board of Directors, Pontos Oy) and members Mikko Mursula (Chief Executive Officer, Ilmarinen Mutual Pension Insurance Company) and Vesa Aho (Executive Vice President, OP Financial Group).
For further information, please contact:
Ilpo Kokkila, Chair of SRV Group Plc's Shareholders' Nomination Board, tel. +358 (0)400 485 555, ilpo.kokkila@pontos.fi
Liisa Krogerus, Senior Vice President, General Counsel, tel. +358 400 249 251, liisa.krogerus@srv.fi
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SRV in brief
SRV is a Finnish developer and innovator in the construction industry. We are building a more sustainable and responsible urban environment that fosters economic value and takes the well-being of both the environment and people into consideration. We call this approach life-cycle wisdom. Our genuine engagement and enthusiasm for our work comes across in every encounter - and listening is one of our most important ways of working. We believe that the only way to change the world is through discussion.
Our company, established in 1987, is listed on the Helsinki Stock Exchange. We operate in growth centres in Finland. In 2024, our revenue totalled EUR 745.8 million. In addition to approximately 800 in-house staff, we have a network of around 3,200 partners.
SRV - Building for life