Siili Solutions Oyj

Proposals of the Shareholders’ Nomination Board of Siili Solutions Plc to the AGM 2025

Proposals of the Shareholders’ Nomination Board of Siili Solutions Plc to the AGM 2025

Siili Solutions Plc Stock Exchange Release 16 January 2025 at 14:00 EET

The Annual General Meeting of Siili Solutions Plc is planned to be held on Tuesday 8 April 2025. The Shareholders’ Nomination Board of Siili Solutions Plc proposes to the Annual General Meeting that the AGM decide on the composition and remuneration of the Company’s Board of Directors as follows:

Decision on the number of members of the Board of Directors
The Shareholders’ Nomination Board proposes that five (5) members be elected to the Board of Directors.

Election of the members of the Board of Directors
The Shareholders’ Nomination Board proposes the re-election of the current members of the Board of Directors for the next term of office Harry Brade, Jesse Maula, Katarina Cantell and Henna Mäkinen. Tero Ojanperä has informed that they do not stand for re-election to the Board. Consequently, the Nomination Board proposes that Sebastian Nyström shall be elected as new member of the Board.

Sebastian Nyström, b. 1974, M.Sc., acts currently as S-Group’s Chief Transformation Officer and EVP, Loyalty, IT and Digital Development. Prior to his current role, Nyström has acted e.g. as S-Group’s EVP Strategy & M&A, as well as in other leading roles in Nokia Corporation over the past 20 years.

The term of office of the members lasts until the end of the next Annual General Meeting. All persons proposed have given their consent to the election.

Background information on each person proposed for the Board of Directors is available on the website of Siili Solutions Plc at https://sijoittajille.siili.com/en.

The proposed members Jesse Maula, Henna Mäkinen, Katarina Cantell and Sebastian Nyström are considered independent of the Company and its significant shareholders. Harry Brade is independent of the Company but non-independent of its significant shareholder Lamy Oy.

In addition, the Shareholders’ Nomination Board recommends to the Board of Directors that it re-elect Harry Brade as its Chair and elect Jesse Maula as Deputy Chair.

In the selection of the Board member candidates, the Nomination Board has emphasized relevant experience and competence of the candidates, especially considering the strategic objectives of the company. Further, in its selection process the
Nomination Board has considered the diversity of the Board.

With regard to the selection procedure for the members of the Board of Directors, the Shareholders' Nomination Board recommends that shareholders take a position on the proposal as a whole at the General Meeting. The Shareholders’ Nomination Board, in addition to ensuring that individual nominees for membership of the Board of Directors possess the required competences, is also responsible for making sure that the proposed Board of Directors as a whole also has the best possible expertise and experience for the company and that the composition of the Board of Directors also meets other requirements of the Finnish Corporate Governance Code for listed companies.

Decision on the remuneration of the members of the Board of Directors
The Shareholders’ Nomination Board proposes that the remunaration of the members of the Board of Directors would remain unchanged and be as follows:

The Chair of the Board of Directors is paid EUR 3,850 per month, the Deputy Chair EUR 2,500 per month, the Chair of the Audit Committee EUR 2,500 per month and other members EUR 2,000 per month.

The Chairs of the Board of Directors’ Committees are paid EUR 200 per month for their work on the Committee, in addition to which all Committee members are paid a meeting fee of EUR 300 per meeting. In addition, the members of the Board of Directors receive compensation for travel expenses in line with the Company’s business travel policy.

Composition of the Nomination Board
The Nomination Board of Siili Solutions Plc consists of the following persons:

• Heikki Westerlund, Lamy Oy, (Chair)
• Niko Syrjänen, Elo Mutual Pension Insurance Company
• Timo Luhtaniemi, Erina Oy
• Esko Torsti, Ilmarinen Mutual Pension Insurance Company
• Harry Brade, Chair of the Board of Directors of Siili Solutions Plc

For further information
Taru Kovanen, General Counsel
Phone: +358 40 4176 221, email: taru.kovanen(at)siili.com

Distribution
Nasdaq Helsinki Ltd
Main media
www.siili.com/en

Siili Solutions in brief
Siili Solutions Plc is a forerunner in AI-powered digital development. Siili is the go-to partner for clients seeking growth, efficiency and competitive advantage through digital transformation. Our main markets are Finland, the Netherlands, the United Kingdom, and Germany. Siili Solutions Plc’s shares are listed on the Nasdaq Helsinki Stock Exchange. Siili has grown profitably since its founding in 2005. www.siili.com/en