Lehto Group Oyj — Proxy Solicitation & Information Statement 2019

Mar 25, 2019

The Shareholders’ Nomination Committee amends its proposal regarding the remuneration in shares and cash of the members of the Board of Directors

The Shareholders’ Nomination Committee amends its proposal regarding the remuneration in shares and cash of the members of the Board of Directors

Stock exchange release
Lehto Group Plc
25 March 2019 at 6.00 p.m. (EET)
Shareholders’ Nomination Committee has today 25 March 2019 decided to amend the
proposal to the Lehto Group Plc Annual General Meeting regarding the
remuneration of the members of the board of directors. The Nomination Committee
considers important that the members of the Board of Directors would be
encouraged to increase their ownership in Lehto Group Plc and have a strong
incentive to develop the share value. The proposal of the Nomination Committee
encouraged the members of the Board of Directors to increase the amount of their
ownership by applying higher remuneration value if the remuneration was paid in
shares and in cash whereas the remuneration was proposed to be lower had it been
paid only in cash. In the Nomination Committee’s proposal to the Annual General
Meeting the remuneration was higher than on 2018 if the member of the Board of
Directors accepted it in shares and in cash, whereas the remuneration remained
on the same level as on 2018 if it was paid only in cash.

The Nomination Committee has been in discussions based on its proposal also with
shareholders that are not included in the Nomination Committee. After these
discussions the Nomination Committee has unanimously considered it justifiable
to amend its proposal, published in the Lehto Group Plc notice for Annual
General Meeting on 1 March 2019, regarding the remuneration of the members of
the Board of Directors. The Nomination Committee proposes the remuneration
amounts, when it is paid in shares and in cash, to be the following:

• Chairman of the Board of Directors EUR 69,000 (previous proposal was EUR
  82,800)

• Deputy Chairman and members of the Board of Directors EUR 34,500 (previous
  proposal was EUR 41,400)

Rest of the proposals, besides the aforementioned remuneration amounts, shall
remain as they were presented in the notice for Annual General Meeting.

The updated invitation and the proposals of the Shareholders’ Nomination
Committee shall be available in their entirety on Lehto Group website on
www.lehto.fi (https://lehto.fi/en/investors/corporate-governance/annual-general
-meeting/agm2019/)
Information:
Veli-Pekka Paloranta
Chief Financial Officer
veli-pekka.paloranta@lehto.fi
+358 400 944 074
Lehto Group PLC:

Lehto is fast growing construction and real estate group. We operate in four
service areas: Business Premises, Housing and Social Care and Educational
Premises. We are the innovator and pioneer of the construction sector. Our
economically driven operating model makes construction more profitable, ensures
the quality of construction and brings significant time and cost savings to the
customer. We employed around 1,500 people. Our net sales for 2018 amounted to
EUR 721.5 million.