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Technopls Ventures Ltd. — Remuneration Information 2019
Feb 27, 2019
7074_rns_2019-02-27_fbbbd0ad-5afb-41aa-9db4-93771726263e.pdf
Remuneration Information
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Remuneration Report 2018
Technopolis’ Remuneration Report has been drafted according to the Finnish Corporate Governance Code 2015 issued by the Finnish Securities Market Association.
The Remuneration Report discloses remuneration and other financial benefits paid during the fiscal period of January 1–December 31, 2018. Remuneration and other financial benefits are reported on a cash basis. For comparison, the Remuneration Report also presents remuneration paid during the financial year preceding the reported financial year.
This Remuneration Report has been published simultaneously with Technopolis Plc´s Financial Statements, the Report by the Board of Directors and the Corporate Governance Statement for 2018.
The Board of Directors
After Kildare Nordic Acquisitions S.à.r.l enforced its voluntary recommended public cash tender offer to acquire all issued and outstanding shares in Technopolis got the holding of more than 9/10 of Technopolis’ shares, the Board of Directors of Technopolis decided to convene an Extraordinary General Meeting that was held on November 7, 2018. The Extraordinary General Meeting elected a new Board of Directors to the company. It also resolved that no remuneration be paid to the members of the Board of Directors.
The annual and meeting fees for Board and Committee work paid to Board members in 2018 are presented in the table below. The total amount of annual fees paid in 2017 include the value of shares acquired as part of annual remuneration.
| 2018 | 2017 | ||
|---|---|---|---|
| Members of the Board starting November 7, 2018 | Annual feesMeeting feesAnnual fees | Meeting fees | |
| Paul Patel,Chairman | --- | - | |
| Sebastian Woitas,Vice Chairman | --- | - | |
| Henri Guelff | --- | - | |
| Louis Paletta | --- | - | |
| DavyToussaint | --- | - | |
| Members of the Board until November 6, 2018 | Annual feesMeeting feesAnnual fees | Meeting fees | |
| Juha Laaksonen,Chairman | 57,80021,40055,000 | 16,200 | |
| Reima Rytsölä,Vice Chairman | 33,10011,10026,250 | 10,800 | |
| Kaj-Gustaf Bergh | 27,6008,700- | - | |
| Hannu Leinonen | 27,6009,900- | - | |
| Helena Liljedahl | 27,60015,30026,250 | 10,200 | |
| Pekka Ojanpää | 27,60011,10026,250 | 10,200 | |
| Christine Rankin | 33,10015,90031,500 | 11,400 | |
| Former Members of the Board: | Annual feesMeeting feesAnnual fees | Meeting fees | |
| Carl-Johan Granvik | --- | 4,200 | |
| Annica Ånäs | --31,500 | 10,200 | |
| Jorma Haapamäki,Vice Chairman | -2,40031,500 | 12,600 | |
| Total | 234,40095,800196,750 | 79,200 |
The annual and meeting fees for Board and Committee work paid to Board members in 2018 are presented in the table right. In 2018, the annual fee was paid fully in cash. In 2017 the value of shares acquired as part of annual remuneration is included in the total amount of fees.
REMUNERATION REPORT 2018 2
The Board members do not have an employment or service contract with the company. Furthermore, they do not have share-based remuneration schemes, nor are they included in the company’s other incentive schemes. The number of shares transferred to the members of the Board as remuneration is presented in the table right.
The CEO and Other Group Management Team Members
Keith Silverang serves as the Chief Executive Officer of Technopolis Plc. In 2018, in addition to the CEO, Technopolis’ Group Management Team consisted of Juha Juntunen, Chief Operating Officer; Kari Kokkonen, Chief Real Estate Officer, Sami Laine, Chief Financial Officer and Outi Raekivi, Chief Legal Officer.
The Remuneration and other financial benefits paid to the CEO and the Group Management Team members in 2018 as well as for comparison, corresponding information from the previous fiscal year, are presented on a cash basis in the table right.
The number of shares transferred to the members of the Board as remuneration is presented in the table below:
| Members of the Board starting November 7, 2018 | 2018 | 2017 |
|---|---|---|
| Paul Patel,Chairman | - | - |
| Sebastian Woitas,Vice Chairman | - | - |
| Henri Guelff | - | - |
| Louis Paletta | - | - |
| DavyToussaint | - | - |
| Members of the Board until November 6, 2018 | - | |
| Juha Laaksonen,Chairman | - | 6,819 |
| Reima Rytsölä,Vice Chairman | - | 3,254 |
| Kaj-Gustaf Bergh | - | - |
| Hannu Leinonen | - | - |
| Helena Liljedahl | - | 3,254 |
| Pekka Ojanpää | - | 3,254 |
| Christine Rankin | - | 3,905 |
| Former Members of the Board: | ||
| Jorma Haapamäki | - | 3,905 |
| Total | - | 24,391 |
The Remuneration and other financial benefits paid to the CEO and the Group Management Team members in 2018 as well as for comparison, corresponding information from the previous fiscal year, are presented on a cash basis in the table below.
| 2018 | 2017 | |
|---|---|---|
| CEO Keith Silverang | ||
| Annual salary (incl. fringe benefits) | 341,433 | 298,343 |
| Annual bonus frompreviousyear | 115,680 | 28,800 |
| Share-based incentive scheme | - | 75,278 |
| Total | 457,113 | 402,421 |
| Other Group Management Team members | ||
| Annual salary (incl. fringe benefits) | 689,656 | 598,811 |
| Annual bonus frompreviousyear | 173,396 | 79,097 |
| Share-based incentive scheme | - | 142,897 |
| Total | 863,052 | 820,805 |