Proposals of the Shareholders’ Nomination Board of Modulight to the Annual General Meeting 2023

Modulight Corporation, Company release, 28 March 2023 at 12:00 p.m. EET

The Shareholders’ Nomination Board of Modulight has submitted its proposal on composition and remuneration of the Board of Directors to the Annual General Meeting 2023 to be held on 2 May 2023.

Number of members of the Board of Directors and its composition
The Shareholders’ Nomination Board proposes to the Annual General Meeting 2023 that the number of members of the Board of Directors shall be five (5).

The Shareholders’ Nomination Board proposes, for a term that ends at the end of the Annual General Meeting 2024, that Jyrki Liljeroos, Seppo Orsila, Pia Kantola and Timur Kärki be re-elected as Board Members and that Anne Leskelä shall be elected as a new member. The introduction of the proposed new member of the Board of Directors Anne Leskelä is attached to this Company release.

All candidates have given their consent to the position and the Shareholders’ Nomination Board has assessed that all nominees are independent of the company and its significant shareholders, except for Seppo Orsila, who is dependent on the company and its significant shareholders. Orsila is the CEO of the company and one of the largest shareholders of the company.

Remuneration of the Board of Directors
The Shareholders’ Nomination Board proposes to the Annual General Meeting 2023 that the remuneration to be paid to the members of the Board of Directors be unchanged. The following remuneration is proposed to be paid to the members of the Board of Directors during the next term:

• Monthly remuneration of the Chairman EUR 5,000, and
• Monthly remuneration of the Members EUR 2,500.

 Furthermore, the Shareholders’ Nomination Board proposes that the remuneration to be paid to the members of the Board of Directors may be paid in company shares and in cash.

The travel expenses will be compensated in accordance with the company’s valid travel policy.

Composition of the Shareholders’ Nomination Board
The Shareholders’ Nomination Board that has prepared proposals for the Annual General Meeting 2023 consists of the three largest shareholders of the company Petteri Uusimaa, Seppo Orsila, Pekka Savolainen and the representative of the Board of Directors Jyrki Liljeroos.

The proposals of the Shareholders’ Nomination Board will be included in the notice to the Annual General Meeting.

More information:
CEO: Seppo Orsila, m. [phone]
Investor relations: Ulla Haapanen, m. [phone]
Email: [e-mail]

Certified advisor: Danske Bank A/S, Finnish branch

www.modulight.com
Twitter: @modulight, @orsila

Modulight in brief

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Modulight Corporation is a biomedical laser company that designs and manufactures products for oncology, ophthalmology and genetics. The company also provides solutions for selected high value-add applications including quantum computing and digital press. The company’s products include medical devices, subsystems, software, cloud services and specialized semiconductors. Modulight’s products are used worldwide by many Fortune 500 companies, pharmaceutical companies, and well-known cancer centers and universities. Modulight was founded in 2000 and is headquartered in Tampere, Finland. www.modulight.com

Follow Modulight: Twitter | LinkedIn | Facebook | YouTube | Instagram | #killcancer #laserfamily

Attachments

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Anne Leskela EN

© Modular Finance, source Nordic Press Releases