Releases

Hoivatilat Plc
Stock Exchange Release
4 February 2020 at 11:00 am EET

Decisions of Hoivatilat Plc’s Extraordinary General Meeting

The Extraordinary General Meeting of Hoivatilat Plc was held today in Helsinki, Finland. The Extraordinary General Meeting resolved on the remuneration of the Board of Directors, the composition of the Board of Directors and the disbandment of the Shareholders' Nomination Board in accordance with the proposals of Aureit Holding Oy.

Remuneration of the Board of Directors
The General Meeting resolved that the members of the Board of Directors will be remunerated in accordance with Hoivatilat Plc’s current practice as resolved by the Annual General Meeting of 26 March 2019, apart from the Vice Chairman of the Board who will be paid a monthly remuneration of EUR 3,333 and the Aedifica representatives who waive their right to remuneration. The meeting compensation payable to Board members other than the Aedifica representatives for meetings of the Board of Directors and its committees will be paid in accordance with current practice as resolved by the Annual General Meeting of 26 March 2019. In addition, all board members including the Aedifica representatives are compensated for travel and other expenses directly related to their Hoivatilat board duties in accordance with the company's current practice.

Composition of the Board of Directors
The following persons were elected as members of the Board of Directors for the term ending at the closing of the next Annual General Meeting: Stefaan Gielens, Pertti Huuskonen, Ingrid Daerden, Laurence Gacoin, Reijo Tauriainen and Kari Nenonen. Stefaan Gielens was elected Chairman of the Board and Pertti Huuskonen was elected Vice Chairman of the Board.

Disbandment of the Nomination Board
The General Meeting resolved to disband the Shareholders’ Nomination Board.

Minutes of the General Meeting
The minutes of the General Meeting will be available at the company’s website www.hoivatilat.fi/en/for-investors/governance/genaral-meeting/ and at the company's head office at Lentokatu 2, 90460 Oulunsalo, Finland on 18 February 2020 at the latest.

In Helsinki, 4 February 2020

Hoivatilat Plc
Board of Directors

Additional information for investors and media:

Jussi Karjula
Hoivatilat, CEO
Tel. +358 40 773 4054

Hoivatilat in brief
Hoivatilat Plc, founded in 2008, specialises in producing, developing, owning and leasing out day care centre, nursing home premises and service communities and lately also schools. Hoivatilat has been working in cooperation with approximately 60 Finnish municipalities and has launched a total of approximately 200 property projects throughout Finland and since 2019 in Sweden as well. Hoivatilat is listed on Nasdaq Helsinki under the trading code "HOIVA". For additional information, see www.hoivatilat.fi