#Finland #Helsinki #Valmet Oyj #Annual General Meeting

Valmet Oyj's Annual General Meeting Overview

Valmet Oyj, a prominent player in process technologies and automation, has officially announced its Annual General Meeting (AGM) scheduled for March 26, 2025. This pivotal event will take place at the Scandic Marina Congress Center located in Helsinki, Finland, commencing at 1 PM EET (Eastern European Time). Shareholders will have the chance to participate either in-person or virtually via a live webcast, emphasizing Valmet's commitment to transparency and accessibility.

Agenda Highlights

The AGM will address several critical issues, commencing with the election of officials to oversee the meeting and the scrutiny of minutes. The shareholders can also look forward to updates on the company’s financial performance, which includes a presentation of the financial statements for the year 2024 along with the corresponding auditor's report.

An essential aspect of this meeting will involve the adoption of the financial statements and the discussion regarding the distribution of the profit shown in the balance sheet. Valmet has proposed a dividend of EUR 1.35 per share, reflecting the company’s robust performance, with the total distributable equity reaching approximately EUR 1.58 billion as of December 31, 2024.

The distribution of the dividend will occur in two installments: the first on April 8, 2025, and the second in October 2025. This structured approach highlights Valmet's commitment to providing value to its shareholders while managing its capital effectively.

Changes in Board Composition

The AGM will also feature discussions on upcoming changes within Valmet's Board of Directors. Notably, a new Chair and Vice-Chair for the board will be elected, alongside proposals to increase the remuneration for board members. The Nomination Board has recommended an annual remuneration of EUR 155,000 for the Chair, an increase from EUR 150,000 in the previous term, signaling Valmet's effort to attract and retain top talent in its leadership roles.

Engagement with Shareholders

Valmet encourages shareholder engagement, allowing them to register for the AGM from February 19, 2025, to March 19, 2025. During this period, shareholders can also participate through advance voting regarding significant agenda items. This proactive approach ensures that the decisions made during the meeting reflect the collective voice of Valmet's shareholder base.

The importance of corporate governance is evident, as the proposed board members are evaluated for independence to uphold ethical standards in management. The Nomination Board proposes to maintain a diverse and independent board, which is reflective of Valmet’s commitment to best practices in corporate governance.

Additional Proposals

Further notable proposals include the renewal of the Auditor appointment and the remuneration for the auditor's services, along with updates regarding sustainability reporting assurance. Valmet is set to reaffirm its dedication to sustainability, a critical focus area for modern enterprises, further underscoring its role as a leader in process industries.

As the AGM approaches, Valmet is preparing to share crucial information concerning its operational strategy, financial outlook, and corporate governance with its stakeholders. Relevant documents, including the proposals for resolutions, will be available on the company's website, ensuring transparency and informed participation.

Ultimately, the upcoming Annual General Meeting represents a significant opportunity for Valmet’s shareholders to influence the future trajectory of the company while strengthening their involvement in corporate governance practices.

Stay tuned for additional updates and instructions leading up to this notable event, as Valmet positions itself for continued growth and innovation in the industry.