POHJOLAN VOIMA OYJ STOCK EXCHANGE RELEASE 25 MARCH 2025
Resolutions of the Annual General Meeting of Pohjolan Voima Oyj
Pohjolan Voima Oyj’s Annual General Meeting was held in Helsinki today, on 25 March 2025. The Annual General Meeting adopted the financial statements for 2024 and discharged the members of the Board of Directors and the CEO from liability. The Annual General Meeting decided that a total dividend of €10,850,000 will be distributed from the distributable funds incurred from the sale of the shares of Fingrid Oyj in 2011. The dividend is to be distributed to the shares of A and C series of shares that are entitled to the dividend from the funds incurred from Fingrid Oyj share sale. The Board of Directors was authorized to decide the dividend payment date as well as the accurate allocation. The remaining distributable assets will be left in distributable reserves
The Annual General Meeting elected Pohjolan Voima Oyj’s Board of Directors for the term that ends at the close of the next Annual General Meeting. Elected Board of Directors’ members are: Tapio Korpeinen, Kaarlo Höysniemi, Anders Renvall, Jukka Hakkila, Maija Ruska, Esa Kaikkonen, Rami Vuola, Jussi Lehto and Roger Holm.
PricewaterhouseCoopers Oy, which appointed Pasi Karppinen, APA, as the principal auditor, was elected as the auditor of the company.
The Annual General Meeting approved the proposal by the Board of Directors to amend the sections 10 and 12 in the Company’s Articles of Association. According to the amended section 10 the Company shall also have a sustainability auditor and according to the section 12 the Annual General Meeting shall elect a sustainability auditor in addition to the election of the auditor.
The Annual General Meeting approved the return of €6,795,000 from the reserve for invested unrestricted equity to the shareholders of the C share series. The return relates to the termination of the C share series.
Further, the Annual General Meeting approved a directed share issue of €2,100,000 in the subsidiary Porin Prosessivoima Oy. The share issue relates to an electric boiler investment in Porin Prosessivoima.
Distribution:
Nasdaq Helsinki
Further enquiries:
CFO Minna Laakso, Pohjolan Voima Oyj, +358 40 5060 802, minna.laakso@pvo.fi
About Pohjolan Voima Oyj
Pohjolan Voima is a long-lived Finnish energy company. We are one of Finland’s largest energy producers – our production accounts for approximately 20% of the nation’s total electricity production. The electricity we produce is almost completely carbon neutral. We produce electricity and heat at cost price for the needs of our owners – Finnish industrial and energy companies – with reliable and adjustable hydropower, thermal power and nuclear power that ensures security of supply. We are a team of top professionals and a proven good place to work. At Pohjolan Voima, we pride ourselves on doing meaningful work in line with our values, skilfully, reliably, together. We are committed to carbon neutrality and improving biodiversity. Our objective is to create decisive power to strengthen competitiveness and contribute to a better tomorrow. www.pohjolanvoima.fi