Resolutions of Sponda Plc’s Extraordinary General Meeting and the Board of Directors

Sponda Plc                                          
Stock Exchange Release          
4.9.2017, 16:05

Resolutions of Sponda Plc’s Extraordinary General Meeting and the Board of Directors

The Extraordinary General Meeting of Sponda Plc was held in Helsinki on Monday, 4 September 2017.

1. Resolutions of the Extraordinary General Meeting of Sponda Plc
             
The Extraordinary General Meeting decided in accordance with the proposal of the shareholder Polar Bidco S.à r.l, representing over 98 per cent of the total shares and votes in the Company, to confirm the number of the members of the Board of Directors as seven (7) ordinary members. It was resolved that Outi Henriksson continues as the member of the Board of Directors and additionally it was resolved to elect Leif Andersson, Jean-Francois Bossy, Andrew Lax, Svein Erik Lilleland, James Seppälä and Michael Swank as members of the Board of Directors. The General Meeting resolved that the remuneration payable to Outi Henriksson and to Svein Erik Lilleland for the term that expires at the closing of the Annual General Meeting in 2018 is EUR 2,750 per month each and that no remuneration is paid to the other members of the Board of Directors for the term that expires at the closing of the Annual General Meeting in 2018.

The Extraordinary General Meeting decided in accordance with the proposal of the shareholder Polar Bidco S.à r.l to disband the Shareholders’ Nomination Board.

2. Decisions of the Board of Directors of Sponda Plc

At its constitutive meeting after the Extraordinary General Meeting, the Board of Directors elected Andew Lax as its chairman and Michael Swank as its deputy chairman.

The following persons were elected as members of the Audit Committee: Outi Henriksson as chairman, Michael Swank as deputy chairman and Jean-Francois Bossy as member.

The Board of Directors decided to disband the Structure and Remuneration Committee.

The Board of Directors evaluated that Outi Henriksson is  independent of the company and its significant shareholders, and the other members Leif Andersson, Jean-Francois Bossy, Andrew Lax, Svein Erik Lilleland, James Seppälä and Michael Swank are independent of the company.

In Helsinki, 4 September 2017

SPONDA PLC
Board of Directors

Further information: Niklas Nylander, CFO, tel. +358 40 754 5961

Sponda is a property investment company specializing in commercial properties in the largest cities in Finland. Sponda’s business concept is to own, lease and develop retail and office properties and shopping centers into environments that promote the business success of its clients. As at June 30, 2017, the fair value of Sponda’s investment properties is approximately EUR 3.8 billion and the leasable area is approximately 1.2 million square meters.