The General Meeting of Shareholders is the ultimate decision-making authority of the company, in accordance with the Finnish Companies Act.

The Annual General Meeting is convened by the Board annually within six months from the end of the previous financial year.

The Annual General Meeting of Shareholders decides on:

• Distribution of profits
• Adoption of the financial statements
• Discharging the members of the Board and the CEO from liability
• Electing the members of the Board, as well as deciding on their remuneration
• The number of the members of the Board
• Electing the auditor of the company and decides on its remuneration
• In addition, a shareholder may request that their proposal be handled at the next General Meeting of Shareholders by making a request in writing to the company’s Board by the date specified by the company on its website

Purmo Group Plc publishes the invitation to the meeting as a stock exchange release. All shareholders have the right to attend General Meetings. The minutes of the General Meeting of Shareholders are published on the company’s website within two weeks after the General Meeting of Shareholders in question.

Extraordinary General Meeting 2024

Purmo Group Plc’s Extraordinary General Meeting was held on Tuesday, 3 September 2024, starting at 10:00 a.m. (EEST) at the premises of Hannes Snellman Attorneys Ltd, at Eteläesplanadi 20, Helsinki, Finland.

Project Grand Bidco (UK) Limited and Purmo Group have on 26 April 2024 entered into a combination agreement, as amended on 14 June 2024, pursuant to which the Offeror has made a voluntary public cash tender offer to acquire all of the issued and outstanding shares in Purmo Group that are not held by Purmo Group or any of its subsidiaries.

On 2 August 2024, the Offeror announced that it will complete the Tender Offer in accordance with its terms and conditions. The offer price was paid by the Offeror on 16 August 2024, after which the Offeror’s shareholding in Purmo Group exceeded 94 per cent of all the shares and votes in Purmo Group.

Pursuant to the Combination Agreement, after the Offeror has publicly confirmed that it will complete the Tender Offer, the Board of Directors of Purmo Group shall, at the Offeror’s written request, convene an Extraordinary General Meeting of shareholders of the Company. The notice, including the matters considered at the Extraordinary General Meeting, was based upon such written request by the Offeror.