20 January 2022
Stock Exchange Release, Purmo Group Plc, 20 January 2022 at 12:10 EET
On 13 June 2021, the shareholders of Purmo Group Plc (formerly Virala Acquisition Company Plc) (the “Company”) by an unanimous resolution resolved to establish a Shareholders’ Nomination Board (the “Nomination Board”) consisting of major shareholders of the Company or persons appointed by such shareholders, for preparing, annually and otherwise when appropriate, proposals concerning the composition, election and the remuneration of the members of the Board of Directors of the Company.
The Company’s Extraordinary General Meeting, held on 13 December 2021, resolved that a temporary deviation is made to the Charter of the Nomination Board to the effect that, for the purposes of the next Annual General Meeting of the Company following the effective date (31 December 2021) of the merger with Purmo Group Ltd, the members of the Nomination Board will be based on the three largest shareholders in Purmo Group Plc on the tenth business day following the effective date.
The Company’s three largest shareholders have nominated the following representatives to the Nomination Board:
- Matts Rosenberg (appointed by Rettig Group Ltd),
- Alexander Ehrnrooth (appointed by Virala Corporation), and
- Peter Seligson (appointed by Ahlstrom Invest B.V.).
Matts Rosenberg has been elected Chairman of the Nomination Board. Tomas von Rettig, Chairman of the Company’s Board of Directors, acts as an expert member in the Nomination Board.
The Nomination Board will submit its proposals concerning the number of the members and the composition of the Board of Directors as well as the remuneration of the members of the Board of Directors at the latest on 31 January 2022.
The Nomination Board complies with a Charter published on https://investors.purmogroup.com/governance/shareholders-nomination-board/.
PURMO GROUP PLC
Matts Rosenberg, Chairman of the Nomination Board
Lauri Soikkeli, Purmo Group Corporate Secretary
Tel. +358 40 745 5276
Purmo Group is a leader in sustainable indoor climate comfort solutions in Europe. We provide complete heating and cooling solutions to residential and non-residential buildings, including radiators, towel warmers, underfloor heating, convectors, valves and controls. Our mission is to be the global leader in sustainable indoor climate comfort solutions. Our approximately 3,500 employees operate through 46 locations in 21 countries, manufacturing and distributing top quality products and solutions to customers in more than 100 countries globally. Purmo Group Plc’s shares are listed on Nasdaq Helsinki (symbol: PURMO). www.purmogroup.com