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Shareholders’ Nomination Board

Lassila & Tikanoja Plc has the permanent Nomination Board until otherwise decided by the General Meeting. 

Nomination Boards' duties

The Nomination Board shall be responsible for preparing and presenting proposals concerning the remuneration and number of members of the Board of Directors, as well as proposal on the members of the Board of Directors, the Chair of the Board of Directors and the Vice Chair of the Board of Directors to the Annual General Meeting and, where needed, to an Extraordinary General Meeting. The Nomination Board shall also be responsible for identifying successors for existing Board members. 

Nominations Boards' members

The Nomination Board consists of four (4) members, of which the three (3) largest shareholders of the New Lassila & Tikanoja are each entitled to nominate one (1) member each. The person holding the position of Chair of the New Lassila & Tikanoja’s Board of Directors at the relevant time shall serve as the fourth member of the Nomination Board.

The right to appoint members to the Nomination Board is determined annually based on the registered holdings as per the first weekday in September. According to the Charter of the Nomination Board, a group of shareholders may agree on the appointment of a joint representative to the Nomination Board.

The following two groups of shareholders have agreed on the appointment of a joint representative: Evald and Hilda Nissi Foundation and Bergholm Heikki as the first group and Chemec Oy, CH-Polymers Oy, Maijala Eeva, Maijala Investment Oy, Maijala Juhani, Maijala Juuso, Maijala Miikka, Maijala Mikko, Maijala Roope and Maijala Tuula as the second group.

Lassila & Tikanoja Plc’s three largest shareholders as per 1 September 2026, who are entitled to appoint a representative to Lassila & Tikanoja Plc’s Shareholders’ Nomination Board, are the above-mentioned groups of shareholders and Nordea Nordic Small Cap Fund.

The following persons have been appointed as their representatives in Lassila & Tikanoja’s Nomination Board:

  1. Juhani Lassila (Chair) – Chair of the Board, Evald and Hilda Nissi Foundation, group of shareholders (approximately 11.5% of shares and votes)

  2. Miikka Maijala – CEO, Clinius Oy, group of shareholders (approximately 9.4% of shares and votes)

  3. Josefin Degerholm - CEO, Nordea Funds Ltd, Nordea Nordic Small Cap Fund (approximately 5.3% of shares and votes) 

The Chairman of Lassila & Tikanoja Plc’s Board of Directors, Jukka Leinonen, acts as the fourth member of the Nomination Board. The Chairman of the Nomination Board is Juhani Lassila.