Fortum (FORTUM) AGM 2023 summary

Opening remarks and agenda

• AGM held on 13 April 2023 in Helsinki; adopted the 2022 financial statements and consolidated financial statements.

• Discharged all Board members and the President and CEO from liability for FY 2022.

Board and executive committee updates

• Board set at ten members through the 2024 AGM: Mikael Silvennoinen, Chair; Essimari Kairisto, Deputy Chair; Ralf Christian, Luisa Delgado, Jonas Gustavsson, Marita Niemelä, Teppo Paavola, Maija Strandberg, Johan Söderström and Vesa-Pekka Takala.

• Board remuneration remained unchanged; annual fees are €88,800 for the Chair, €63,300 for the Deputy Chair and €43,100 per member.

• About 40% of Board annual fees will be paid in shares and the remainder in cash; committee and meeting fees are paid in cash.

Dividend announcements

• FY 2022 dividend set at €0.91 per share, totaling €816,510,663, payable in two instalments; remaining distributable funds retained in shareholders’ equity.

• First instalment of €0.46 per share: record date 17 April 2023, payment 24 April 2023; second instalment of €0.45: record date 2 October, payment 10 October 2023.