Fortum (FORTUM) AGM 2024 summary

Financial performance review

• FY2023 financial statements and consolidated financial statements adopted; remaining distributable funds retained in shareholders’ equity.

Board and executive committee updates

• Board set at nine members; Mikael Silvennoinen elected Chair, Essimari Kairisto Deputy Chair, and seven members elected for a term ending at the 2025 AGM.

• Annual Board fees set at €128,200 for the Chair, €79,400 for the Deputy Chair and €56,800 for each other member; ~40% payable in shares and the remainder in cash.

• Committee fees set at €22,600 for eligible chairs and €5,400 for members; meeting fees are €1,000, or €2,000 for travel outside the member’s country of residence.

Dividend announcements

• FY2023 dividend of €1.15 per share approved, totaling €1,031,854,135; paid in two instalments: €0.58 on 5 April 2024 and €0.57 on 9 October 2024.