Talenom (TNOM) AGM 2023 summary

Opening remarks and agenda

• AGM held remotely on 15 March 2023, with participation also available through advance voting.

• Shareholders adopted the parent and consolidated financial statements for FY ended 31 Dec 2022 and discharged the Board and CEO from liability.

Financial performance review

• FY2022 net sales were some EUR 102 million; average annual net sales growth was ~17% from 2005 to 2022.

Board and executive committee updates

• Six current directors—Harri Tahkola, Mikko Siuruainen, Olli Hyyppä, Johannes Karjula, Sampsa Laine and Elina Tourunen—were re-elected; Erik Tahkola joined, bringing the Board to seven members.

• Harri Tahkola was re-elected Chair; monthly remuneration set at EUR 6,000 for the Chair and EUR 2,200 for each other director, plus travel expenses under policy.

• Tahkola was deemed non-independent of the company and significant shareholders; Erik Tahkola was non-independent of the company but independent of significant shareholders. The other five directors were independent of both.