Proposals by the Shareholders' Nomination Board to the Lamor Corporation Oyj´s Annual General Meeting 2024

24.1.2024 13:15:01 EET | Lamor Corporation Oyj | Other information disclosed according to the rules of the Exchange

Lamor Corporation Plc         Stock exchange release       24 January 2024 at 1.15 p.m. EET

Proposals by the Shareholders' Nomination Board to the Lamor Corporation Oyj´s Annual General Meeting 2024

The Shareholders’ Nomination Board of Lamor Corporation Oyj proposes to the Annual General Meeting 2024 that the meeting would decide on the composition and remuneration of the Board of Directors as follows:

Board composition

The Nomination Board proposes that the number of the members of the Board of Directors to be confirmed at five (5), and that Nina Ehrnrooth, Fred Larsen, Kaisa Lipponen, Timo Rantanen and Mika Ståhlberg to be re-elected as Board members for a term commencing at the end of the Annual General Meeting 2024 and ending at the end of the next Annual General Meeting. The proposed Board members have consented to their respective appointment.

As regards the election procedure for the members of the Board of Directors, the Shareholders’ Nomination Board recommends that shareholders take a position on the proposal as a whole, to ensure that the proposed Board of Directors has the best possible expertise and experience.

All candidates proposed to be re-elected are independent of the company and its significant shareholders, except for Fred Larsen. Further information on the proposed Board Members is provided on Lamor's website at www.investors.lamor.com.

Board remuneration

The Nomination Board proposes that the remuneration to the Board members for the following term 2024 would remain unchanged, and be as follows (previous term´s remuneration in brackets):

 Annual fees

Board members will be paid the following fixed annual fees:

• for the Chair of the Board EUR 50,000 (50,000)
• for the potential Vice Chair of the Board EUR 45,000 (45,000)
• for a Board Member EUR 20,000 (20,000)

Committee fees

In addition to the fixed annual Board fees mentioned above, fixed annual fees for committee work will be paid as follows:

Audit Committee

• for the Chair EUR 10,000 (10,000)
• for a Member EUR 5,000 (5,000)

Remuneration Committee

• for the Chair EUR 5,000 (5,000)
• for a Member EUR 2,500 (2,500)

If the Chair of the Audit Committee or the Chair of the Remuneration Committee acts as the Chair or as the Vice Chair of the Board of Directors, no remuneration related to the committee work shall be paid.

Meeting fees

In addition to the fixed annual fees mentioned above, the following meeting fees will be paid for participation in the Board meetings:

• EUR 1,000 (1,000) meeting fee per meeting shall be paid to all Board members and the Chairman of the Board of Directors
• No separate meeting fee shall be paid for Committee meetings

Travel expenses

In addition, reasonable accrued travel expenses and other potential costs related to Board and Committee work will be reimbursed in line with the company’s normal practice.

Composition of the Shareholders’ Nomination Board

The members of the Shareholders’ Nomination Board are as follows: Fred Larsen, Chairman of the Board of Directors, Larsen Family Corporation Oy (Chairman); Juuso Puolanne, Investment Director, Finnish Industry Investment Ltd; Annika Ekman, Head of Direct Equity Investments, Ilmarinen Mutual Pension Insurance Company; and Mika Ståhlberg, Chairman of the Board of Directors, Lamor Corporation Oyj.

The proposals of the Nomination Board will be included in the notice to convene the Annual General Meeting.

Further enquiries

Fred Larsen, Chair of the Lamor Shareholder´s Nomination Board, tel. +358 400 906 311

Media enquiries: Lamor IR, tel +358 40 581 9735

Lamor in brief

Lamor is one of the world’s leading providers of environmental solutions. For four decades, we have worked to clean up and prevent environmental incidents on land and at sea.

Environmental protection, soil remediation and material recycling: Our innovative technologies, services and tailored solutions, ranging from oil spill response, waste management and water treatment to soil remediation and plastic recycling, benefit customers and environments all over the world.

We are capable of vast and fast operations thanks to our connected ecosystem of local partners, steered by our experts. We have over 500 employees in more than 20 countries. In 2022, our turnover was 128 million euros. Lamor's share is listed on Nasdaq Helsinki's main market (ticker: LAMOR). Further information: www.lamor.com.