General meeting

Pursuant to the Companies Act, shareholders exercise their power to resolve on matters at general meetings of the shareholders. Pursuant to the Companies Act, the Annual General Meeting of the company must be held annually no later than six months from the end of the company’s financial year. At the Annual General Meeting, the financial statements, including the income statement, statement of financial position and cash flow statement with notes thereto and consolidated financial statements, provided that consolidated financial statements are to be prepared pursuant to the Accounting Act (1336/1997), are presented to the shareholders for adoption. At the Annual General Meeting, shareholders also make decisions regarding, among others, use of profits shown in the statement of financial position, the discharge from liability of the members of the Board of Directors and the chief executive officer as well as the election of the members of the Board of Directors and the auditor, and their respective remuneration. 

An Extraordinary General Meeting in respect of specific matters must be convened when deemed necessary by the Board of Directors, or when requested in writing by the auditor of the company or by shareholders representing at least one-tenth of all of the issued and outstanding shares in the company.

According to Lamor’s Articles of Association, the notice of general meetings of shareholders shall be delivered by publishing it on Lamor’s website or by providing the notice to a shareholder by email or otherwise in writing at the address informed to the Company by the shareholder. After the listing, in accordance with the First North Rules, Lamor shall publish the notice of general meeting of shareholder as a company release.

There are no quorum requirements for General Meetings of shareholders in the Companies Act or in the Articles of Association of Lamor.

A shareholder may attend and vote at a General Meeting of Shareholders in person or through an authorized representative. 

Each share entitles the holder to one vote at the General Meeting of Shareholders. At a General Meeting of Shareholders, resolutions are generally passed with the majority of the votes cast.