Resolutions of the Annual General Meeting of Detection Technology

Detection Technology Plc firm announcement 27 March 2024 at 16:45 (EET)

Resolutions of the Annual General Meeting of Detection Technology

The Annual General Meeting of Detection Technology Plc was held on 27 March 2024 in Espoo, Finland. The Annual General Meeting adopted the monetary statements and resolved to discharge the members of the Board of Directors and the President and CEO from legal responsibility for the monetary 12 months 1 January – 31 December 2023.

Use of the revenue proven on the stability sheet and the distribution of funds

The Annual General Meeting resolved {that a} dividend of EUR 0.23 per share for the monetary 12 months 2023 is paid. The dividend shall be paid to shareholders who’re registered in the firm’s register of shareholders, maintained by Euroclear Finland Ltd, on the document date for fee, 2 April 2024. It was resolved that the dividend is paid on 9 April 2024.

The Board of Directors and the Auditor

The Annual General Meeting resolved that the Board of Directors consists of six (6) members. Marion Björkstén, Richard Ingram, Henrik Roos and Hannu Syrjälä have been re-elected whereas Amy Chen and Jyrki Vainionpää have been elected as new members to the Board of Directors.

Authorised Public Accounting agency KPMG Oy Ab was elected as the Auditor of the firm, and Petri Kettunen, Authorised Public Accountant, will act as the Responsible Auditor.

It was resolved that an annual fastened remuneration of the members of the Board of Directors is paid as follows: annual price of EUR 69,000 to be paid to the Chair, EUR 51,000 to the Vice Chair, and EUR 39,000 to different members of the Board of Directors. It was additionally resolved that the members of the Board of Directors be paid a meeting-specific price as follows: EUR 1,000 to the Chair of the Board of Directors and EUR 500 to the members of the Board of Directors per every assembly held in the dwelling nation of the respective member, and EUR 1,500 to the Chair of the Board of Directors and EUR 1,000 to the members of the Board of Directors per every assembly held elsewhere than in the dwelling nation of the respective member.

An elected member of the Board of Directors could, at his/her discretion, select to obtain the annual fastened remuneration partly in firm shares and partly in money in order that roughly 40% of the annual fastened remuneration is paid in Detection Technology Plc’s shares. The quantity of shares forming the above remuneration portion, which might be payable in shares, might be decided based mostly on the share worth in the public buying and selling maintained by Nasdaq Helsinki Ltd, calculated as the commerce quantity weighted common citation of the share throughout the one-month interval instantly following the date on which the interim report of January-March 2024 of the firm is printed.

It was resolved that the members of the Audit Committee and the Remuneration Committee could be paid a gathering price of EUR 500 per assembly. The journey bills of the members of the Board of Directors are compensated in accordance with the firm’s journey guidelines. It was resolved that the remuneration for the Auditor is paid in response to the Auditor’s affordable bill.

Authorization of the Board of Directors to resolve on repurchase of personal shares and on a share situation and a problem of particular rights entitling to shares

The Board of Directors was approved to resolve on the repurchase of a most of 732,795 shares in the firm in a single or a number of tranches through the use of funds in the unrestricted shareholders’ fairness. The personal shares could also be repurchased aside from in proportion to the shareholdings of the shareholders, if the Board of Directors deems that there are weighty monetary causes for such directed repurchase, in public buying and selling organized by Nasdaq Helsinki Oy for the market value shaped at the second of buy. The authorization revokes all earlier unused authorizations on the repurchase of shares and is legitimate till the closing of the subsequent Annual General Meeting, nonetheless, not than till 30 June 2025.

The Board of Directors was approved to resolve on the share situation and the issuance of particular rights entitling to shares as referred to in Chapter 10 Section 1 of the Finnish Limited Liability Companies Act in a single or a number of components, both in opposition to fee or with out fee. The combination quantity of shares to be issued, together with the shares to be obtained based mostly on particular rights, shall not exceed 1,465,593 shares, which corresponds to roughly 10% of the present quantity of all shares in the firm. The Board of Directors could resolve to situation both new shares or to switch treasury shares probably held by the firm.

The new shares, the particular rights referred to in Chapter 10 Section 1 of the Finnish Limited Liability Companies Act and the personal shares held by the firm could also be issued and transferred to the shareholders in proportion to their present shareholdings in the firm or in deviation from the shareholders’ pre-emptive rights by manner of a directed situation if there’s a weighty monetary purpose for the firm to take action. The deviation from the shareholders’ pre-emptive rights could also be carried out for instance so as to develop the firm’s capital construction, to finance or perform acquisitions, investments or different enterprise transactions, or to make use of the shares as an element of an incentive scheme. A directed share situation could also be executed with out consideration provided that there’s an particularly weighty monetary purpose for the firm to take action, bearing in mind the pursuits of the firm and all its shareholders.

The Board of Directors may additionally, based mostly on the authorization, resolve on a share situation to the firm itself with out consideration in order that the quantity of personal shares held by the firm after the situation doesn’t exceed 10 % of all shares in the firm. The personal shares held by the firm and its subsidiaries shall be included in the quantity as set out in Chapter 15 Section 11 Subsection 1 of the Finnish Limited Liability Companies Act.

The Board of Directors is permitted to resolve on all different issues associated to the issuance of shares and particular rights. The authorization is legitimate till the closing of the subsequent Annual General Meeting, nonetheless, not than till 30 June 2025. The authorization revokes all earlier unused authorizations of the Board of Directors to resolve on the issuance of shares and issuance of particular rights entitling to shares.

The minutes of the Annual General Meeting might be obtainable on the firm’s web site atwww.deetee.comnewest on 10 April 2024.