Etteplan Oyj: A New Chapter Begins at the Annual General Meeting
April 9, 2025, 11:40 am
On April 8, 2025, Etteplan Oyj held its Annual General Meeting (AGM) in Espoo, Finland. This gathering was not just a routine affair; it was a pivotal moment for the company. The AGM approved key resolutions that will shape the future of Etteplan, a growing technology service company.
The meeting commenced with the approval of the financial statements for the fiscal year 2024. This is akin to a ship receiving a clean bill of health before setting sail. The Board of Directors and the President and CEO were discharged from liability, allowing them to navigate the waters of business without the weight of past decisions hanging over them.
A significant highlight was the decision to pay a dividend of EUR 0.22 per share. This is a sweet reward for shareholders, a token of appreciation for their trust. The dividend will be paid on April 17, 2025, following a record date of April 10. This financial gesture reflects the company’s robust performance and commitment to its investors.
The AGM also saw changes in the Board of Directors. The Nomination and Remuneration Committee proposed a six-member board, and the shareholders agreed. The board will continue to receive the same annual remuneration as the previous year: EUR 42,000 for each member and EUR 84,000 for the Chairman. This consistency suggests stability in leadership, a reassuring sign for stakeholders.
The re-election of four board members—Robert Ingman, Tomi Ristimäki, Sonja Sarasvuo, and Mikko Tepponen—was met with approval. Additionally, two new faces joined the board: Outi Henriksson and Katri Piirtola. Fresh perspectives can invigorate a company, much like new ingredients can enhance a well-loved recipe.
KPMG Oy Ab was appointed as the company’s auditor, ensuring that financial practices remain transparent and accountable. This choice reflects a commitment to integrity, essential for maintaining trust in the corporate world. KPMG will also provide sustainability reporting assurance, highlighting Etteplan’s focus on responsible business practices.
The AGM introduced amendments to the Articles of Association, adding a new article regarding the sustainability reporting assurance provider. This move signals a shift towards greater accountability in sustainability efforts. It’s a step into the future, where companies are expected to not only profit but also protect the planet.
The agenda for future AGMs has been expanded. It now includes the election of a sustainability reporting assurance provider, emphasizing the importance of sustainability in corporate governance. This addition is a nod to the growing demand for transparency in environmental practices.
Another key resolution was the authorization for the Board of Directors to repurchase up to 2,000,000 shares. This is a strategic move, allowing the company to manage its equity effectively. The repurchase can serve multiple purposes: it can stabilize share prices, provide shares for employee incentive schemes, or prepare for potential acquisitions. It’s a chess move in the game of corporate strategy.
The board was also authorized to issue new shares, up to 2,000,000, which can be crucial for financing future growth. This flexibility allows Etteplan to adapt to market conditions and seize opportunities as they arise. The ability to deviate from existing shareholders’ pre-emptive rights underscores the board’s authority to act in the company’s best interest.
Following the AGM, the Board of Directors convened for its organizational meeting. Robert Ingman was elected as Chairman, a role that carries significant responsibility. The leadership structure was solidified with the establishment of committees for Nomination and Remuneration and Audit. These committees will ensure that governance remains robust and that the company adheres to the highest standards.
The board evaluated the independence of its members, confirming that all are free from conflicts of interest. This independence is crucial for sound decision-making. It ensures that the board can act in the best interest of the company and its shareholders without undue influence.
Etteplan’s vision is clear: to bring people and technology together for a better future. The company aims to create smarter, more efficient, and sustainable systems. With a revenue of EUR 361 million in 2024 and a workforce of around 4,000 professionals across several countries, Etteplan is well-positioned to achieve its goals.
The AGM was not just a formality; it was a launchpad for the future. The decisions made will ripple through the company, influencing its trajectory in the coming years. As Etteplan navigates the complexities of the technology service industry, it does so with a renewed sense of purpose and direction.
In conclusion, the Annual General Meeting of Etteplan Oyj marked a significant milestone. With a strong financial foundation, a refreshed board, and a commitment to sustainability, the company is poised for growth. The resolutions passed are not just decisions; they are stepping stones towards a brighter, more sustainable future. As Etteplan sails into the next chapter, it carries with it the hopes and aspirations of its shareholders, employees, and the communities it serves.
The meeting commenced with the approval of the financial statements for the fiscal year 2024. This is akin to a ship receiving a clean bill of health before setting sail. The Board of Directors and the President and CEO were discharged from liability, allowing them to navigate the waters of business without the weight of past decisions hanging over them.
A significant highlight was the decision to pay a dividend of EUR 0.22 per share. This is a sweet reward for shareholders, a token of appreciation for their trust. The dividend will be paid on April 17, 2025, following a record date of April 10. This financial gesture reflects the company’s robust performance and commitment to its investors.
The AGM also saw changes in the Board of Directors. The Nomination and Remuneration Committee proposed a six-member board, and the shareholders agreed. The board will continue to receive the same annual remuneration as the previous year: EUR 42,000 for each member and EUR 84,000 for the Chairman. This consistency suggests stability in leadership, a reassuring sign for stakeholders.
The re-election of four board members—Robert Ingman, Tomi Ristimäki, Sonja Sarasvuo, and Mikko Tepponen—was met with approval. Additionally, two new faces joined the board: Outi Henriksson and Katri Piirtola. Fresh perspectives can invigorate a company, much like new ingredients can enhance a well-loved recipe.
KPMG Oy Ab was appointed as the company’s auditor, ensuring that financial practices remain transparent and accountable. This choice reflects a commitment to integrity, essential for maintaining trust in the corporate world. KPMG will also provide sustainability reporting assurance, highlighting Etteplan’s focus on responsible business practices.
The AGM introduced amendments to the Articles of Association, adding a new article regarding the sustainability reporting assurance provider. This move signals a shift towards greater accountability in sustainability efforts. It’s a step into the future, where companies are expected to not only profit but also protect the planet.
The agenda for future AGMs has been expanded. It now includes the election of a sustainability reporting assurance provider, emphasizing the importance of sustainability in corporate governance. This addition is a nod to the growing demand for transparency in environmental practices.
Another key resolution was the authorization for the Board of Directors to repurchase up to 2,000,000 shares. This is a strategic move, allowing the company to manage its equity effectively. The repurchase can serve multiple purposes: it can stabilize share prices, provide shares for employee incentive schemes, or prepare for potential acquisitions. It’s a chess move in the game of corporate strategy.
The board was also authorized to issue new shares, up to 2,000,000, which can be crucial for financing future growth. This flexibility allows Etteplan to adapt to market conditions and seize opportunities as they arise. The ability to deviate from existing shareholders’ pre-emptive rights underscores the board’s authority to act in the company’s best interest.
Following the AGM, the Board of Directors convened for its organizational meeting. Robert Ingman was elected as Chairman, a role that carries significant responsibility. The leadership structure was solidified with the establishment of committees for Nomination and Remuneration and Audit. These committees will ensure that governance remains robust and that the company adheres to the highest standards.
The board evaluated the independence of its members, confirming that all are free from conflicts of interest. This independence is crucial for sound decision-making. It ensures that the board can act in the best interest of the company and its shareholders without undue influence.
Etteplan’s vision is clear: to bring people and technology together for a better future. The company aims to create smarter, more efficient, and sustainable systems. With a revenue of EUR 361 million in 2024 and a workforce of around 4,000 professionals across several countries, Etteplan is well-positioned to achieve its goals.
The AGM was not just a formality; it was a launchpad for the future. The decisions made will ripple through the company, influencing its trajectory in the coming years. As Etteplan navigates the complexities of the technology service industry, it does so with a renewed sense of purpose and direction.
In conclusion, the Annual General Meeting of Etteplan Oyj marked a significant milestone. With a strong financial foundation, a refreshed board, and a commitment to sustainability, the company is poised for growth. The resolutions passed are not just decisions; they are stepping stones towards a brighter, more sustainable future. As Etteplan sails into the next chapter, it carries with it the hopes and aspirations of its shareholders, employees, and the communities it serves.