General Meeting

The General Meeting is the highest decision-making body of Cityvarasto, convened by the company’s Board of Directors. The Annual General Meeting must be held each year on a date determined by the Board within six (6) months from the end of the financial year.

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

The Annual General Meeting resolves matters that fall under its authority according to the Finnish Companies Act and the Articles of Association, such as:

• adoption of the financial statements and the use of profit shown in the balance sheet
• granting discharge from liability to the members of the Board of Directors and the CEO
• election of members of the Board of Directors and the auditor, and the remuneration to be paid to them

The General Meeting also has the authority to decide, for example, on amendments to the Articles of Association, the acquisition of the company’s own shares, share issues and option programs, and authorizing the Board of Directors to decide on such matters.

According to the Articles of Association, the notice of the General Meeting must be delivered to shareholders by publishing it on the company’s website no earlier than three months and no later than one week before the record date of the General Meeting. To be entitled to participate in the General Meeting, a shareholder must register with the company no later than the date specified in the notice, which may be no earlier than ten days before the meeting.