PRODUCTS & SERVICES ABOUT BITTIUM INVESTORS Blog Events Jobs Contact Us FI The General Meeting The General Meeting is the highest decision-making body of Bittium, where the shareholders participate in the supervision and control of Bittium by using their right to speak and vote. The most important tasks of the General Meeting are, among others, the election of the Board of Directors and the adoption of the Annual Accounts. Other tasks of the General Meeting appear from the Articles of Association of the company and from the Finnish Companies Act. The company shall convene one Annual General Meeting for each financial period. An Extraordinary General Meeting shall be convened when necessary. The Annual General Meeting 2021 (Updated April 14, 2021) Bittium's Annual General Meeting was held on April 14, 2021 at 1.00 pm at the company's headquarters in Oulu, Finland. Shareholders and their proxy representatives could participate in the meeting and exercise their rights only by voting in advance and by making counterproposals and presenting questions in advance. The meeting could not be attended on-site. The Annual General Meeting was arranged in accordance with an exceptional meeting procedure based on the temporary legislation to limit the spread of the Covid-19 pandemic (677/2020) approved by the Finnish Parliament. Decisions of the Annual General Meeting - The Annual General Meeting adopted the financial statements for the financial year 2020, discharged the company's management from liability and resolved to support the remuneration report for governing bodies. - Based on the shareholder vote concerning minority dividend, the Annual General Meeting decided in deviation from the proposal of the Board of Directors that a minority dividend corresponding to half of the profit for the financial period shall be paid in accordance with Chapter 13, Section 7 of the Companies Act. The Board of Directors of the company had proposed to the Annual General Meeting that no dividend be distributed by the Annual General Meeting based on the adopted balance sheet for the financial period of January 1, 2020 - December 31, 2020. The total amount of the minority dividend to be distributed is EUR 1,110,327.74, corresponding to EUR 0.0311 per share. - The dividend shall be paid to shareholders who on the dividend record date April 16, 2021 are registered in the company´s shareholders´ register held by Euroclear Finland Oy. The dividend shall be paid on April 23, 2021. All the shares in the company are entitled to the dividend with the exception of shares possibly held by the Company on the dividend record date. - The Annual General Meeting decided that the Board of Directors shall comprise five (5) members. Mr. Erkki Veikkolainen, Ms. Riitta Tiuraniemi, Mr. Veli-Pekka Paloranta and Mr. Pekka Kemppainen were re-elected as members of the Board of Directors for a term of office expiring at the end of the next Annual General Meeting. Further, Mr. Petri Toljamo was elected as a new member of the Board of Directors for a corresponding term of office. - At its assembly meeting held on April 14, 2021, the Board of Directors elected Mr. Erkki Veikkolainen as the Chairman of the Board of Directors. Further, the Board has resolved to keep the Audit Committee. Ms. Riitta Tiuraniemi (Chairman of the committee), Mr. Petri Toljamo and Mr. Veli-Pekka Paloranta were elected as members of the Audit Committee. - The Annual General Meeting resolved that the following monthly remuneration shall be paid to the members of the Board of Directors: to the chairman of the Board of Directors EUR 3,150 and to the other members of the Board of Directors EUR 1,800 each. In addition, the members of the Board of Directors are entitled to compensation for attending Board meetings as follows: the chairman of the Board EUR 875 for each meeting and other members EUR 500 for each meeting. In addition, the members of the Board of Directors are entitled to compensation for attending Committee meetings as follows: the chairman of the Committee EUR 600 for each meeting and other Committee members EUR 400 for each meeting. Travel expenses of the members of the Board of Directors shall be reimbursed in accordance with the Company's travel policy. The General Meeting also decided that 50 percent of the total amount of the monthly remuneration of the members of the Board of Directors will be paid at once as Bittium Corporation's shares acquired for the price formed in public trading, through share issue or, in special circumstances if share based remuneration cannot be paid for some reason, in money. The shares will be acquired according to the share purchase program of the company. A member of the Board of Directors may not transfer the shares received as remuneration before his/her membership in the Board of Directors has ended. - Ernst & Young Oy, authorized public accountants, was re-elected auditor of the company for a term of office ending at the end of the next Annual General Meeting. Ernst & Young Oy has notified that Mr. Jari Karppinen, APA, will act as responsible auditor. It was decided that the remuneration to the auditor shall be paid against the auditor's reasonable invoice. - The Annual General Meeting authorized the Board of Directors to decide on the repurchase of the Company's own shares. - The Annual General Meeting authorized the Board of Directors to decide on the issuance of shares and special rights entitling to shares. Read more: The decisions of the Annual General Meeting 2021 (stock exchange release, April 14, 2021) Important Dates Shareholders’ Questions to the Annual General Meeting The General Meeting 2021 - CEO's Review Video only in Finnish Stock Exchange Releases related to the General Meeting 2021 Notice to the General Meeting has been released on February 11, 2021. March 22, 2021 Bittium Cancels the Notice to the Annual General Meeting Published on February 11, 2021 and Publishes a New Notice to the Annual General Meeting to be Held on April 14, 2021 Resolutions by the General Meeting: Resolutions will be published after the closing of the General Meeting on April 14, 2021. Assembly of the Board of Directors: The elections by the Board of Directors concerning the Chairman of the Board and the compositions of the Board committees, if any, will be published after the Board's assembly meeting. Bittium Corporation's Annual Report, Sustainability Report, Corporate Governance Statement and Remuneration Report from 2020 Have Been Published » Notice to the General Meeting of Bittium Corporation 2021 (pdf, 186 kb) » Bittium Corporation Financial Statement Bulletin 2020 (pdf, 371 kb) » Correction to the Notice to the General Meeting of Bittium Corporation » Bittium Corporation's Three Largest Shareholders Have Changed Their Proposal to the Annual General Meeting to Be Held on April 14, 2021 » Bittium Cancels the Notice to the Annual General Meeting Published on February 11, 2021 and Publishes a New Notice to the Annual General Meeting to be Held on April 14, 2021 » Decisions of the Annual General Meeting of Bittium Corporation (pdf,129 kb) » Annual General Meeting Invitation and Materials Bittium Annual Report 2020 (pdf, 6.8mb) » Bittium Remuneration Report for the Financial Year 2020 (pdf, 883kb) CV Petri Toljamo (pdf, 189kb) » Notice to the General Meeting of Bittium Corporation 2021 released on February 11, 2021 (pdf, 186kb) » Notice to the General Meeting of Bittium Corporation 2021 released on March 22, 2021 (pdf, 189kb) » Proposals to the Annual General Meeting 2021 released on February 11, 2021 (pdf, 178kb) » Proposals in accordance with the new notice to the Annual General Meeting 2021 released on March 22, 2021 (pdf, 165kb) » Annual General Meeting 2021, CEO's Review (in Finnish) (pdf, 10.8mb) » Annual General Meeting 2021, meeting minutes (pdf, 657 kb) » Previous General Meetings General Meeting 2020 General Meeting 2019 General Meeting 2018 General Meeting 2017 General Meeting 2016 Extraordinary General Meeting 3/2015 Extraordinary General Meeting 2/2015 Extraordinary General Meeting 1/2015 General Meeting 2015 General Meeting 2014 Extraordinary General Meeting 2013 General Meeting 2013 General Meeting 2012 General Meeting 2011 General Meeting 2010 Connectivity to be trusted. 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