Annual General Meeting

General Meeting

Under the Limited Liability Companies Act, shareholders exercise their decision-making powers in the General Meeting in matters concerning the company. In accordance with the Limited Liability Companies Act and Toivo’s Articles of Association, the Annual General Meeting must be held annually within six months of the end of the accounting period.

The General Meeting decides, e.g., on the adoption of the financial statements, dividend distribution, and the election of the members of the Board of Directors and the auditor and their remuneration. The General Meeting also decides on discharging the Board members and the CEO from liability.

An Extraordinary Shareholders’ Meeting must be arranged if the Board of Directors deems it necessary or if the auditor or shareholders that own at least one-tenth of all outstanding shares request this in writing.

According to the Limited Liability Companies Act and the Articles of Association of the company, the notice to the General Meeting must be communicated to the shareholders in writing at most three months and at least three weeks before the General Meeting, but no later than nine days before the record date of the General Meeting. The invitation will be published on the company's website. In order to be allowed to attend a General Meeting, the shareholders shall register at the company not later than on the date given in the invitation that may not be earlier than ten days before the meeting.

Annual General Meeting 2022

Toivo Group's Annual General Meeting of 2022 was held on Thursday 31 March 2022 at 9:00 a.m. at the office of Bird & Bird Attorneys Ltd at Mannerheimintie 8, 00100 Helsinki.