The Annual General Meeting shall be held annually in either Jyväskylä or Helsinki on a date determined by the Board of Directors, within six months after the end of the financial year.
An Extraordinary General Meeting may be held if the Board of Directors deems it necessary or there are legal grounds for doing so.
Pursuant to the Articles of Association (Appendix 1), the General Meeting shall be convened by registered letter to each shareholder sent to the address in the share register or sent electronically to the email address given by the shareholder no later than eight days before the meeting.
All shareholders have the right to participate in General Meetings by following the instructions provided in the notice of the General Meeting. Shareholders can participate in the General Meeting themselves or by a proxy representative. Each share confers one vote at the General Meeting.
The General Meeting decides on matters within its purview pursuant to the Limited Liability Companies Act, such as confirming the financial statements, the distribution of profit, discharging the members of the Supervisory Board, the Board of Directors and the CEO from liability and any amendments to the Articles of Association. The General Meeting also appoints the members of the Board of Directors, the members of the Supervisory Board and the company’s auditors and decides on their remuneration.
The appointment of members to the Board of Directors and the Supervisory Board is also subject to the provisions of the Shareholders’ Agreement between the company’s owners. The Shareholders’ Agreement also includes more detailed provisions regarding the decision-making procedure concerning certain decisions.
Due to Neova Oy being a privately held company owned by two shareholders, the company does not publish the minutes of the General Meeting, proposals for resolutions or other meeting documents on its website. In accordance with the instructions of the owners, at least the Chairman of the Board of Directors, the CEO and the auditor shall be present at the Annual General Meeting. Also, persons nominated for appointment to the Board of Directors for the first time may not be present at the General Meeting deciding on their appointment.
A separate press release shall be published regarding appointments and other key decisions. The financial statements and the notes to the financial statements as well as the management report are published on Neova’s website.
FY 2022 Neova Oy’s Annual General Meeting was held in Helsinki on 29 March 2022. The Annual General Meeting resolves on e.g. the adoption of the financial statements, distribution of dividends, remuneration and election of Supervisory Board members, Board members and the auditor as well as granting of discharge from liability to the Supervisory Board members, Board members and the CEO. All shares and votes were represented at the General Meeting. In addition one Extraordinary General Meetings was held on 14 March to resolve on a EUR 50,000 donation to the humanitarian crisis in Ukraine.