EQS-News: Multitude SE: Decisions of the Annual General Meeting of Shareholders and the Board of Directors of Multitude SE (deutsch)

Multitude SE: Decisions of the Annual General Meeting of Shareholders and the Board of Directors of Multitude SE

EQS-News: Multitude SE / Schlagwort(e): Hauptversammlung

Multitude SE: Decisions of the Annual General Meeting of Shareholders and

the Board of Directors of Multitude SE

25.04.2024 / 12:00 CET/CEST

Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.

Multitude SE: Decisions of the Annual General Meeting of Shareholders and

the Board of Directors of Multitude SE

Helsinki, 25 April 2024 - Multitude SE, a listed European FinTech company,

offering digital lending and online banking services to consumers, small and

medium-sized businesses, and other FinTechs (ISIN: FI4000106299, WKN:

A1W9NS) ("Multitude" or "Company") announces the following resolutions made

by its Annual General Meeting, which took place today, and the Board of

Directors, which met right after the Annual General Meeting.

RESOLUTIONS OF THE ANNUAL GENERAL MEETING

Adoption of the Annual Accounts and Discharge from Liability

The Annual General Meeting adopted the Annual Accounts including the

Consolidated Annual Accounts for the financial year 2023 and discharged the

members of the Board of Directors and the CEO from liability for the

financial year 2023.

Dividends

The Annual General Meeting decided in accordance with the proposal of the

Board of Directors that a per-share dividend of EUR 0.19 be distributed for

the financial year 2023 to a total of EUR 4,116,145.56 . The dividend will

be paid on 7 May 2024 to shareholders who are registered in the Company's

shareholder register on the dividend record date of 29 April 2024.

Remuneration Report and Remuneration Policy for the Governing Bodies

The Annual General Meeting approved the presented Remuneration Report for

Governing Bodies and supported the presented Remuneration Policy for

Governing Bodies. These decisions were advisory.

Composition of the Board Of Directors

The Annual General Meeting confirmed the number of members of the Board of

Directors as six.

The Annual General Meeting decided to re-elect Goutam Challagalla, Jorma

Jokela, Kristiina Leppänen, Lea Liigus and Ari Tiukkanen as members and

elect Marion Khüny as a new member, each one for a term ending at the end of

the next Annual General Meeting.

The Chairman and the Vice Chairman of the Board of Directors will be elected

by the Board of Directors from amongst its members.

Remuneration of the Board of Directors

The Annual General Meeting resolved that the fees payable to the members of

the Board of Directors remain the same, and that the Chairman of the Board

of Directors be paid EUR 8,000 per month, and each of the other members of

the Board of Directors be paid EUR 4,000 per month. Furthermore, it was

resolved that no remuneration will be paid to the members who are employees

or CEOs of the Company or a subsidiary of the Company.

Auditor and its Remuneration

Audit firm PricewaterhouseCoopers Oy, which had stated that APA Jukka

Paunonen will act as the responsible auditor, was appointed as auditor of

the Company for a term ending at the end of the next Annual General Meeting.

It was decided that the auditor be paid reasonable remuneration in

accordance with the auditor's invoice, which shall be approved by the

Company.

Furthermore, the Annual General Meeting resolved that, upon the registration

of the Company with the Malta Business Registry, PricewaterhouseCoopers

(Registration Number: AB/26/84/38) be appointed as the auditors of the

Company until the earlier of: (i) the end of the next Annual General Meeting

to be held in the year 2025, or (ii) the Company's continuation out of Malta

to Switzerland.

Authorisation to the Board of Directors to Decide on the Repurchase and

Acceptance of Pledge of the Company's own Shares

The Annual General Meeting approved the Board of Directors' proposal on

authorisation to the Board of Directors to decide to repurchase a maximum of

2,172,396 shares in the Company, which corresponds approximately to 10 per

cent of all the shares in the Company.

By virtue of the authorisation, own shares may be repurchased by using the

Company's unrestricted equity. Consequently, any repurchase will reduce the

Company's funds available for distribution of profits.

The authorisation also includes the right to accept shares in the Company as

pledge.

Own shares may be repurchased through public trading on the Frankfurt Stock

Exchange at the prevailing market price on the date of repurchase.

The authorisation entitles the Board of Directors to decide to repurchase

shares or accept shares as pledge also otherwise than in proportion to the

shareholders' holding in the Company by way of a directed repurchase or

directed acceptance as pledge subject to the requirements set out in the

Finnish Limited Liability Companies Act. The Board can use the authorisation

in one or several tranches to all purposes decided by the Board of

Directors.

The authorisation is in force until the earliest of: (i) the transfer of the

registered office of Multitude SE from Finland to Malta pursuant to the

transfer proposal approved by the Company's Board of Directors on 17 January

2024, (ii) the end of the next Annual General Meeting to be held in the year

2025, or (iii) 30 June 2025.

Authorisation to the Board of Directors to Decide on the Issuance of Shares

and Special Rights Entitling to Shares

The Annual General Meeting approved the Board of Directors' proposal on

authorisation to the Board of Directors to decide to issue a maximum of

3,258,594 shares, which corresponds approximately to 15 per cent of the

Company's total amount of shares. The Board of Directors may issue either

new shares or transfer existing shares held by the Company.

The authorisation also includes the right to issue special rights, in the

meaning of Chapter 10, Section 1 of the Finnish Limited Liability Companies

Act, which entitle to the Company's new shares or the Company's own shares

held by the Company against consideration. Shares that may be subscribed for

by virtue of the special rights entitling to shares are included in the

aforesaid maximum number of shares.

The authorisation entitles the Board of Directors to decide on a directed

share issue and issue of special rights in deviation from the pre-emptive

rights of shareholders subject to the requirements set out in the Finnish

Limited Liability Companies Act. The Board of Directors can use the

authorisation in one or several tranches, and it may be used to all purposes

decided by the Board of Directors, such as developing the Company's capital

structure, financing or carrying out acquisitions or other arrangements, or

as a part of the Company's incentive schemes.

The authorisation is in force until the earliest of: (i) the transfer of the

registered office of Multitude SE from Finland to Malta pursuant to the

transfer proposal approved by the Company's Board of Directors on 17 January

2024, (ii) the end of the next Annual General Meeting to be held in the year

2025, or (iii) 30 June 2025.

RESOLUTIONS OF THE BOARD OF DIRECTORS

The Board of Directors decided to re-elect Ari Tiukkanen as the Chair of the

Board of Directors and Jorma Jokela as the Vice Chair of the Board of

Directors.

The Board of Directors also decided the compositions of its Committees,

which are as follows:

Audit Committee: Kristiina Leppänen (Chair), Marion Khüny and Ari Tiukkanen

Risk Committee: Marion Khüny (Chair), Kristiina Leppänen and Ari Tiukkanen

People and Culture Committee: Ari Tiukkanen (Chair), Goutam Challagalla and

Jorma Jokela

About Multitude SE:

Multitude is a listed European FinTech company, offering digital lending and

online banking services to consumers, small and medium-sized businesses, and

other FinTechs overlooked by traditional banks. The services are provided

through three independent business units, which are served by our internal

Banking-as-a-Service Growth Platform. Multitude's business units are

consumer banking (Ferratum), SME banking (CapitalBox) and wholesale banking

(Multitude Bank). Multitude Group employs over 700 people in 25 countries

and offers services in 16 countries, achieving a combined turnover of 230

million euros in 2023. Multitude was founded in Finland in 2005 and is

listed on the Prime Standard segment of the Frankfurt Stock Exchange under

the symbol 'FRU'.

25.04.2024 CET/CEST Veröffentlichung einer Corporate News/Finanznachricht,

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Sprache: Deutsch

Unternehmen: Multitude SE

Ratamestarinkatu 11 A

00520 Helsinki

Finnland

E-Mail: ir@multitude.com

Internet: https://www.multitude.com/

ISIN: FI4000106299

WKN: A1W9NS

Börsen: Regulierter Markt in Frankfurt (Prime Standard);

Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,

München, Stuttgart, Tradegate Exchange; Stockholm

EQS News ID: 1889599

Ende der Mitteilung EQS News-Service

1889599 25.04.2024 CET/CEST

 ISIN  FI4000106299

AXC0219 2024-04-25/12:00

Relevante Links: Multitude SE