Resolutions passed at the Annual General Meeting of YIT Corporation

Resolutions passed at the Annual General Meeting of YIT Corporation 

The Annual General Meeting of YIT Corporation held today, April 3, 2025, adopted the 2024 financial statements and discharged the members of the Board of Directors and the President and CEO from liability. The Annual General Meeting approved the Remuneration Report for the company’s governing bodies for the financial year 2024. The Annual General Meeting also decided on the composition of the Board of Directors and their fees, as well as authorizing the Board of Directors to decide on the repurchase of company shares and share issues.  

Distribution of dividends  

The Annual General Meeting decided to approve the proposal of the Board of Directors to not distribute dividend. 

Remuneration report  

Remuneration report for the company’s governing bodies for the financial year 2024 was presented to the Annual General Meeting. The Annual General Meeting decided to approve the remuneration report. The decision was advisory. 

Composition of the Board of Directors and their fees  

The Annual General Meeting resolved to elect a Chairperson, Vice Chairperson and four ordinary members to the Board of Directors for a term ending at the close of the next Annual General Meeting following their election, namely: Jyri Luomakoski re-elected as the Chairperson, Casimir Lindholm re-elected as the Vice Chairperson and Anders Dahlblom, Sami Laine, Kerttu Tuomas and Leena Vainiomäki re-elected as members.   

It was resolved that the members of the Board of Directors be paid the following fixed annual fees for the term of office ending at the conclusion of the next Annual General Meeting:  

Chairperson of the Board: EUR 105,000  

Vice Chairperson and Chairpersons of the permanent Committees: EUR 73,500, unless the same person is Chairperson of the Board or Vice Chairperson of the Board and  

members EUR 52,500.  

In addition, it was decided that the annual remuneration for the members of the Board of Directors shall be paid in company shares so that 40% of the annual fee is paid in YIT Corporation shares to be purchased on the Board members’ behalf from the market at a price determined in public trading from a regulated market (Nasdaq Helsinki Ltd). The shares will be purchased within two weeks of the publication of the Interim Report for the period 1 January–31 March 2025 or on the first possible date under applicable law. The company will pay any costs related to the purchase of company shares.  

In addition to the fixed annual fee, the members of the Board and its permanently and temporarily appointed committees be paid a meeting fee of EUR 800 per meeting, also for meetings of the Board and its committees held via electronic remote connections or by telephone.   

The Chairperson of the Board and the Chairperson of the permanent and temporarily appointed committees be paid a meeting fee of EUR 1,600 per meeting. Per diems are paid for trips in Finland and abroad in accordance with YIT Corporation’s and tax authorities’ travelling compensation regulations.  

The members of the Shareholders’ Nomination Board, including the expert member, will be paid a meeting fee of EUR 800 per a Board meeting and the Chairperson be paid EUR 1,600 per a Board meeting.  

Election of the auditor 

Ernst & Young Oy, Authorised Public Accountants, was elected as the auditor for the financial year 2025, with Mikko Rytilahti, APA, serving as the chief auditor. It was also resolved that the auditor’s fee was to be paid according to their invoice approved by the Company. 

Election of the sustainability auditor 

Ernst & Young Oy, Authorized Sustainability Audit Firm, was elected as the Company’s sustainability auditor for the financial year 2025, with Mikko Rytilahti, ASA, serving as the chief sustainability auditor. It was also resolved that the sustainability auditor’s fee was to be paid according to their invoice approved by the Company. 

Repurchase of the company’s own shares  

The Annual General Meeting authorized the Board of Directors to decide on the purchase of company shares as proposed by the Board of Directors. The authorization covers the purchasing of a maximum of 23,000,000 company shares using the company’s unrestricted equity. The authorization reverses the authorization to purchase the company's own shares issued by the Annual General Meeting on March 14, 2024. 

The authorization is valid until June 30, 2026.  

Share issues  

The Annual General Meeting authorized the Board of Directors to decide on share issues as proposed by the Board of Directors. The authorization can be used in full or partially by issuing shares in the company in one or more tranches so that the maximum number of shares issued is a total of 23,000,000. The Board of Directors has the right to decide on all terms and conditions of issuing shares.  

The authorization reverses the authorization to decide on share issues by the Annual General Meeting on March 14, 2024.   

The authorization is valid until June 30, 2026.  

Other information  

On April 3, 2025, the total number of YIT shares is 232,059,853 and YIT holds 1,485,749 of its own shares.  

The minutes of the Annual General Meeting will be available on the Internet at the company’s website www.yitgroup.com by April 17, 2025, at the latest.  

For further information: 
Juha Jauhiainen, Corporate General Counsel, YIT Corporation, tel. +358 40 725 643,  juha.jauhiainen@yit.fi

YIT Corporation 

Tuomas Mäkipeska 
CFO 

Distribution: Nasdaq Helsinki, major media, www.yitgroup.com  

We build and develop sustainable living environments: functional and comfortable real estate as homes, public and commercial buildings for future needs, infrastructure to promote the green transition, and industrial, production and energy facilities to support our customers' processes. YIT's vision is to be the most competent partner in the development of sustainable homes, spaces and cities - for a good life. The company employs around 4 100 professionals, and in 2024 our turnover was EUR 1.8 billion. YIT’s shares are listed on Nasdaq Helsinki. 

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