Pursuant to the Finnish Companies Act, shareholders exercise their power to resolve on matters at general meetings of the shareholders. Pursuant to the Finnish Companies Act, the Annual General Meeting of the company must be held annually no later than six months from the end of the company’s financial year. At the Annual General Meeting, the financial statements, including the income statement, statement of financial position and cash flow statement with notes thereto and consolidated financial statements, are presented to the shareholders for adoption. At the Annual General Meeting, shareholders also make decisions regarding, among others, use of profits shown in the statement of financial position, the discharge from liability of the members of the Board of Directors and the chief executive officer, the number of members of the Board of Directors as well as the election of the members of the Board of Directors and the auditor, and their respective remuneration.
An Extraordinary General Meeting in respect of specific matters must be convened when deemed necessary by the Board of Directors, or when requested in writing by the auditor of the company or by shareholders representing at least one-tenth of all of the issued and outstanding Shares in the Company.
Pursuant to the Articles of Association of Kreate, a notice to the general meeting shall be published on Kreate’s website no earlier than three months and no later than three weeks before the meeting. However, said notice of General Meeting must be published no less than nine days before the General Meeting record date, as defined by the Finnish Companies Act. Further, the date by which a shareholder must register with Kreate in order to attend the general meeting shall be mentioned in the notice of the General Meeting. In addition, pursuant to the rules of Nasdaq Helsinki, Kreate must publish the notice of the General Meeting by way of a stock exchange release. There are no quorum requirements for General Meetings of shareholders in the Finnish Companies Act or in the Articles of Association of Kreate.