Remuneration

Management remuneration

Remuneration for the company CEO and the other members of the Management Team consists of a monthly salary divided into a fixed part and an objective-based, non-fixed part which is determined by customer and staff satisfaction as well as other factors alongside achieving financial objectives.

In the 1 January – 31 December 2019 period, the members of the company’s Management Team received, in total EUR 727 thousand as salaries.

Remuneration for the Board of Directors

The Annual General Meeting on 14 February 2020 decided that the chairman of the Board of Directors shall receive EUR 2,700 per month and other board members shall receive EUR 1,750 per month. Board members Lauri Puolanne, Jussi Hauru and Toni Haapakoski have not accepted remuneration for their work on the board.

Important information

You must read the following before continuing. The following applies to the information following this page, and you are therefore advised to carefully read and approve the following before reading, accessing or making any other use of the following information.

Bilot Oyj’s IPO shall be governed by the laws of Finland. No action has been taken, except solely in Finland, in order to register the shares or the IPO or for the general offering of shares.

The shares may not be, directly or indirectly, offered, sold, resold, transferred or delivered in such countries or jurisdictions or otherwise in such circumstances in which it would be unlawful or require measures other than those required under Finnish laws including the United States of America, Australia, Canada, Hong Kong, Japan, Singapore and South Africa. The documents on this site or the company description in accordance with the First North rules may not be delivered to persons in the above-mentioned countries and must not be copied in any way whatsoever. The company requires that the respective persons inform themselves of and observe all such restrictions. The company or the company’s representatives do not have any kind of legal responsibility for such violations whether or not such restrictions were known to prospective investors. The company reserves the right to, in its sole discretion reject any type of share subscription, which the company believes would cause the violation or breach of legislation, rule or regulation.

The shares of the Company have not been and will not be registered in accordance with the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

In order to access the information related to the IPO, you must approve the following:

(i) I have carefully read and understood the instructions and restrictions described above and I approve that they are applicable to me.

(ii) I am not resident of United States, Australia, Canada, Hong Kong, Japan, Singapore or South Africa and I am currently not in these countries.

(iii) If I am resident of any other country than Finland or if I am currently in any other country than in Finland, I have obtained the necessary information about the restrictions applicable to the delivery of this information and my participation in the IPO and I approve that they are applicable to me.