Pressmeddelanden, rapporter och bolagsmeddelande för Kojamo Oyj

Kojamo plc's Shareholders’ Nomination Board has made proposals for the Annual General Meeting scheduled for March 13, 2025. They recommend maintaining the Board of Directors at seven members, with Mikael Aro as Chairman and the re-election of current members Kari Kauniskangas, Anne Koutonen, Mikko Mursula, Veronica Lindholm, Andreas Segal, and Annica Ånäs. All candidates are independent of the company and its major shareholders. The proposed annual fees include a combination of company shares and cash, with attendance allowances for meetings. The Nomination Board, formed in 2018, includes representatives from the three largest shareholders and the Chairman of the Board as an expert. Kojamo is Finland's largest private residential real estate company, focusing on urban housing and property development. Its shares are listed on Nasdaq Helsinki.

Kojamo plc has announced that Reima Rytsölä has been appointed as the new President and CEO, effective by June 1, 2025. Until then, Erik Hjelt will continue as the interim CEO. Rytsölä, who has a strong background in finance and investments, including real estate, was previously CEO of Solidium and has held various roles at Varma and OP Financial Group. He also served on Kojamo's Board of Directors from 2014 to 2023. Mikael Aro, Chairman of the Board, expressed confidence in Rytsölä's expertise to advance Kojamo's goals of sustainable urban living. Rytsölä expressed enthusiasm for developing Kojamo and its Lumo brand. Kojamo is Finland's largest private residential real estate company, focusing on environmentally friendly housing through its Lumo brand. Its shares are listed on Nasdaq Helsinki.

Kojamo plc released its Interim Report for January to September 2024, stating an increase in total revenue and net rental income, while the fair value of investment properties remained unchanged. By the end of September, Kojamo owned 40,973 rental apartments, having completed 779 new units over the year. The company maintains its 2024 outlook, predicting a 2-4% revenue increase and an FFO between EUR 142–152 million, excluding non-recurring costs. Although FFO decreased due to higher financial and maintenance expenses, the balance sheet remains strong with good liquidity. The rental market faces oversupply, but limited new construction and population growth in major cities are expected to eventually balance the market. Kojamo plans to start a new project in Helsinki by year-end. Administrative and repair expenses have decreased, contributing to cost savings. Kojamo refinanced its loans and expects favorable interest rate trends to aid future financing. Moody's confirmed Kojamo's Baa2 (negative) credit rating. The company continues to focus on enhancing urban living through its Lumo brand, which celebrates its 10th anniversary. A webcast news conference is scheduled for November 7, 2024.

Kojamo plc announced that its CEO, Jani Nieminen, will step down from his position by mutual agreement with the Board of Directors. Nieminen has been CEO since 2011. Erik Hjelt, the company's CFO and Deputy CEO, has been appointed as the interim CEO and will continue his role as CFO. The Board has begun the search for a new CEO. Under Nieminen's leadership, Kojamo grew into Finland's largest private residential investment company and was successfully listed on the stock exchange in 2018. The company aims to maintain its strong financial position amid market uncertainties and high interest rates. Nieminen expressed gratitude for his tenure and the company's achievements. Kojamo is a leading residential real estate company in Finland, known for its Lumo brand.

On September 13, 2024, Kojamo plc announced the composition of its Shareholders' Nomination Board. The three largest shareholders nominated Christian Fladeland as Chairman of the Nomination Board. Additionally, the Chairman of Kojamo's Board of Directors will serve as an expert member of the Nomination Board. The right to nominate representatives is given to the three shareholders with the largest voting shares as of the first workday in September, based on the shareholder register maintained by Euroclear Finland Ltd. The Shareholders' Nomination Board, established by the General Meeting, prepares and presents proposals concerning the Board of Directors' composition, chairman, and remuneration for the General Meeting. Kojamo plc is Finland’s largest private residential real estate company and a significant investor in the country, with a mission to enhance urban housing. Its shares are listed on Nasdaq Helsinki.