Solteq Oyj

The Shareholders’ Nomination Committee of Solteq Plc has proposed to the Annual General Meeting, scheduled for March 27, 2025, the composition and remuneration of the Board of Directors. The Committee suggests having seven Board members for the term ending at the 2026 Annual General Meeting. Katarina Cantell and Panu Porkka will not continue as Board members. Lotta Kopra and Markus Huttunen are proposed as new members, while Markku Pietilä, Lotta Airas, Anni Sarvaranta, Mika Sutinen, and Esko Mertsalmi are proposed for re-election. Markku Pietilä is nominated as Chairman. Kopra and Huttunen bring significant experience in business leadership and digital transformation. Markku Pietilä and Lotta Airas are dependent on a significant shareholder, while other members are independent. The Committee proposes unchanged remuneration: EUR 5,000 per month for the Chairman, EUR 2,500 per month for members, and EUR 500 per Board or Committee meeting, with reimbursement of reasonable expenses. The Nomination Committee comprises members representing the four largest shareholders. The proposals were made unanimously, considering the company's Board diversity policy, and will be included in the AGM notice. Solteq is a Nordic software and expert service provider in the retail and energy sectors, employing over 400 professionals across several countries.

Solteq Plc has repurchased EUR 2,260,000 of its notes maturing in 2026 as part of a strategy to optimize its financial structure and enhance flexibility. The Board of Directors has decided to cancel these acquired notes, aiming to strengthen the company's financial position, reduce interest expenses, improve its credit profile, and lower financial risks. The remaining outstanding bond amount will be EUR 20,740,000. Solteq, a Nordic software and service provider for the retail and energy sectors, employs over 400 professionals and operates in several European countries. Further repurchases may occur if market conditions allow.

A notification was issued regarding transactions by Great Expectations Capital Oy, a legal entity with managerial responsibilities in Solteq Oyj, where Aarne Aktan serves as CEO. The transactions, conducted on December 20, 2024, at NASDAQ Helsinki, involved the acquisition of shares in Solteq Oyj. The total volume of shares acquired was 20,000 with a volume-weighted average price of 0.59381 EUR. Solteq Oyj is a Nordic company providing software solutions and services in the retail and energy sectors, with operations in several European countries.

Solteq Plc issued a stock exchange bulletin on December 3, 2024, regarding transactions by Great Expectations Capital Oy, a legal entity associated with Aarne Aktan, the CEO of Solteq. The transactions involved the acquisition of shares on NASDAQ Helsinki. On November 29, 2024, a total of 5,365 shares were acquired at a volume-weighted average price of 0.59636 EUR. On December 2, 2024, 29,000 shares were acquired at a volume-weighted average price of 0.61626 EUR. Solteq is a Nordic company providing software solutions and expert services in the retail and energy sectors, with a presence in several European countries.

On November 26, 2024, Jesper Boye, Solteq Plc’s EVP of Retail & Commerce and Executive Team member, announced his resignation. He will leave his current role immediately but will remain with the company until the end of the year. Mikko Sairanen, the CFO, will take over as interim head of the Retail & Commerce segment while the company searches for a new EVP. Jesper Boye expressed gratitude for his time at Solteq and was thanked by CEO Aarne Aktan for his contributions. The current Executive Team includes Aarne Aktan (CEO and EVP of Utilities), Mikko Sairanen (CFO and interim EVP of Retail & Commerce), Oona Silén (VP of People and Culture), and Christa Tavan (Director of Marketing and Communications). Solteq is a Nordic software and services provider in the retail and energy sectors, employing over 400 people across several countries.