Euroclear Finland and Lumi successfully supported Väritukku Oy conduct their first ever hybrid annual general meeting on 17 April 2021. The meeting was held as a combination of online and physical shareholder presence with real-time voting capability.
“Due to the ongoing pandemic, we wanted to ensure the safety of our shareholders and staff. We looked into different options for meeting arrangements and concluded that Euroclear Finland’s online meeting service was the best fit for our needs. The Euroclear solution gave our shareholders an opportunity to participate safely and in real time both on site and remotely. Even though this was the first meeting of its kind in Finland, preparations went smoothly and integrating new technology into meeting procedures and practices went really well. I believe that an online general meeting is the most convenient way for shareholders to participate and exercise their rights, without having to travel from across Finland to the physical meeting. I can warmly recommend the Euroclear Finland hybrid general meeting solution”, said Jani Karotie, CEO, Väritukku Oy.
“Lumi was delighted to work with Euroclear to deliver the hybrid meeting for Väritukku. The meeting was a great success, and I’d like to thank the teams at both Euroclear and Väritukku for being such a pleasure to work with. With the hybrid meeting model being increasingly well adopted across the world and now our first in Finland, I am looking forward to continuing to build our partnership with Euroclear to deliver secure, reliable and successful AGMs”, said Peter Fowler, Managing Director, Lumi AGM UK.
Euroclear Finland offers a suite of services to support general meetings for companies of all sizes, from large stock exchange listed corporations to smaller non-listed companies, associations or any other smaller organization. Additionally, for companies in the book-entry system, Euroclear Finland provides the display of shareholder lists, registration of advance votes from the custody chain through SRDII compliant process and by using strong authentication from directly registered shareholders. Companies can opt for any combination of meeting options ranging from fully online, a hybrid model or a physical meeting. Using the Euroclear Finland meeting services ensures that legal requirements of the meeting are fulfilled and that every shareholder’s rights are respected.
