Result of Requisitioned General Meeting
Fiinu Plc announced the results of its Requisitioned General Meeting where neither of the two resolutions proposed by Granicus Holdings OÜ, concerning the removal of Dr. Marko Petteri Sjoblom as a director and an independent review of executive leadership and governance, were passed. Shareholders supported the Board's recommendations, with 190,168,188 votes (68.35%) against the removal of Dr. Sjoblom and 189,419,433 votes (68.08%) against the independent review, while 88,075,510 votes (31.65%) and 88,824,368 votes (31.92%) were cast in favour respectively. The Chairman expressed delight that shareholders supported the Board and Dr. Sjoblom, noting the voting result was similar to a previous re-appointment vote.
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The Company announces the results of the Requisitioned General Meeting of the Company held earlier today.
The resolutions proposed by Granicus Holdings OÜ, (the "Requisitioning Shareholder") were put to shareholders by way of a poll. Neither resolution was passed and the Board's recommendations were supported by shareholders.
The results were as follows:
| Resolutions | For | % | Against | % | Withheld 1 | |
|---|---|---|---|---|---|---|
| 1 | Removal of Dr Marko Petteri Sjoblom as a director | 88,075,510 | 31.65% | 190,168,188 | 68.35% | 2394 |
| 2 | Independent review of executive leadership and governance | 88,824,368 | 31.92% | 189,419,433 | 68.08% | 2291 |
1 A vote withheld is not a vote under English law and is not counted in the calculation of votes 'for' or 'against' a resolution.
David Hopton, Chairman, stated: "I am delighted that shareholders have chosen to support the Board and vote against the resolutions proposed by the Requisitioning Shareholder which it believes were contrary to the interests of the Company and shareholders as a whole. The Board expresses in the strongest terms its unanimous support for Dr Marko Sjoblom. We also note that the voting result in support of Dr Marko Sjoblom is almost identical to the votes cast at the Annual General Meeting held on 24 July 2026 when he was re-appointed as a director of the Company. Shareholders have therefore had two opportunities to express their views and have emphatically supported the Board, management and the CEO. The Board remains focused on the continued execution of the Company's strategy and on acting in the best interests of all shareholders."
The Board notes that, notwithstanding the Board's recommendation that shareholders vote against both resolutions, more than 20 per cent. of the votes cast were in favour of each resolution. The Board will provide an update on the outcome of shareholder engagement in accordance with Provision 4 of the UK Corporate Governance Code 2024 in due course.
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