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Betolar Plc
Company Release 18 March 2026 at 12:10 p.m. EET
Betolar Plc: Resolutions of the Annual General Meeting and the Constitutive Meeting of the Board of Directors
Betolar Plc’s Annual General Meeting was held on Wednesday 18 March 2026.
The Annual General Meeting approved the financial statements for the financial period January 1 to December 31, 2025 and discharged the members of the Board of Directors and the President and CEO from liability.
Resolution on the treatment of the Loss Shown on the Balance Sheet
The Annual General Meeting resolved, in accordance with the proposal of the Board of Directors, to transfer the loss for the financial period to the profit (loss) account of previous financial periods and not to distribute a dividend.
Members of the Board of Directors and Remuneration
The Annual General Meeting confirmed, in accordance with the proposal of the Shareholders’ Nomination Committee, that the Board of Directors will consist of six (6) members and re-elected Anders Dahlblom, Jan-Elof Cavander, Kalle Härkki, Juha Leppänen and Inka Mero as members of the Board of Directors and elected Eeva Ruokonen as a new member of the Board of Directors.
The Annual General Meeting resolved that the Chairman of the Board will be paid a fee of EUR 3,500 per month, Deputy Chairman of the Board (if any) a fee of EUR 2,700 per month and other Members of the Board each a fee of EUR 1,900 per month. Furthermore, the Meeting resolved that the Chairman of the committees founded by the Board of Directors will be paid EUR 600 per meeting of the committees and other members of the committees will be paid EUR 300 per meeting. Travel expenses will be reimbursed in accordance with the maximum amount of the respective travel allowance base approved by the Tax Administration.
Auditor
The Annual General Meeting re-elected authorized Public Accountant PricewaterhouseCoopers Oy as the company’s auditor in accordance with the proposal of the Board of Directors. The remuneration of the auditor will be paid according to a reasonable invoice. PricewaterhouseCoopers Oy has stated that Maija Ant-Wuorinen will act as the principal auditor.
Authorizing the Board of Directors to Decide on the Issuance of Shares as well as the Issuance of Options and Other Special Rights Entitling to Shares
The Annual General Meeting resolved to authorize the Board of Directors in accordance with the proposal of the Board to decide on the issuance of up to 2,156,757 shares (including shares to be issued under special rights) may be issued, which corresponds to approximately ten (10) percent of the total number of shares in the company at the time of the convening of the Annual General Meeting. This authorization consists of the following two parts:
- Up to 1,456,757 new and/or treasury shares held by the company (including shares to be issued under special rights), which correspond to approximately seven (7) percent of the total number of shares in the company at the time of the convening of the Annual General Meeting. The authorization may be used to finance acquisitions or other investments related to the Company’s business, to maintain and increase the solvency of the group, as well as to expand the ownership base and develop the capital structure. Authorization is considered important as it enables the Board of Directors to have various options at their disposal, thereby safeguarding the flexibility and operational freedom of a growth Company.
- Up to 700,000 new and/or treasury shares held by the company (including shares to be issued under special rights), which correspond to approximately three (3) percent of all the shares in the company at the time of the convening of the Annual General Meeting. The authorization may be used for the implementation of the company’s incentive and commitment programs.
The authorization is valid until the next Annual General Meeting, however no later than June 30, 2027 and it revokes the authorization granted by the Annual General Meeting of March 27, 2025 to the Board of Directors.
Authorizing the Board of Directors to Decide on the Repurchase of Company’s Own Shares
The Annual General Meeting resolved to authorize the Board of Directors in accordance with the proposal of the Board to resolve on the repurchase of a maximum of 2,156,757 shares, which corresponds to approximately ten (10) per cent of the current number of all the company's shares. The company's own shares can only be repurchased with unrestricted equity, and the shares can be repurchased on the repurchase date at a price formed in multilateral trading or otherwise at a price formed in the market. Shares may also be acquired outside public trading at a price that does not exceed the market price in public trading at the time of acquisition.
The Board of Directors decides how the shares are acquired. Own shares may be repurchased other than in proportion to the shares held by the shareholders (directed repurchase) if there is a weighty financial reason for doing so. The Company's own shares may be acquired to develop the Company's capital structure, to be transferred to finance or implement possible acquisitions, investments or other arrangements related to the Company's business, to be used in the Company's incentive schemes or otherwise to be transferred, held or invalidated.
The authorization is valid until the next Annual General Meeting, however no later than June 30, 2027 and it revokes authorization granted by the Annual General Meeting of March 27, 2025 to the Board of Directors.
Constitutive Meeting of the Board of Directors
In its constitutive meeting held after the Annual General Meeting, the Board of Directors elected the Chairman and the members of the Audit Committee and the Personnel and Remuneration Committee from amongst its members.
Anders Dahlblom was elected as the Chairman of the Board. The members of the Audit Committee are Jan-Elof Cavander (Chairman), Anders Dahlblom, Kalle Härkki and Eeva Ruokonen. The members of the Personnel and Remuneration Committee are Anders Dahlblom (Chairman), Inka Mero and Eeva Ruokonen.
Betolar Plc
Further information:
Anders Dahlblom, Chairman of the Board of Directors, +358 40 081 5427
Certified Adviser:
Aktia Alexander Corporate Finance Oy, +358 50 520 4098
About Betolar
Betolar is a circular economy and materials technology company. The company develops innovative solutions that transform industrial sidestreams and waste into low-carbon, cement-free products for the mining, metals, and construction industries.
At the core of Betolar’s offering is its groundbreaking Metal Extraction Technology for recovering critical and strategic metals from industrial waste streams and mine tailings. Through its continuously evolving Geoprime® solution, Betolar significantly reduces CO₂ emissions associated with traditional cement use and supports more sustainable mining and construction practices.
Complementing its material innovations, Betolar’s AI-based data platform accelerates solution development and optimizes the utilization of industrial sidestreams. The SidePrime analytics service, built on this platform, identifies and maps opportunities for efficient sidestream and waste utilization, enabling data-driven circular solutions.
Betolar was founded in 2016 and is domiciled in Kannonkoski, Finland. Betolar is listed on the Nasdaq First North Growth Market Finland (ticker: BETOLAR), and its shares are also traded in the United States on the OTCQX International marketplace (ticker: BTLRF). For more information www.betolar.com.