Market announcement

Nordic Fibreboard AS

LEI code

54930002HOIXBD15OM06

Size of the entity

Small group

Economic activities

Financial and Insurance Activities

Country of registered office

Estonia

General information

Categories

Other price sensitive information

Unique data record identifier

5844

Submission date and time

19.12.2016 09:30:00

Content of announcement in Estonian

Title

Muudatused Skano Group AS juhatuses

Message

Muudatused Skano Group AS ja Skano Group AS-i kontserni tütarühingute juhatuses
ning nõukogu otsused
Skano Group AS teatab, et 16.detsembril 2016 toimus Skano Group AS nõukogu
koosolek ning nõukogu võttis vastu järgmised otsused: 

1. Muudatused Skano Group AS  juhatuses

Alates 02.01.2017 asub juhatuse esimehe ülesandeid täitma Torfinn Losvik. Lauri
Treimann jätkab Skano Group AS juhatuse liikmena (sh kontserni tütarühingutes). 

Torfinn Losvik on norra kodanik, kes on Eesti ärimaastikul tegutsev juba alates
1998. aastast. Torfinnil on laialdane juhtimiskogemus tootmisega seotud
ettevõtetes, olles tegevusjuht Marat AS-is (2003-2014) ning Finnwear OY-is
(1998-2002) ja nõukogu esimehena Particia Group OY-is (alates 2002. aastast).
Lisaks on tal ligikaudu kümneaastane investeerimispangaduse kogemus, töötades
Smith Barneys (praegu osa Citigroupist), Bankers Trustis (praegu osa Deutsche
Bankist) ning Lazardis. Samuti on Torfinn Norra-Eesti kaubanduskoja nõukogu
esimees alates 2013. aastast. 

2. Juhatuse liikme tagasiastumine Skano Group AS (sh. ka kõik kontserni
tütarühingud) juhatusest 

Kutsuda juhatuse liikme ametikohalt tagasi Gert Kuus, alates 26. detsembrist
2016, seoses nõukogu otsusega rahuldada tema poolt esitatud tagasiastumispalve. 

3. Skano Group AS juhatuse liikme Gert Kuusi aktsioptsioonid

Seoses esitatud tagasiastumispalvega lõpeb Skano Group AS ja Gert Kuus vahel
sõlmitud optsioonileping ning lahkuva juhatuse liikme aktsiaoptsioonid kaotavad
oma kehtivuse. 

16. detsember 2016 seisuga on varem välja antud optsiooniprogrammi põhjal
jäänud õigus märkida tänastel ja endistel juhatuse liikmetel kokku 33 333
aktsiat. 



         Ülo Adamson
         Nõukogu esimees
         Telefon: +372 513 94 24
         E-mail: [email protected]

Content of announcement in English

Title

Changes in the Management Board of Skano Group AS

Message

Changes in the Management Board of Skano Group AS and decisions of the
Supervisory Board of Skano Group AS
Skano Group AS informs that the Supervisory Board convened on December 16th,
2016 and decided the following: 

1. Changes to the Management of Skano Group AS

Effective January 02, 2017, Torfinn Losvik is appointed to the position of
Chairman of the Management Board of Skano Group. Lauri Treimann will continue
as a management board member of Skano Group AS (including the group's
commercial subsidiaries). 

Torfinn Losvik is a Norwegian citizen, active in the Estonian business scene
since 1998. Torfinn has extensive management experience from manufacturing
related companies, such as CEO positions at Marat AS (2003-2014) and Finnwear
OY (1998-2002) and Chairman of the Board at Patricia Group OY (since 2002), and
has nearly ten years of corporate finance experience from Smith Barney (now
part of Citigroup), Bankers Trust (now part of Deutsche Bank) and Lazards.
Torfinn is also the Chairman of Norwegian-Estonian Chamber of Commerce since
2013. 

  1. Resignation of a Management Board member of Skano Group AS (including all
     the Group's subsidiaries)

Following the application of resignation by Gert Kuus, Management Board member
of Skano Group, Supervisory Board approved the resignation, with effect from
December 26th. 

  1. Gert Kuus’ agreement on Skano Group AS share options

In connection with the departure, the share option agreement with Gert Kuus
ends and the departing member loses the right to use share options. 

As of December 16th, 2016, the total remaining outstanding options entitle to
the subscription of 33,333 shares. 





         Ülo Adamson
         Chairman of the Supervisory Board
         Phone +372 513 94 24
         E-mail [email protected]