EQS-AGM: Multitude AG: Decisions of the Annual General Meeting of Shareholders of Multitude AG

Multitude AG: Decisions of the Annual General Meeting of Shareholders of Multitude AG

Zug, 13 May 2025 – Multitude AG, a listed European FinTech company, offering digital lending and online banking services to consumers, small and medium-sized businesses, and other FinTechs (ISIN: CH1398992755, WKN: A40VJN) (“Multitude” or “Company”) announces the following resolutions made by its Annual General Meeting, which took place today.

RESOLUTIONS OF THE ANNUAL GENERAL MEETING

Approval of the Business and Financial Review, the Financial Statements and the Consolidated Financial Statements for 2024, acceptance of the Auditors’ Reports

The Annual General Meeting approved the Business and Financial Review, the Financial Statements and the Consolidated Financial Statements 2024.

Resolution on the appropriation of available earnings

The total available earnings of Multitude AG in the financial year 2024 amount to EUR 82,369,498. The Annual General Meeting decided in accordance with the proposal of the Board of Directors that of this amount, EUR 2,330,108 shall be allocated to the statutory retained earnings and that for each share entitled to dividends, an ordinary dividend distribution of EUR 0.44 per share be distributed for the financial year 2024. The dividend will be paid on 19 May 2025 to shareholders. The dividend record date is 16 May 2025.

Approval of the ESG Report 2024

The Annual General Meeting approved the ESG Report 2024.

Discharge of the Board of Directors

The Annual General Meeting granted discharge to the members of the Board of Directors for the 2024 business year.

Elections to the Board of Directors and election of the Chairman of the Board of Directors

The Annual General Meeting decided to re-elect Ari Tiukkanen, Jorma Jokela, Lea Liigus and Marion Khüny as members of the Board of Directors, to re-elect Ari Tiukkanen as chairman of the Board of Directors and to elect Mika Ståhlberg as a new member of the Board of Directors, each one for a term until the closing of the next Annual General Meeting.

Elections to the People and Culture Committee

The Annual General Meeting decided to re-elect Ari Tiukkanen and Jorma Jokela as well as to elect Lea Liigus as members of the People and Culture Committee.

Election of the Independent Proxy

The Annual General Meeting elected Martin Rechtsanwälte GmbH, represented by Jürg Martin, as the Independent Proxy until the closing of the next Annual General Meeting.

Re-appointment of Auditors

The Annual General Meeting re-appointed PricewaterhouseCoopers AG as Auditors for the 2025 business year.

Remuneration

The Annual General Meeting approved the 2024 Remuneration Report in a consultative vote. Furthermore, the Annual General Meeting approved: (i) the maximum aggregate remuneration amount of EUR 72,000 for the members of the Board of Directors for the period since the relocation of the company to Switzerland until the Annual General Meeting 2025, (ii) the maximum aggregate remuneration amount of EUR 200,000 for the members of the Board of Directors for the period until the next Annual General Meeting, (iii) the maximum aggregate remuneration amount of EUR 4,500,000 for the 10 members of the Group Executive Board for the business year 2025, as well as (iv) the maximum aggregate remuneration amount of EUR 4,900,000 for the 10 members of the Group Executive Board for the business year 2026.

Introduction of a Capital Band

The Annual General Meeting decided to create, in addition to the ordinary capital, a capital band in accordance with Article 653s et seqq. of the Swiss Code of Obligations with a lower limit of EUR 40,189,326.00 and an upper limit of EUR 46,217,724.90, to authorize the Board of Directors to increase the share capital within this band (capital band) until May 13, 2030; and to supplement the articles of association of the Company accordingly with an article on the capital band, i.e.  Article 3a Capital Band.

Amendment of the articles of association regarding loans and credits to members of the Board of Directors or the Group Executive Board

The Annual General Meeting decided to amend Article 22 of the articles of association of the Company, to set out a framework for the granting of loans and credits to members of the Board of Directors or the Group Executive Board consistent with market practice and internal guidelines.

 

About Multitude AG:

Multitude is a listed European FinTech company, offering digital lending and online banking services to consumers, small and medium-sized enterprises, and other FinTechs overlooked by traditional banks. The services are provided through three independent business units, which are served by our internal Growth Platform. Multitude’s business units are Consumer Banking (Ferratum), SME Banking (CapitalBox), and Wholesale Banking (Multitude Bank). Multitude Group employs over 700 people in 25 countries and offers services in 17 countries, achieving a combined turnover of 264 million euros in 2024. Multitude was founded in Finland in 2005, is registered in Switzerland and is listed on the Prime Standard segment of the Frankfurt Stock Exchange under the symbol 'MULT'. www.multitude.com