HELSINKI - Afarak Group SE has announced its annual general meeting (AGM) to be held on June 3, 2025, starting at 10:00 am local time at the Union Square Auditorium in Helsinki. Shareholders registered by May 21, 2025, will be eligible to attend and vote, either in person or by proxy.
The meeting will address the approval of the 2024 financial statements and the board’s proposal that no dividend be distributed for the fiscal year ended December 31, 2024. Instead, the board is seeking authorization to distribute up to €0.005 per share from retained earnings or the invested unrestricted equity fund, effective until December 31, 2025. Details on this potential distribution will be announced separately following board decisions.
The AGM will also cover the adoption of the remuneration report for governing bodies for 2024, which is advisory under Finnish law, and decisions on the remuneration of board members, auditors, and sustainability report verifiers. Non-executive board members are proposed to receive €5,000 per month, with an additional €1,500 for the chairperson and committee members.
Regarding board composition, the nomination and remuneration committee suggests re-electing Dr. Jelena Manojlovic and Thorstein Abrahamsen and appointing Julien Duniague as new members for the term ending at the 2026 AGM.
Tietotili Audit Oy is recommended for reappointment as the company’s auditor, with KHT Urpo Salo as the principal auditor. The same firm is proposed as the verifier for sustainability reporting, also with Salo as the principal verifier.
The AGM documents, including the financial statements and remuneration report, are available on Afarak’s website. Shareholders may request copies upon demand, and the AGM minutes will be accessible online by June 17, 2025.
This announcement is based on a press release statement.
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