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HELSINKI - Afarak Group SE has announced its Annual General Meeting (AGM) for shareholders will take place on June 3, 2025, at Union Square Auditorium in Helsinki, Finland. The meeting is scheduled to start at 10:00 a.m. local time, with registration beginning at 9:30 a.m.
The agenda for the AGM includes the presentation of the annual accounts, the report of the Board of Directors, and the auditor’s report for the financial year 2024. The CEO will also provide a review. One of the key financial decisions to be discussed is the Board of Directors’ proposal regarding dividends. Citing weaker results due to ongoing macroeconomic uncertainty and market volatility, the Board has recommended that no dividend be distributed based on the balance sheet for the financial year ended December 31, 2024. Instead, the Board seeks authorization to decide on the distribution of dividends and assets from the reserve for invested unrestricted equity, up to a maximum of EUR 0.005 per share, valid until December 31, 2025.
Shareholders will have the opportunity to vote on the approval of the remuneration report for governing bodies, which is advisory in nature, and to make decisions regarding the remuneration of Board members and auditors. The remuneration report has been available since March 28, 2025, on the company’s website.
The AGM will also cover the election of Board members and auditors. The Nomination and Remuneration Committee proposes the re-election of Dr. Jelena Manojlovic and Thorstein Abrahamsen as Board members and the election of Julien Duniague as a new member. Tietotili Audit Oy has been proposed for re-election as the company’s auditor, with APA Urpo Salo as the primary auditor responsible. Additionally, Tietotili Audit Oy is proposed as the sustainability reporting assurer, also with Urpo Salo taking the lead responsibility.
Shareholders can exercise their right to vote by voting in advance, with instructions provided in the AGM notice. The advance voting period begins on May 12, 2025, and ends on May 26, 2025. The company’s total shares and voting rights amount to 277,041,814, with 15,641,514 shares held in treasury.
The information for this article is based on a press release statement by Afarak Group SE.
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