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HELSINKI - Finnish financial company Sampo Oyj has announced proposals for its Annual General Meeting scheduled for April 23, 2025, which include the reappointment of Deloitte Oy as the company’s auditor and sustainability reporting verifier for the fiscal year 2025. The board’s Audit Committee recommends that auditor and verifier fees be based on approved invoices.
In a statement released today, Sampo’s board also proposed a buyback authorization for up to 250 million of its own Series A shares, representing approximately 9.29% of all issued Series A shares. The repurchased shares are intended to be cancelled. The authorization is suggested to last until the conclusion of the next Annual General Meeting, but no longer than 18 months from the decision date.
Deloitte Oy has served as Sampo’s auditor since 2021 and as a sustainability reporting verifier since 2024. Fees paid to Deloitte for auditing services in 2024 totaled approximately €450,000, while sustainability verification fees were about €137,000. Additionally, fees for other services not related to auditing amounted to approximately €204,000.
The board’s Nomination and Compensation Committee had previously released its proposals for the AGM on December 9, 2024, and the board’s profit distribution proposal was published on February 6, 2025. All proposals, including those from the Audit Committee, are available on the company’s website.
The share buyback plan allows for targeted acquisitions if the board sees a compelling financial reason for the company. The purchase price for the shares should not exceed the highest price paid in public trading on the repurchase date or the average share price of the preceding five trading days. The buyback is to be funded from the company’s distributable reserves, reducing the funds available for dividend distribution.
The proposals are subject to approval by shareholders at the upcoming AGM. The information for this article is based on a press release statement from Sampo Oyj.
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