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HELSINKI - Finnish financial company Sampo plc held its Annual General Meeting (AGM) today, during which shareholders approved a series of proposals from the board of directors, including a dividend distribution and changes to the board’s composition.
The AGM ratified the financial statements for the year ended December 31, 2024, and absolved the board members and CEO of liability for the fiscal year. A dividend of €0.34 per share for 2024 was sanctioned, with a record date of April 25, 2025, and payment dates set for May 6, 2025, for shareholders and May 8, 2025, for Swedish depository receipt holders.
In board elections, the number of directors was reduced from nine to eight. Seven existing members were re-elected, and Sara Mella joined as a new member. Antti Mäkinen was named Chair and Risto Murto as Vice Chair. The AGM confirmed that all board members meet the independence criteria set by the Finnish Corporate Governance Code 2025.
The AGM also agreed to an increase in annual fees for board members, with the Chair receiving €243,000, the Vice Chair €140,000, and other members €108,000 each. Additional fees for committee chairs were also set. Board members are required to invest half of their net annual fees in Sampo plc A shares, adhering to ownership guidelines.
Deloitte Ltd was re-elected as the company’s auditor and Sustainability Reporting Assurance Provider for 2025, with compensation based on approved invoices.
Furthermore, the AGM granted the board authority to repurchase up to 250 million A shares, corresponding to about 9.29% of all A shares, with the repurchased shares to be canceled. This authorization remains effective until the next AGM or for a maximum of 18 months.
The approved AGM proposals and the Remuneration Report for Governing Bodies are accessible on the company’s website. The AGM minutes will be available by May 7, 2025.
The decisions made at the AGM reflect Sampo plc’s ongoing corporate governance practices and shareholder engagement. This report is based on a press release statement from Sampo plc.
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