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HELSINKI - Sampo plc’s Board of Directors and its Audit Committee have put forth several key proposals for the upcoming Annual General Meeting (AGM) scheduled for April 23, 2025. The proposals, announced on March 26, include the re-election of Deloitte Ltd as the company’s Auditor and Sustainability Reporting Assurance Provider for the 2025 financial year, along with a share repurchase plan.
The Audit Committee recommended that Deloitte Ltd continue its role, with compensation for their services to be paid against approved invoices. Additionally, the Board of Directors is seeking authorization from the AGM to repurchase up to 250 million A shares, representing approximately 9.29% of all outstanding A shares. These repurchased shares are intended to be cancelled.
If approved, the share buyback authorization would remain valid until the close of the next AGM or for a maximum of 18 months from the decision date, whichever comes first.
These recent proposals follow earlier ones from the Nomination and Remuneration Committee, which were made public on December 9, 2024, and the Board’s profit distribution proposal, published on February 6, 2025. All proposals for the AGM are accessible on Sampo’s website.
The information presented in this article is based on a press release statement from Sampo plc. The company’s forthcoming AGM will see shareholders vote on these proposals, which could influence the company’s financial strategies for the year ahead.
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