Sampo Oyj Decisions Of Sampo Plc's Annual General Meeting

Features Dow Jones Newswires

TIDMSAMPO

Continue Reading Below

SAMPO PLC STOCK EXCHANGE RELEASE 27 April 2017 at 7:20

pm

Decisions of Sampo plc's Annual General Meeting

The Annual General Meeting of Sampo plc, held today on 27 April 2017,

decided to distribute a dividend of EUR 2.30 per share for 2016. The

Continue Reading Below

record date for dividend payment is 2 May 2017 and the dividend will be

paid on 9 May 2017. The Annual General Meeting adopted the financial

accounts for 2016 and discharged the Board of Directors and the Group

CEO and President from liability for the financial year.

The Annual General Meeting elected eight members to the Board of

Directors. The following members were re-elected to the Board: Christian

Clausen, Jannica Fagerholm, Adine Grate Axén, Veli-Matti Mattila,

Risto Murto, Eira Palin-Lehtinen, Per Arthur Sørlie and Björn

Wahlroos. The Members of the Board were elected for a term continuing

until the close of the next Annual General Meeting.

At its organizational meeting, the Board elected Björn Wahlroos as

Chairman and Eira Palin-Lehtinen as Vice-chairperson. Veli-Matti Mattila,

Risto Murto, Eira Palin-Lehtinen and Björn Wahlroos (Chairman) were

elected to the Nomination and Compensation Committee and Jannica

Fagerholm (Chairman), Christian Clausen, Adine Grate Axén and Per

Arthur Sørlie to the Audit Committee.

All the Board members have been determined to be independent of the

company and of the major shareholders under the rules of the Finnish

Corporate Governance Code 2015. The curriculum vitaes of the Board

Members are available at www.sampo.com/board.

The Annual General Meeting decided to pay the following fees to the

members of the Board of Directors until the close of the 2018 Annual

General Meetingthe Chairman of the Board will be paid an annual fee of

EUR 175,000, the Vice Chairperson of the Board and the Chairperson of

the Audit Committee will be paid EUR 115,000, the members of the Audit

Committee will be paid EUR 96,000 and the other members of the Board of

Directors will be paid EUR 90,000 each. A Board member shall in

accordance with the resolution of the Annual General Meeting acquire

Sampo plc's A shares at the price paid in public trading for 50 per cent

of his/her annual fee excluding taxes and similar payments. In

determining the proposed fees, the Committee has considered the

significant increase in the use of time required from a Board member as

a result of, in particular, the increase in reporting in the finance

industry and in the industry-specific regulation by the authorities.

Annual fees payable to the Board members were increased for the first

time since 2008.

Ernst & Young Oy was elected as Auditor. The Auditor will be paid a fee

determined by an invoice approved by Sampo. Kristina Sandin, APA, will

act as the principally responsible auditor.

Based on the proposal made by a shareholder and the Board of Directors,

the AGM made the decision on the forfeiture of the share certificates

that were still in the joint account and the rights carried by the

shares. The forfeiture concerns the paper shares that are still in the

joint account with regard to which the registration of shareholder

rights in the book-entry system has not been requested prior to the

resolution by the AGM on 27 April 2017 at 2 pm. The decision does not

apply to shares whose transfer into the book-entry system has been

validly requested by the aforementioned deadline and whose request for

conversion after the conversion period will be finalized by 31 October

2017. The company's Board of Directors will cancel the treasury shares

to be held by the company as a result of the forfeiture. Approximately

98.9 per cent of the votes cast at the AGM were in favor of the proposal

for the forfeiture of the share certificates that were still in the

joint account and the rights carried by the shares.

The Annual General Meeting authorized the Board to repurchase a maximum

of 50,000,000 Sampo A shares. The price paid for the shares repurchased

under the authorization shall be based on the current market price of

Sampo A shares on the securities market. The authorization will be valid

until the close of the next Annual General Meeting, nevertheless not

more than 18 months after AGM's decision.

There were 3,105 shareholders represented at the beginning of the

meeting holding altogether 373,911,948 shares and 378,711,948 votes in

the company.

The proposals approved by the Annual General Meeting were published in

stock exchange releases on 8 February 2017. Proposals are available in

their entirety at www.sampo.com/agm.

The minutes of the Annual General Meeting will be available for viewing

at www.sampo.com/agm and at Sampo plc's head office at Fabianinkatu 27,

Helsinki, Finland, on 11 May 2017 at the latest.

SAMPO PLC

Jarmo Salonen

Head of Investor Relations and Group Communications

tel. +358 10 516 0030

Maria Silander

Communications Manager

tel. +358 10 516 0031

Distribution:

Nasdaq Helsinki

London Stock Exchange

The principal media

Financial Supervisory Authority

www.sampo.com

This announcement is distributed by Nasdaq Corporate Solutions on behalf

of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely

responsible for the content, accuracy and originality of the information

contained therein.

Source: Sampo Oyj via Globenewswire

http://www.sampo.com

(END) Dow Jones Newswires

April 27, 2017 12:35 ET (16:35 GMT)