Last checked at 7 Apr 2009 15:00
Sampo / Miscellaneous 07.04.2009 16:00 Dissemination of a UK Regulatory Announcement, transmitted byDGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.--------------------------------------------------------------------------- SAMPO PLC STOCK EXCHANGE RELEASE 7 April 2009 at 5.00 pm DECISIONS OF THE SAMPO PLC ANNUAL GENERAL MEETING The Annual General Meeting of Sampo plc, held today, decided to distribute a dividend of EUR 0.80 per share for 2008. The record date for dividend payment is14 April 2009. The dividend will be paid on 21 April 2009. The Annual General Meeting adopted the financial accounts for 2008 and discharged the Board of Directors and the Group CEO and President from liability for the financial year. The following members were re-elected to the Board of Directors: Tom Berglund, Anne Brunila, Eira Palin-Lehtinen, Jukka Pekkarinen, Christoffer Taxell, Matti Vuoria and Bjorn Wahlroos. Veli-Matti Mattila was elected as new Board member. At its organisational meeting, the Board elected Bjorn Wahlroos as Chairman. The following members were elected to the Nomination and Compensation Committee:Bjorn Wahlroos (Chairman), Matti Vuoria (Vice Chairman), Christoffer Taxell, Anne Brunila and Eira Palin-Lehtinen. Christoffer Taxell (Chairman), Tom Berglund (Vice Chairman), Jukka Pekkarinen and Veli-Matti Mattila were elected to the Audit Committee. The Board of Directors has assessed the independence of its members and concluded that Berglund, Brunila, Mattila, Palin-Lehtinen, Pekkarinen and Taxellare non-executive members independent of the company and its major shareholders.Based on the Board's assessment, Wahlroos and Vuoria are not independent of the company. The Annual General Meeting decided to pay the following fees to the members of the Board of Directors until the close of the 2010 Annual General Meeting: the Chairman of the Board will be paid EUR 160,000 per year, the Vice Chairman EUR 100,000 per year and the other members EUR 80,000 per year. After deduction of taxes and similar payments, 50 per cent of the Board members' annual compensation will be paid in Sampo A shares and the rest in cash. Board members employed by the company will not be paid a separate fee for Board work during the validity of the employment or service relationship. Ernst & Young Oy was elected as Auditor. The Auditor will be paid a fee determined by a reasonable invoice. The Annual General Meeting authorised the Board to acquire in one or several lots a maximum of 50,000,000 Sampo A shares. Shares can be repurchased in other proportion than the shareholders' proportional shareholdings (private repurchase). The share price will be no higher than the highest price paid for Sampo shares in public trading at the time of purchase. The authorisation will be valid until the close of the next Annual General Meeting, nevertheless not more than 18 months after AGM's decision. The Annual General Meeting decided to reduce the share premium account and the reserve fund on the company's Balance Sheet on 31 December 2008 by transferring all the funds in the share premium account and reserve fund on the Balance Sheeton 31 December 2008 to the invested unrestricted equity. The proposals of the Board of Directors and its Nomination and Compensation Committee and Audit Committee approved by the Annual General Meeting were published in a stock exchange release on 11 February 2009. The Board proposals are also available in their entirety at www.sampo.com SAMPO PLC Jarmo Salonen Head of Investor Relations and Group Communications For additional information, please contact: Jarmo Salonen Head of Investor Relations and Group Communications Tel. +358 10 516 0030 Maria Silander Press Officer Tel. +358 10 516 0031 DISTRIBUTION: NASDAQ OMX Helsinki Financial Supervisory Authority www.sampo.com The principal media News Source: NASDAQ OMX 07.04.2009 DGAP's Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: EnglishCompany: Sampo FinlandPhone: Fax: E-mail: Internet: ISIN: FI0009003305Category Code: MSCLSE Ticker: 0HAGSequence Number: 160Time of Receipt: Apr 07, 2009 16:00:02 End of Announcement DGAP News-Service ---------------------------------------------------------------------------UK-Regulatory-announcement transmitted by DGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.