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Decisions taken by Sanoma Corporation’s Annual General Meeting and Board of Directors
Globenewswire·2025-04-29 10:45

Core Points - Sanoma Corporation held its Annual General Meeting (AGM) on April 29, 2025, where key decisions regarding financial statements, board members, dividends, and authorizations were made [1][5][10]. Dividend - The AGM resolved to pay a dividend of EUR 0.39 per share, distributed in three equal installments of EUR 0.13 each [2][3][4]. Board of Directors - The number of Board members was set at nine, with Pekka Ala-Pietilä re-elected as Chair and Klaus Cawén as Vice Chair. New members Jannica Fagerholm and Timo Lappalainen were also elected [5]. Remuneration - Monthly remuneration for Board members remains unchanged, with the Chair receiving EUR 12,000, the Vice Chair EUR 7,000, and other members EUR 6,000. Meeting fees for Committee chairs and members will see an increase [6][7]. Auditor - PricewaterhouseCoopers Oy was appointed as the Auditor and Sustainability Auditor, with Tiina Puukkoniemi as the principal responsible auditor [9]. Share Repurchase Authorization - The AGM authorized the Board to repurchase up to 16,000,000 shares (approximately 9.8% of total shares) until June 30, 2026, to enhance capital structure and for potential corporate acquisitions [10][11]. Share Issuance Authorization - The Board was authorized to issue up to 16,000,000 new shares and convey up to 21,000,000 treasury shares, valid until June 30, 2026 [12]. Committee Appointments - The Board appointed members to its committees, including Rolf Grisebach as Chair of the Audit Committee and Julian Drinkall as Chair of the Human Resources Committee [13]. Company Overview - Sanoma operates across Europe, employing nearly 5,000 professionals, with net sales of approximately EUR 1.3 billion in 2024 and an operational EBIT margin of 13.4% [16].