The General Meeting is Sanoma’s highest decision-making body, convening at least once a year in accordance with the Sanoma Articles of Association. 

The Annual General Meeting (AGM) is held by the end of June each year and it handles the matters that fall under its authority according to the Finnish Companies Act as well as any matters proposed to a General Meeting. Extraordinary General Meetings are convened to handle specific matters proposed to a General Meeting.

According to the Finnish Companies Act, e.g. the following matters are subject to the decision-making power of a General Meeting:

  • amendments to the Articles of Association;
  • increases or decreases in share capital;
  • issues of shares or other rights entitling to shares;
  • acquisition of own shares;
  • decisions on the number, election and remuneration of Directors;
    adoption of the financial statements;
  • distribution of profits / allocation of losses.

Shareholders’ right to have matters dealt with by the General Meeting

According to the Finnish Companies Act, a shareholder may also request that his or her proposal to be handled at the next General Meeting. Such a request shall be made in writing to the company’s Board of Directors and the proposed matters shall fall within the competence of the General Meetings according to the Finnish Companies Act. Such a written request are asked to be sent to the Board of Directors well in advance before the Notice to the Annual General Meeting is published. 

Sanoma Corporation's Annual General Meeting  was held on Tuesday 13 April 2021.

Use of profit and payment of dividend

The AGM resolved that a dividend of EUR 0.52 per share shall be paid and a sum of EUR 700,000 shall be transferred to the donation reserve and used at the Board of Directors’ discretion.

The dividend shall be paid in two instalments. The first instalment of EUR 0.26 per share was be paid to a shareholder who was registered in the shareholders’ register of the Company maintained by Euroclear Finland Ltd on the dividend record date 15 April 2021. The payment date for this instalment was 22 April 2021.

The second instalment of EUR 0.26 per share shall be paid in November 2021. The second instalment shall be paid to a shareholder who is registered in the shareholders’ register of the Company maintained by Euroclear Finland Ltd on the dividend record date, which, together with the dividend payment date, shall be decided by the Board of Directors in its meeting scheduled for 26 October 2021. The dividend record date would then be on or about 28 October 2021 and the dividend payment date on or about 4 November 2021.

Decisions taken by Sanoma Corporation’s Annual General Meeting and Board of Directors (Stock Exchange Release on 13 April 2021) 

Chairman of the Board of Directors, Pekka Ala-Pietilä's speech at the AGM 2021 (interpreted in English) 

President and CEO Susan Duinhoven's presentation at the AGM 2021

Minutes of the Annual General Meeting 2021 (appendice to Minutes, see below)

Annual General Meeting 2021

Financial Statements 2020, Report of the Board of Directors, Auditor’s Report and Remuneration Report

Financial Statements 2020, Report of the Board of Directors and Auditor’s report can be found in Annual Review 2020

Annual Review 2020

Remuneration Report 

Remuneration Policy 2020

 

Introductions of Board member candidates

Shareholders representing more than 10% of all shares and votes of the Company have proposed to the Annual General Meeting that the Board of Directors comprises the following members: Pekka Ala-Pietilä, Julian Drinkall, Rolf Grisebach, Mika Ihamuotila, Nils Ittonen, Denise Koopmans, Sebastian Langenskiöld and Rafaela Seppälä as well as a new member of the Board of Directors Anna Herlin, and that the term of all the Board members ends at the end of the Annual General Meeting in 2022. Antti Herlin and Kai Öistämö do not stand for re-election to the Board of Directors.

In addition, the above-mentioned shareholders have proposed that Pekka Ala-Pietilä is elected as the Chairman and Nils Ittonen as the Vice Chairman of the Board of Directors.

All the proposed individuals have given their consent to being elected.

Introduction of the new Board member candidate

Current members of the Board of Directors

Questions by shareholders and responses to them by Company's management

Privacy Statement

Prematerials

Review by Susan Duinhoven, President and CEO

Auditor’s Report for 2020 – Samuli Perälä, Auditor with principal responsibility

Subtitles in English

Remuneration Report 2020 – Kai Öistämö, Chair of HR committee

Subtitles in English

Introduction of Anna Herlin, Board member candidate

Remuneration and Election of the Auditor – Denise Koopmans, Chair of Audit Committee

Previous Annual General Meetings

Annual General Meeting 2020

The Annual General Meeting of Sanoma Corporation was held on Wednesday, 25 March 2020 at 14:00 Finnish time (EET).

Due to the corona virus outbreak, shareholders were encouraged to attend the meeting by proxies and to follow the meeting via live-webcast. Shareholders were able to ask questions related to agenda points of the AGM during and after the meeting until 26 March 2020. No questions were received.

Recording of CEO's presentation

Pre-meeting Q&A

Important dates and times

  • The dividend was paid in two instalments: 0.25 EUR per share on 3 April 2020 and EUR 0.25 per share on 6 November 2020
  • The record date of the first dividend payment instalment was 27 March 2020 and on 30 October 2020 for the second instalment

Minutes of the meeting and appendice
Minutes of the Annual General Meeting 2020
Appendix 1 – Notice to the AGM of Sanoma Corporation 2020
Appendix 6 – Annual Review and Financial Statements 2019
Appendix 7 – Audit Report 2019 
Appendix 8 – Proposal for the use of the profit shown on the balance sheet and the payment of dividend
Appendix 9 – Remuneration Policy
Appendice 10-11 – Proposal for the remuneration and election of the Auditor
Appendix 12 – Proposal for authorising the Board of Directors to decide on the repurchase of the Company’s own shares
Appendix 13 – Proposal for authorising the Board of Directors to decide on issuance of shares, option rights and other special rights entitling to shares

Privacy statement
Read the full Privacy Statement