Annual General Meeting
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.
Sanoma has announced that it plans to organise the AGM 2017 on 21 March 2017 in Helsinki. If a shareholder requests a proposal to be included on the agenda of the General Meeting, he or she shall notify the Board of Directors by 10 January 2017.
Request can be emailed to firstname.lastname@example.org or sent to Sanoma Corporation, Group Legal Affairs, P.O.Box 60, 00089 Sanoma.