Proposals of Sampo´s Board of Directors to the Annual General Meeting
Stock Exchange Release - 02/15/2006 at 11:30 AMReduction in share capital through cancellation of Sampo A shares held by the company.
The Board of Directors proposes to the Annual General Meeting that the company’s share capital be reduced by the total counter-book value of the 7,000,000 Sampo A shares bought back in 2005, approximately EUR 1.2 million. The share capital reduction will take place without consideration through a cancellation of the above-mentioned A shares, which will reduce the number of shares by a corresponding amount.
Authorisation to resolve on repurchase of Sampo A shares
The Board proposes that the Annual General Meeting authorise the Board to resolve on repurchasing of Sampo shares and that such authorisation be valid until 5 April 2007. The maximum amount of A shares to be repurchased would be 5 per cent of the company’s share capital or of the number of votes attached to all shares.
The proposals of the Board are attached in full to this release and are also available at the Internet address www.sampo.com/ir.
SAMPO PLC
Board of Directors
DISTRIBUTION:
Helsinki Stock Exchange
The principal news media
Financial Supervision
www.sampo.com
ATTACHMENTS 1-4
1. Proposal by the Board of Directors of Sampo plc to reduce the share capital by cancellation of Sampo A shares held by the company
2. Proposal by the Board of Directors of Sampo plc to authorize the Board of Directors to repurchase Sampo shares
3. Auditors’ statement – reduction of share capital
4. Auditors’ statement – repurchase of Sampo shares