Resolutions taken by the Annual General Meeting of Sato Corporation
23 March 2023
SATO Corporation, Stock Exchange release, 23 March 2023 at 2:30 pm
Adoption of financial statements and discharge from liability
On 23 March 2023 the Annual General Meeting of SATO Corporation adopted the company's financial statements for the financial period 1 January - 31 December 2022 and discharged the members of the Board of Directors and the President and CEO from liability for the financial period 2022.
Board of Directors
The number of members of the Board of Directors was confirmed to be six (6).
The Annual General Meeting elected Erik Selin to serve as Chairman of the Board. Members Esa Lager, Tarja Pääkkönen, Sharam Rahi, Johannus (Hans) Spikker and Timo Stenius were re-elected as members of the Board of Directors.
Auditor
Deloitte Oy, the firm of authorized public accountants, was elected as the auditor. Deloitte Oy has notified that APA Aleksi Martamo will serve as the auditor with principal responsibility.
Dividend distribution
The Annual General Meeting resolved that for the financial year 2022 the company will not distribute any dividend.
Further information
CEO Antti Aarnio, tel. +358 20 134 4200
CFO Markku Honkasalo, tel. +358 20 134 4226
DISTRIBUTION: NASDAQ Helsinki Ltd., Euronext Dublin, main media, www.sato.fi
SATO Corporation is an expert in sustainable rental housing and one of Finland’s largest rental housing providers. SATO owns around 25,000 rental homes in the Helsinki Metropolitan Area,Tampere and Turku.
SATO aims to provide an excellent customer experience and a comprehensive range of urban rental housing alternatives with good access to public transport and services. We promote sustainable development and work in open interaction with our stakeholders. SATO invests profitably, sustainably and with a long-term view. We increase the value of our assets through investments, divestments and repairs.
_In 2022, SATO Group’s net sales totalled EUR 291.2 million, operating profit EUR 198.9 million and profit before taxes EUR 151.9 million. The value of SATO’s investment properties is around EUR 5 billion. www.sato.fi