Shareholders and dividend policy

Largest shareholders 30th September 2024

Largest shareholders

Number of shares

%

Balder Finska Otas AB (Fastighets AB Balder)

48,483,564

57.0%

Stichting Depositary APG Strategic Real Estate Pool

19,217,470

22.6%

Elo Mutual Pension Insurance Company

10,849,621

12.8%

State Pension Fund of Finland

4,194,300

4.9%

Valkila Erkka

385,000

0.5%

Tradeka Invest Ltd

189,750

0.2%

Research Foundation of the Pulmonary Diseases

180,000

0.2%

SATO Corporation

166,000

0.2%

Komulainen Pekka

159,825

0.2%

Entelä Tuula

151,500

0.2%

Others (119 shareholders)

1,085,414

1.3%


At 30 September 2024, SATO had 85,062,444 shares and 129 shareholders registered in the book-entry system. The share turnover rate was 0.0% for the period from 1 January to 30 September 2024.

Dividend policy

Annual dividends paid will, depending on the market situation, investment level, the development of equity ratio and the solvency ratio, be a maximum of 40 percent of the cash earnings.

The Annual General Meeting in 21st March 2024 decided that SATO Corporation will not distribute any dividends for the financial period ended on 31 December 2023. The year 2024 dividend will be decided in 2025 AGM.