HELSINKI - Nokia Oyj (HE:NOKIA) held its Annual General Meeting (AGM) today, where shareholders supported all proposals put forth by the board. The AGM ratified the company’s financial statements and discharged its board members and CEO from liability for the fiscal year 2024. Additionally, it affirmed the company’s remuneration report and policy.
The meeting resolved not to distribute a dividend based on the AGM’s decision but authorized the board to decide on the distribution of a maximum of €0.14 per share from accumulated profits or the invested unrestricted equity fund. This authorization is valid until the next AGM, with the board to determine the amount and timing of any distribution, which will be announced separately along with confirmation of record and payment dates.
Preliminary record dates for potential distributions have been set for May 5, July 29, October 28, 2025, and February 3, 2026, with corresponding payment dates one week later.
The AGM re-elected eight board members and appointed two new members, Pernille Erenbjerg and Timo Ihamuotila, for a term ending at the next AGM. The board’s remuneration was also decided, with the chairperson receiving €440,000, the vice-chairperson €210,000, and other members €185,000 each. Additional compensation is provided for chairpersons and members of various committees, with approximately 40% of the annual fees to be paid in Nokia shares.
Deloitte Oy was reappointed as Nokia’s auditor for the fiscal year 2026, with Jukka Vattulainen serving as the principal auditor. The AGM also approved Deloitte Oy as the verifier of the company’s sustainability reporting for 2026.
Furthermore, the AGM granted the board authority to decide on the repurchase of up to 530 million Nokia shares and on share issuance or special rights entitling to shares, valid until October 28, 2026. These authorizations aim to support capital structure optimization, finance acquisitions, and implement incentive programs, among other purposes.
The minutes of the AGM will be available on Nokia’s website by May 13, 2025.
This article is based on a press release statement.
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