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HELSINKI - Nokia Oyj (HE:NOKIA) has announced its proposals for the Annual General Meeting (AGM) to be held on April 29, 2025, including a dividend distribution and changes to its board composition. According to the press release statement, Nokia’s board suggests a dividend of up to €0.14 per share from accumulated profits or the reserve for invested unrestricted equity, aligning with its dividend policy. The board may distribute this in up to four installments within the authorization period, with preliminary ex-dividend and payment dates disclosed for May 5 and May 12, July 29 and August 7, October 28 and November 6, 2025, and February 3 and February 12, 2026, respectively.
Board members Søren Skou and Carla Smits-Nusteling will not be available for re-election post-AGM. The board, following the nomination committee’s recommendation, proposes a board size of ten members or fewer if any proposed candidates are unable to serve. The current members up for re-election are Timo Ahopelto, Sari Baldauf, Elizabeth Crain, Thomas Dannenfeldt, Lisa Hook, Mike McNamara, Thomas Saueressig, and Kai Öistämö. Additionally, Pernille Erenbjerg and Timo Ihamuotila are nominated as new members.
The nomination committee aims to recommend Sari Baldauf for re-election as board chair and Timo Ihamuotila as vice-chair, contingent on their election to the board. The board also proposes keeping the directors’ remuneration unchanged for the term ending at the next AGM: €440,000 for the chair, €210,000 for the vice-chair, and €185,000 for other members, with additional fees for committee chairs and members.
Deloitte Oy is nominated for re-election as the company’s auditor and sustainability report verifier for the fiscal year 2026, with remuneration based on approved procurement principles and invoicing.
Furthermore, the board seeks authorization to decide on issuing up to 530 million shares or special rights entitling to shares until October 28, 2026, and to repurchase up to 530 million Nokia shares for purposes including cancellation, treasury holding, or further transfer.
The AGM will also address the approval of the 2024 financial statements, discharge of board members and the CEO from liability for 2024, and the adoption of an updated remuneration policy and the 2024 remuneration report. The remuneration report for 2024 and the "Nokia in 2024" publication will be released during week 11, 2025, with the updated remuneration policy to be published in week 7, 2025.
This article is based on a press release statement from Nokia.
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