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HELSINKI - Nokia (HE:NOKIA) Corporation announced its proposals for the Annual General Meeting scheduled on April 29, 2025, including dividend distributions, board member elections, and corporate governance updates. The proposals are now accessible on Nokia’s website following the company’s stock exchange release on January 30.
The Board of Directors proposes authorizing a maximum distribution of €0.14 per share from retained earnings or the reserve for invested unrestricted equity, aligning with Nokia’s dividend policy. If approved, distributions would occur in four installments with preliminary record dates on May 5, July 29, October 28, 2025, and February 3, 2026, followed by corresponding payment dates.
Board composition is set for changes as Søren Skou and Carla Smits-Nusteling will step down post-AGM. The Board recommends electing Pernille Erenbjerg and Timo Ihamuotila as new directors, with a total board size of ten members. Current Chair Sari Baldauf and proposed Vice Chair Timo Ihamuotila are slated for re-election, contingent on their election to the Board.
Board remuneration remains unchanged, with approximately 40% of annual fees to be paid in Nokia shares. Travel and accommodation expenses for Board members will be covered, and meeting fees are maintained at current rates.
Deloitte Oy is proposed to be re-elected as Nokia’s auditor for the financial year 2026, with remuneration based on the Audit Committee’s approved purchase policy.
The Board also seeks authorization to issue or repurchase up to 530 million shares until October 28, 2026, which would replace the previous authorization from April 3, 2024. This move aims to facilitate capital structure adjustments, acquisitions, and equity-based incentive plans, among other purposes.
Additional items on the AGM agenda include the adoption of financial statements for 2024, updated Remuneration Policy, and the Remuneration Report for 2024, with related documents to be published on Nokia’s website in the coming weeks.
This news is based on a press release statement from Nokia Corporation.
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