Stock Exchange Release
Resolutions of Nokia Corporation’s Annual General Meeting and Board of Directors
Espoo,
The AGM adopted the Company’s financial statements, discharged the members of the Board and the President and Chief Executive Officer from liability for the financial year 2022 and supported the Company’s Remuneration Report in an advisory vote. In addition, the AGM adopted the following resolutions.
Authorization to the Board to decide on the asset distribution
The AGM decided that no dividend is distributed by a resolution of the Annual General Meeting and authorized the Board to resolve on the distribution of an aggregate maximum of
The authorization is valid until the opening of the next Annual General Meeting. The Board will resolve separately on the amount and timing of each distribution of the dividend and/or assets from the reserve for invested unrestricted equity so that the preliminary record and payment dates will be as set out below. The Company shall make a separate announcement of each such Board resolution confirming the relevant record and payment dates.
Preliminary record date Preliminary payment date
25 April 2023 | 4 May 2023 |
25 July 2023 | 3 August 2023 |
24 October 2023 | 2 November 2023 |
30 January 2024 | 8 February 2024 |
Each installment based on the resolution of the Board of Directors will be paid to a shareholder registered in the Company’s shareholders’ register maintained by
Composition of the Board of Directors, Board committees and Board remuneration
The AGM resolved to elect ten members to the Board. The following eight members of the Board were re-elected for the term ending at the close of the next Annual General Meeting:
In an assembly meeting that took place after the AGM, the Board elected
The AGM resolved that the annual fees to be paid to the members of the
EUR 440 000 for the Chair of the Board;EUR 210 000 for the Vice Chair of the Board;EUR 185 000 for each member of the Board;EUR 30 000 each for the Chairs of the Audit Committee and the Personnel Committee andEUR 20 000 for the Chair of the Technology Committee as an additional annual fee; andEUR 15 000 for each member of theAudit Committee andPersonnel Committee andEUR 10 000 for each member of the Technology Committee as an additional annual fee.
The additional annual fees are paid to all members of the above-mentioned Committees, including the Board Chair for service on any of the Board Committees.
The AGM resolved that approximately 40% of the annual fee will be paid in
The AGM also resolved to pay a meeting fee of
Auditor
The AGM re-elected
Authorizations to resolve on the repurchase of the Company's own shares and on the issuance of shares and special rights entitling to shares
The AGM authorized the Board to resolve to repurchase a maximum of 550 million
The AGM resolved to authorize the Board to issue a maximum of 550 million shares through issuance of shares or special rights entitling to shares in one or more issues. The authorization may be used to develop the Company's capital structure, diversify the shareholder base, finance or carry out acquisitions or other arrangements, settle the Company's equity-based incentive plans, or for other purposes resolved by the Board. Under the authorization, the Board may issue new shares or shares held by the Company. The authorization includes the right for the Board to resolve on all the terms and conditions of the issuance of shares and special rights entitling to shares, including issuance of shares or special rights in deviation from the shareholders' pre-emptive rights within the limits set by law. The authorization is effective until
Speeches and minutes of the Annual General Meeting
The speeches by the Chair of the Board,
About
At
As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning
Service providers, enterprises and partners worldwide trust
Inquiries:
Phone: +358 10 448 4900
Email: press.services@nokia.com
Investor Relations
Phone: +358 40 803 4080
Email: investor.relations@nokia.com
![](https://ml-eu.globenewswire.com/media/MjVkOTY1N2QtMGZlMi00M2RjLTk0OTYtNGIzZjhlNmU2NDFjLTEwMTE2MTU=/tiny/Nokia-Oyj.png)
2023 GlobeNewswire, Inc., source