Friday, January 28, 2011

Nokia Board of Directors convenes Annual General Meeting 2011

Nokia announced yesterday that its Board of Directors has resolved to convene the Annual General Meeting on May 3, 2011 and that the Board and its Committees will submit the below proposals to the Annual General Meeting.
-Proposal to pay a dividend of EUR 0.40 per share
-Proposals on the Board composition and remuneration
-Proposal for a new stock option plan as part of Nokia Equity Program 2011
-Proposal to authorize the Board to repurchase shares to maintain flexibility but with no current plans   to repurchase shares in 2011
-Proposal to re-elect the external auditor
Proposal to pay a dividend
The Board will propose to the Annual General Meeting that a dividend of EUR 0.40 per share be paid for the fiscal year 2010. The dividend ex-date would be May 4, 2011, the record date May 6, 2011 and the payment date on or about May 20, 2011.

Proposals on Board composition and remuneration
Nokia Board members, Lalita Gupte and Keijo Suila, have informed that they will no longer be available for the Nokia Board of Directors. Ms Gupte was first appointed to Nokia Board in 2007 and she has been a member of the Audit Committee during her entire directorship. Mr Suila has been Nokia Board member since 2006 and he is currently also a member of the Personnel Committee.
The Board's Corporate Governance and Nomination Committee will propose to the Annual General Meeting that the number of Board members be eleven (11) and that the following current Nokia Board members be re-elected as members of the Nokia Board of Directors for a term ending at the Annual General Meeting in 2012: Bengt Holmström, Henning Kagermann, Per Karlsson, Isabel Marey-Semper, Jorma Ollila, Marjorie Scardino and Risto Siilasmaa. More information..

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