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Nokia To Convene 2019 AGM On May 21 - Quick Facts

Nokia (NOK) announced Tuesday that its Board of Directors has resolved to convene the Annual General Meeting on May 21, 2019.

The Board proposes that it be authorized to distribute an aggregate maximum of 0.20 euros per share as dividend, in four installments, from the retained earnings and/or as repayment of capital from the fund for invested unrestricted equity. The Board would make separate resolutions on the amount and timing of each distribution

Furthermore, the Board proposes that Soren Skou, CEO of A.P. Møller Mærsk A/S, be elected as a member of the Board.

In line with previous years, the Board proposes that the Annual General Meeting authorize the Board to resolve to issue an aggregate maximum of 550 million in new shares or treasury shares held by the Company or special rights entitling to shares

The Board also proposes that the Board be authorized to resolve to repurchase a maximum of 550 million shares to reduce distributable funds of the Company.

The Board proposes, on the recommendation of the Audit Committee, that PricewaterhouseCoopers Oy be re-elected as the auditor of the Company for the financial year 2019 and Deloitte Oy be elected as the Company's auditor for the financial year 2020.

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