Sony Digital Rapids Pixel Power calrec Sony

Resolutions of the Nokia Annual General Meeting 2019; the Board of Directors resolved to distribute EUR 0.05 per share as the first instalment of dividend

21/05/2019

Nokia Corporation

Stock Exchange Release

May 21, 2019 at 17:30 (CET +1)

Resolutions of the Nokia Annual General Meeting 2019; the Board of Directors resolved to distribute EUR 0.05 per share as the first instalment of dividend

Espoo, Finland -The Annual General Meeting (AGM) of Nokia Corporation was held on May 21, 2019. The AGM approved all the proposals of the Board of Directors (Board) to the AGM. The AGM adopted the companys financial statements and discharged the members of the Board of Directors and the President and Chief Executive Officer from liability for the financial year 2018. In addition, the AGM adopted the following resolutions:

Distribution of funds

The AGM decided that no dividend is distributed by a resolution of the AGM and authorized the Board of Directors to resolve on the distribution of an aggregate maximum of EUR 0.20 per share as dividend from the retained earnings and/or as repayment of capital from the fund for invested unrestricted equity.

The authorization is valid until the opening of the next Annual General Meeting and it can be used to distribute funds in four instalments during the validity of the authorization, unless the Board decides otherwise for a justified reason. The Board makes separate resolutions on the amount and timing of each distribution with preliminary record and payment dates stated below. The Company announces each Board resolution separately and confirms the relevant record and payment dates in such announcements.

Preliminary record date Preliminary payment date

May 23, 2019 June 6, 2019

July 30, 2019 August 8, 2019

October 29, 2019 November 7, 2019

February 4, 2020 February 13, 2020

Each instalment will be paid to the shareholders that are registered in the Companys Register of Shareholders maintained by Euroclear Finland Oy on the record date of the relevant instalment.

In an assembly meeting that took place after the AGM the Board resolved under the authorization by the Annual General Meeting to distribute a dividend of EUR 0.05 per share from the retained earnings. The dividend record date is on May 23, 2019 and the dividend is expected to be paid on or about June 6, 2019. The actual dividend pay date outside Finland will be determined by the practices of the intermediary banks transferring the dividend payments. Following this announced distribution, the remaining distribution authorization of the Board is EUR 0.15 per share.

Members of the Board of Directors and Board Committees elected

The AGM resolved to elect ten members to the Board. The following members of the Board were re-elected for a term ending at the close of the next Annual General Meeting: Sari Baldauf, Bruce Brown, Jeanette Horan, Edward Kozel, Elizabeth Nelson, Olivier Piou, Risto Siilasmaa, Carla Smits-Nusteling and Kari Stadigh. In addition, S ren Skou was elected as a new member of the Board for the same term. The qualifications and career experience of the elected Board members are available at http://www.nokia.com/en_int/investors/corporate-governance/board-of-directors/meet-the-board.

In an assembly meeting that took place after the AGM, the Board elected Risto Siilasmaa as Chair of the Board, and Sari Baldauf as Vice Chair of the Board. The Board also elected the members of the four Board committees. Carla Smits-Nusteling was elected as Chair and Jeanette Horan, Edward Kozel, Elizabeth Nelson and Olivier Piou as members of the Audit Committee. Bruce Brown was elected as Chair and Sari Baldauf, Elizabeth Nelson, S ren Skou and Kari Stadigh as members of the Personnel Committee. Risto Siilasmaa was elected as Chair and Sari Baldauf, Bruce Brown, Carla Smits-Nusteling and Kari Stadigh as members of the Corporate Governance and Nomination Committee. Edward Kozel was elected as Chair and Bruce Brown, Jeanette Horan, Olivier Piou and Risto Siilasmaa as members of the Technology Committee.

The AGM resolved the following annual fees to be paid to the members of the Board for the term ending at the Annual General Meeting in 2020: EUR 440 000 for the Chair of the Board, EUR 185 000 for the Vice Chair of the Board and EUR 160 000 for each Board member. In addition, the AGM resolved that the Chairs of the Audit Committee and the Personnel Committee will each be paid an additional annual fee of EUR 30 000, Chair of the Technology Committee an additional annual fee of EUR 20 000 and other members of the Audit Committee an additional annual fee of EUR 15 000 each. The AGM also resolved to pay a meeting fee of EUR 5 000 per meeting requiring intercontinental travel and EUR 2 000 per meeting requiring continental travel for Board and Committee meetings to all the other Board members except the Chair of the Board. The meeting fee would be paid for a maximum of seven meetings per term. The AGM resolved that the members of the Board of Directors shall be compensated for travel and accommodation expenses as well as other costs directly related to Board and Committee work.

In addition, the AGM resolved, in line with Companys Corporate Governance Guidelines, that approximately 40% of the annual remuneration will be paid in Nokia shares purchased from the market, or alternatively by using treasury shares held by the Company. The members of the Board shall retain until the end of their directorship such number of shares that corresponds to the number of shares they have received as Board remuneration during their first three years of service in the Board. The meeting fee and costs directly related to Board and Committee work will be paid in cash.

Auditor

The AGM elected PricewaterhouseCoopers Oy as the auditor for Nokia for the fiscal year 2019 and Deloitte Oy as the auditor for Nokia for the fiscal year 2020. In addition, the AGM resolved that the auditor elected for 2019 and for 2020 be reimbursed based on the invoice of the auditor and in c
LINK: https://www.nokia.com/about-us/news/releases/2019/05/21/resolutions-of...
See more stories from nokia

Most recent headlines

21/09/2019

Spotify Cultivates Female Podcasters of Color with Sound Up's Return

Podcasting continues to grow as one of the most influential ways for people to share their voice with the world. And while female podcasters of color are making...

21/09/2019

INTER to open Netherlands experience centre

INTER will open a new experience centre in Duiven, the Netherlands on 26th September 2019 during a celebratory event together with invited partners and supplier...

21/09/2019

Tripleplay appoints Thomas Eisentraut as technical...

Tripleplay has appointed Thomas Eisentraut as its technical account manager for the DACH region, focusing on German speaking territories. The announcement of ...

21/09/2019

Litepanels Announces Extended Repair Program on ASTRA Power Boards

-- Litepanels, a premier provider of LED lighting for the broadcast, film, and production industries and a Vitec Group brand, today announced an extended warr...

21/09/2019

GoPro Employees Swim To Keep Lake Tahoe Blue

Community Sep 20, 2019 The following words are by Kianna Miller, Space Planning Specialist, and Kielan Crow, Senior Mechanical Engineer, two of the GoPro t...

21/09/2019

Teaming Up with Kathmandu to Track, Trek + Share New Trails

In The Wild Sep 20, 2019 GoPro frees people to celebrate the moment, inspiring others to do the same. From cameras, apps and accessories, everything we do ...

21/09/2019

10 Mai Tai Percussion Presets

We're still in September, it's still Studio One's 10th anniversary, and so once again the Friday Tip is 10 Tips! This week, the accent is on percuss...

21/09/2019

Ftrack Adds Illustrator Integration to Tracking & Review Platform

STOCKHOLM, SWEDEN - Ftrack (www.ftrack.com), the creator of the production tracking and media review platform, has launched Adobe Illustrator integration with F...

21/09/2019

Breaking Barriers with Motion Design

Motion graphics can be an invisible art. The animated graphic elements that are used to tell a story can do such a good job that the audience accepts them, and...

21/09/2019

Framestore Bears the Weight for a new MoneySuperMarket Spot

For the third film in the brand's latest campaign, MoneySuperMarket again enlisted the help of Framestore, this time to deliver a sleuth of photoreal CG bea...

21/09/2019

Keeping John Wick on His Toes

The third installment of Liongate's high adrenaline franchise John Wick: Chapter 3 - Parabellum finds super assassin John Wick (Keanu Reeves) on the run wit...

21/09/2019

Academys Science & Technology Council Adds 7 Members

LOS ANGELES - Bill Baggelaar, Brooke Breton, Buzz Hays, Arjun Ramamurthy, Rachel Rose, Dave Schnuelle and Mandy Walker have all accepted invitations to join the...

21/09/2019

Primetime Ratings: ABC, CBS On Top

ABC and CBS tied for the top spot in Thursday ratings. A Phil Hartman special paced ABC and Big Brother did so for CBS. Both networks scored a 0.7 in viewers 18...

21/09/2019

Disney and AT&T Reach Carriage Agreement in Principle

The Walt Disney Co. reached an agreement in principle on a new retransmission consent and carriage deal with AT&T that would keep networks including ABC, ESPN ...

21/09/2019

Putting all people first: Meet the 2019 shortlisted Young Journalists

From sword-wielding gangs in Sri Lanka inspired by the movies and the residents of Assam declared stateless in India, to the mysterious death of a Kashmiri in c...

21/09/2019

Thank you for visiting SGO at IBC 2019!

Thank you to everybody who visited SGO at IBC 2019 in Amsterdam. It was great catching up with old friends and meeting many new ones! We truly appreciate the ti...

21/09/2019

Akamai Recognized As A Leader In 2019 Gartner Magic Quadrant For Web Application Firewalls For Third Consecutive Year

Akamai Recognized As A Leader In 2019 Gartner Magic Quadrant For Web Application...

21/09/2019

IBC 2019 Reflections: EcoDigital's David Gonce and Geoff Tognetti on How They're Reenergizing the DIVA Product Suite

IBC 2019 Reflections: EcoDigital's David Gonce and Geoff Tognetti on how the...

21/09/2019

IO Industries Specializes in Mini-Cameras, Resolute Software Applications for Both Digital and Linear Productions

IO Industries Specializes in Mini-Cameras, Resolute Software Applications for Bo...

21/09/2019

IP Production Forum: An Inside Look of Telemundo Deportes' IP-Based Facility

IP Production Forum: An Inside Look of Telemundo Deportes' IP-Based Facility By SVG Staff Friday, September 20, 2019 - 9:00 am Print This Story Story ...

21/09/2019

Behind the Mic: Fox Sports' Big Noon Kickoff Heads Out to the LA Coliseum for No. 10 Utah-USC

Behind the Mic: Fox Sports' Big Noon Kickoff Heads Out to the LA Coliseum ...

21/09/2019

Ratings Roundup: Sunday Night Football Hits Lowest Ratings Valley in Week 2 Since 2007

Ratings Roundup: Sunday Night Football Hits Lowest Ratings Valley in Week 2 Si...

21/09/2019

NEP's Intelligent OB Unit Makes Debut at IBC

NEP's intelligent OB unit makes its debut at IBC By David Fox Tuesday, September 17, 2019 - 14:28 Print This Story At IBC NEP Group showed a new inte...

21/09/2019

BT Sport Shows Live 8K Rugby Demo at IBC

BT Sport shows live 8K rugby demo at IBC By David Fox Tuesday, September 17, 2019 - 14:11 Print This Story BT Sport staged a demonstration at IBC of a liv...

21/09/2019

Fox Sports Tech Q&A: Production Execs Talk 4K, 5G, VR, AR, Virtual Sets and Drones

Fox Sports Tech Q&A: Production Execs Talk 4K, 5G, VR, AR, Virtual Sets and Dron...

21/09/2019

Inside Fox Sports' Upcoming Season of 4K HDR Distribution of Thursday Night Football

Inside Fox Sports' Upcoming Season of 4K HDR Distribution of Thursday Night ...

21/09/2019

More Slow-Mos Than Ever, Two New IP-based Trucks, and a 5.1 Audio Workflow Highlight New Season of NFL on Fox

More Slow-Mos Than Ever, Two New IP-based Trucks, and a 5.1 Audio Workflow Highl...

21/09/2019

BerkleeNYC Announces Fall Educational Programming

BerkleeNYC, Berklee's new center in New York City, will offer a variety of educational programs this fall at the Safehouse while major renovations take plac...

21/09/2019

What's Ahead for ProTrack in 2019

What's Ahead for ProTrack in 2019 May 3, 2019 By Deanna Kennedy At this year's PBS TechCon, Myers hosted a ProTrack User Workshop that focused on pr...

21/09/2019

NETFLIX ADAPTS TONY AWARD-WINNER JASON ROBERT BROWN'S BROADWAY MUSICAL 13 INTO A FAMILY FILM

13: The Musical is being adapted into a family film for Netflix, with three-time...

20/09/2019

Data journalism - making sense of the worlds big issues

Data journalism - making sense of the worlds big issues...

20/09/2019

Turn Your Radio Programming Into Must-See TV with RadioPix

Broadcast Pix's latest visual radio system, RadioPix , offers fully automated audio-video-follow productions. It detects which microphones are active, then ...

20/09/2019

Channel 5 and Comedy Central join BritBox line-up

Published: Fri 20 Sep 2019 Channel 5 and Comedy Central join BritBox line-up ITV today confirmed that a deal has been struck between Britbox and Viacom-owned ...

20/09/2019

Marquis Forms New Partnership with Broadcast Solutions

Broadcast Solutions is appointed a Marquis Broadcast Elite reseller in the Middle East Marquis is pleased to announce the appointment of Broadcast Solutions a...

20/09/2019

IBC 2019: HBS Wrap-up

With an 11-person delegation attending the annual broadcast technology conference in Amsterdam, this year's International Broadcasting Convention (IBC) was ...

20/09/2019

Viettel and Nokia broadcast 5G in Ho Chi Minh City

Viettel and Nokia broadcast 5G in Ho Chi Minh City Press Release Viettel and Nokia broadcast 5G in Ho Chi Minh City Nokia supplies end-to-end solution in...

20/09/2019

Amplifying global youth voices on climate, tvebiomovies 2019 takes part in the UN Climate Summit

Press Release 20 September 2019: With huge youth climate protests taking place w...

20/09/2019

Big brands join tve debate to talk seriously about addressing the UN SDGs

Business and sustainability practitioners from key global companies joined a selected audience for tve's debate on 12 September, to take a good hard look at...

20/09/2019

Katie Hockmeyer Named Exec VP of Late Night at NBC

Katie Hockmeyer has been named executive VP of late night programming at NBC Entertainment. She's been with The Tonight Show Starring Jimmy Fallon since it ...

20/09/2019

Sinclair Warns of Station Blackout With AT&T Outlets

Sinclair Broadcast Group is warning that millions of subscribers to AT&T's pay-TV services could be blacked out on Sept. 27 unless a new carriage agreement ...

20/09/2019

Barco buys 5% of Unilumin...

Mingfeng Lin, CEO of Unilumin Barco splashed out approximately 54 million to buy a 5% stake in Chinese LED manufacturer Unilumin. As part of a wide-ranging ...

20/09/2019

INTER to open Netherlands...

INTER will open a new experience centre in Duiven, the Netherlands on 26th September 2019 during a celebratory event together with invited partners and supplier...

20/09/2019

RCF appoints AVenger Electronics as UAE/Oman...

RCF has appointed AVenger Electronics as its UAE/Oman distributor, offering a range of RCF products from portable PA to stadium installations. AVenger also es...

20/09/2019

Tripleplay appoints Thomas Eisentraut as technical account...

Tripleplay has appointed Thomas Eisentraut as its technical account manager for the DACH region, focusing on German speaking territories. The announcement of ...

20/09/2019

Novation Launchkey Mini reaches MkIII

Third-generation controller gains new features, an improved keyboard & added touchstrips The third revision of Novations compact Launchkey Mini controller. A...

20/09/2019

Listen Technologies...

Listen Technologies has acquired multilingual/accessible tour systems provider AudioConexus, with plans for the company to transition from AudioConexus to Liste...

20/09/2019

MAJORCOM has been appointed as INTER-M's exclusive...

MAJORCOM, a French company based in Toulouse-France, experts on Sound Systems (Public Address, Voice Alarm systems, Commercial & Professional Sound) for more th...

20/09/2019

Candid photography

Dan Meier asks restoration colourist Jonathan Wood (knowingly) about his work on Monty Python's 50th anniversary releases Dan Meier 3 hours ago Dan M...

20/09/2019

Intel Sports True View adds immersive highlights

Fans can take control of 360-degree cameras Dan Meier 4 hours ago Fans can take control of 360-degree cameras target=_blank title=Share on LinkedIn cla...

20/09/2019

BritBox adds Channel 5, Comedy Central

Content from Channel 5 can appear on BritBox following a 30-day catchup window on My5 Jenny Priestley 4 hours ago Content from Channel 5 can appear on Br...