Nokia Corporation held its Annual General Meeting (AGM) on April 3, 2024, in Helsinki, Finland, with approximately 78,000 shareholders representing around 3.305 million shares and votes. The AGM approved all proposals from the Board of Directors, including the adoption of the financial statements and the discharge of the Board and CEO from liability for the financial year 2023. The AGM also approved the Remuneration Report and supported the Remuneration Policy through advisory votes. Notably, the AGM authorized the Board to distribute a maximum of EUR 0.13 per share from retained earnings or the reserve for invested unrestricted equity, with specific preliminary record and payment dates announced for distributions. The Board of Directors was elected, with nine members re-elected and Michael McNamara joining as a new...Show More

Nokia Corporation held its Annual General Meeting (AGM) on April 3, 2024, in Helsinki, Finland, with approximately 78,000 shareholders representing around 3.305 million shares and votes. The AGM approved all proposals from the Board of Directors, including the adoption of the financial statements and the discharge of the Board and CEO from liability for the financial year 2023. The AGM also approved the Remuneration Report and supported the Remuneration Policy through advisory votes. Notably, the AGM authorized the Board to distribute a maximum of EUR 0.13 per share from retained earnings or the reserve for invested unrestricted equity, with specific preliminary record and payment dates announced for distributions. The Board of Directors was elected, with nine members re-elected and Michael McNamara joining as a new member. Post-AGM, Sari Baldauf was elected as Chair and Søren Skou as Vice Chair, with members also appointed to various Board committees. The AGM set the annual fees for Board members and approved payment in Nokia shares for approximately 40% of the fee. Deloitte Oy was re-elected as the auditor for the financial year 2025, and as the sustainability reporting assurer for the financial years 2024 and 2025. Additionally, the AGM authorized the Board to repurchase up to 530 million Nokia shares and to issue a maximum of 530 million shares or special rights entitling to shares. Amendments to the Company's Articles of Association were also approved, including updates to the object of the Company, auditor approval, general meeting formats, and AGM decision matters. The minutes of the AGM will be available on Nokia's website by April 17, 2024.