Explore Nokia Corporation's Strategic Proposals for 2025
Nokia Corporation's Annual General Meeting: Key Proposals for 2025
Nokia Corporation is gearing up for its upcoming Annual General Meeting, scheduled for a future date at a prominent venue. The Board of Directors has put forward several critical proposals meant to enhance shareholder value and ensure strategic growth. Comprehensive details of these proposals can be accessed through the company's dedicated agm website.
Dividend Distribution Authorization
The Board proposes to be granted the authorization to decide on the distribution of dividends to shareholders, proposing a total of EUR 0.14 per share. This initiative is aimed at returning value to shareholders and aligns with the company’s dividend policy. It's designed to permit distributions in four installments, ensuring a steady return over the authorization period.
Proposed Payment Schedule
Each dividend installment will be determined by the Board as per its discretion, with preliminary record dates and payment dates announced to maintain transparency. The records will be upheld by the shareholders’ register maintained by Euroclear Finland, ensuring that eligible shareholders receive their dividends accordingly.
Board Composition Adjustments
Nokia is contemplating changes to its Board of Directors, ongoing discussions have revealed that two current members will step down after their terms. In response, the Board has recommended an increase in the number of Board members to ten, anticipating the addition of two new candidates who bring valuable experience from their respective fields.
Re-election of Existing Board Members
Continuity is essential, and therefore, several existing Board members are proposed to be re-elected to maintain experienced leadership. These individuals have demonstrated commitment and effectiveness in their roles, and their re-elections are seen as vital for Nokia’s sustained growth.
Auditor and Sustainability Reporting Assurer
In line with maintaining high standards of governance, the Board proposes the re-election of Deloitte Oy as the Company’s auditor for another financial year. This decision underscores Nokia's commitment to transparent financial reporting and adherence to industry regulations.
Sustainability Reporting Assurance
Additionally, the Board seeks to re-appoint Deloitte Oy as the assurance provider for its sustainability reporting. This step highlights Nokia's dedication to sustainable business practices, ensuring accountability and fostering trust with stakeholders.
Share Issuance and Repurchase Authorization
To strengthen its capital structure, the Board proposes authorization for issuing up to 530 million shares. By introducing new or treasury shares, the company aims to enhance its financial flexibility and provide options for strategic acquisitions and investments.
Strategic Repurchase Plan
Furthermore, the Board seeks the authority to repurchase up to 530 million shares, a move intended to optimize the company’s equity capital. This initiative demonstrates Nokia's proactive approach in managing its resources to benefit all shareholders effectively.
Additional Matters for Consideration
The Annual General Meeting will also deliberate on adopting financial statements, discharging Board members’ liabilities for prior financial periods, and approving a revised Remuneration Policy. These decisions will reinforce Nokia's governance framework and fiscal responsibility.
About Nokia Corporation
Nokia stands at the forefront of B2B technology innovation, crafting strategic solutions that reshape the global technology landscape. Renowned for its cutting-edge work in mobile, fixed, and cloud networks, Nokia drives advancements that create substantial value while staying committed to sustainable practices.
With a focus on open architectures, the company collaborates closely with service providers, enterprises, and partners, ensuring the delivery of high-performance networks that bolster security and reliability. Nokia's forward-thinking approach aims to architect the future of digital services and applications.
Frequently Asked Questions
What is the purpose of Nokia's Annual General Meeting?
The Annual General Meeting is designed to discuss and approve significant company proposals, including dividend distributions, board composition, and strategic directions for future growth.
How much is the proposed dividend per share?
Nokia's Board has proposed a dividend distribution of EUR 0.14 per share, with plans for multiple installments throughout the year.
Who will be re-elected to the Board of Directors?
Several current members are proposed for re-election, maintaining continuity in governance, alongside the election of new members with relevant expertise.
Why is Deloitte Oy being re-elected as auditor?
Deloitte Oy is being considered for re-election due to its longstanding relationship with Nokia and commitment to upholding high standards of transparency in financial reporting.
What initiatives is Nokia taking for sustainability?
Nokia is committed to sustainability; thus, it plans to appoint Deloitte Oy as the sustainability reporting assurer, reinforcing its focus on responsible governance and accountability in environmental practices.
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