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Annual General Meetings

2021

30.03.2021

The Annual General Meeting 2021

The Annual General Meeting was held through exceptional procedures on March 30, 2021 in Helsinki, Finland in accordance with the temporary legislative act to limit the spread of the Covid-19 pandemic (677/2020), which entered into force on October 3, 2020.

The General Meeting adopted the financial statements for 2020, discharged the members of the Board of Directors and the President and CEO from liability for the financial year 2020 and adopted the Company’s Renumeration Report for governing bodies.

The General Meeting also decided on the payment of dividend, the composition of the Board of Directors and their remuneration, the election of the auditor and its remuneration, authorized the Board of Directors to decide on the repurchase of the Company’s own shares as well as authorized the Board of Directors to decide on the issuance of shares and special rights entitling to shares.

Dividend:

The General Meeting decided that a dividend of EUR 1.20 per share shall be paid from the financial year January 1–December 31, 2020. The dividend will be paid in two instalments:

  • The first instalment of EUR 0.60 per share shall be paid on April 15, 2021 to shareholders who are registered in the Company’s shareholders’ register maintained by Euroclear Finland Oy on the dividend record date on April 1, 2021
  • The second instalment of EUR 0.60 per share shall be paid in December 2021 to shareholders who are registered in the Company’s shareholders’ register maintained by Euroclear Finland Oy on the dividend record date. The dividend record date for the second instalment would be November 4, 2021 and the dividend payment date December 9, 2021 at the latest. The Company will announce the decision by the Board of Directors on the record date and payment date of the second instalment separately.

The Chairman of the Board, the President and CEO and other management of the Company and the Auditor did not attend the General Meeting and no webcast was provided. Pre-recorded speeches by the Chairman of the Board of Directors and the Company’s President and CEO are available below. The speeches were not a part of the General Meeting. 

Recording of the speech by Chairman of the Board

Recording of the CEO’s presentation
CEO’s presentation (pdf)

Counterproposals and right to ask questions 

Shareholders representing at least one hundredth (1/100) of all the shares in the Company had the right to pose counterproposals concerning the matters on the agenda of the General Meeting to be placed for a vote. Such counterproposals were not received by the due date, March 11, 2021 at 4:00 p.m. EET.

Shareholders had the right to ask questions with respect to the matters to be considered at the General Meeting pursuant to Chapter 5, Section 25 of the Finnish Limited Liability Companies Act by delivering such questions to the Company at the latest by March 18, 2021 at 4:00 p.m. (EET). The questions (partially abbreviated) set forth to the Company by the deadline and their replies are presented below. Due to the exceptional conditions, the responses are, in part, more extensive than usual and, in part, discussed matters outside of the General Meeting’s agenda.

Responses to the questions from shareholders

Registration and voting in advance

Registration and advance voting for the Annual General Meeting 2021 has ended. 
Registration and advance voting 12.3.-23.3.2021
Registration instructions and deadlines of the nominee-registered shareholders can be found from the Notice to the Annual General Meeting.

 AGM materials can be loaded from the links below:

2020

02.04.2020

Annual General Meeting 2020

The Annual General Meeting (AGM) 2020 was held on April 2, 2020 in Nokia, Finland under special arrangements. The AGM approved the Financial Statements for 2019, discharged the members of the Board of Directors and the President and CEO from liability for the 2019 financial year and adopted the Remuneration Policy.

The AGM decided on the payment of dividend, the composition of the Board of Directors and their remuneration, the election of the auditor and its remuneration, authorized the Board of Directors to decide on the repurchase of the Company’s own shares as well as authorized the Board of Directors to decide on the issuance of shares and special rights entitling to shares, decided on the establishment of a Shareholders’ Nomination Board and amendments of the Articles of Association.

Important dates:

  • Dividend was paid April 17, 2020
  • Second dividend be paid December 9, 2020
    (The second instalment of EUR 0.35 per share will be paid to shareholders included in the shareholder list maintained by Euroclear Finland Ltd on the record date of October 29, 2020)

AGM documents

AGM documents can be loaded from the links below. More information on the members of the Board can be found here.

2019

2018

10.04.2018

2017

2016

2015

2014

2013

2012

2011

2010

2009