Nokian Tyres plc Stock Exchange Release Feb 5, 2015 at 8:00 a.m.
The Board’s proposals to the Annual General Meeting of 8 April 2015 concern the payment of dividends, as well as the election of the members of Nokian Tyres’ Board of Directors and the auditor.
1. Dividend payment
The Board proposes to the Annual General Meeting that a dividend of EUR 1.45 per share be paid for the period ending on 31 December, 2014.
The dividend shall be paid to shareholders included in the shareholder list maintained by Euroclear Finland on the record date of 10 April, 2015. The proposed dividend payment date is 23 April, 2015.
2. Members of the Board and the auditor
The Nomination and Remuneration Committee of Nokian Tyres’ Board of Directors proposes to the Annual General Meeting that the Board comprise of six members and current five members out of seven (Hille Korhonen, Raimo Lind, Inka Mero, Hannu Penttilä and Petteri Walldén) be re-elected for the one-year term.
New member proposed: Tapio Kuula.
The Board members are independent of the company and of any major shareholders of the company.
Additional information on the proposed Board members is available in the Investor information section of Nokian Tyres’ website at www.nokiantyres.com/investors.
The Nomination and Remuneration Committee of Nokian Tyres’ Board of Directors proposes that the fees remain the same: the fee paid to the Chairman of the Board is EUR 80,000 per year, while that paid to Board members is set at EUR 40,000 per year. In addition, according to the existing practices, 50% of the annual fee be paid in cash and 50% in company shares, such that in the period from April 9 to April 30, 2015, EUR 40,000 worth of Nokian Tyres plc shares will be purchased at the stock exchange on behalf of the Chairman of the Board and EUR 20,000 worth of shares on behalf of each Board member. It is also proposed that members of the Board are also granted an attendance fee of EUR 600 per meeting.
The Board of Directors of Nokian Tyres proposes to the Annual General Meeting that KPMG Oy Ab, authorised public accountants, be elected as auditors.
5 February, 2015
Nokian Tyres plc Board of Directors
For further information: Anne Leskelä, Vice President, Finance and Control, tel. +358 10 401 7481
Distribution: NASDAQ Helsinki, media and www.nokiantyres.com
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