Monday, March 4, 2024
No menu items!

Nokia shareholders authorize repurchase of shares

Must Read

nokia_ceo.jpgShareholders have authorized Nokia’s Board of Directors to repurchase a maximum of 360 million Nokia shares and distribute a dividend of EUR 0.40 per share for 2008 at the company’s Annual General Meeting (AGM), held in Finland.

“The AGM authorized the Board of Directors to resolve to repurchase a maximum of 360 million Nokia shares. The authorization is effective until June 30, 2010. The shares will be repurchased in public trading for purposes identified in the authorization by the AGM at a price based on the market price of the Nokia share. Repurchases may also be carried out by entering into derivative, share lending or other arrangements, in which case the repurchase price paid by the Company may differ from the market price of the execution date of the arrangement. The object of the repurchase authorization is to maintain flexibility, but the Board has no current plans for repurchases during 2009,” the company said.

It added, “The AGM resolved to distribute a dividend of EUR 0.40 per share for 2008. The dividend ex-date is April 24, 2009 and the record date April 28, 2009. The dividend will be paid on or around May 13, 2009.”

Members of the Nokia Board were also re-elected for a term until the close of the Annual General Meeting in 2010.

In its assembly meeting, the Board of Directors elected Jorma Ollila as Chairman of the Board, and Dame Marjorie Scardino as Vice Chairman of the Board.

- Advertisement -

Ericsson & MTN Collaborate for Digital Skills & Sustainability

Ericsson and MTN Group have unveiled a Memorandum of Understanding (MoU) at the Mobile World Congress Barcelona 2024 in...
Latest News
- Advertisement -

More Articles Like This

- Advertisement -