Nokia: shareholders approve no dividend for 2020

(CercleFinance.com) - On Thursday Nokia's shareholders approved that no dividend payment would be made for FY 2020 at a meeting held at the company's headquarters in Espoo, Finland.


The meeting - held under special arrangements due to the Covid-19 crisis - was attended by some 66,300 shareholders representing a total of 2.47 billion shares and voting rights.

During the meeting, shareholders approved the extension of the terms of office of eight directors, including Chairman Sari Baldauf and Vice Chairman Kari Stadigh.

Board members were also granted an attendance allowance of 5,000 dollars for intercontinental travel and 2,000 dollars for continental travel.

Shareholders also approved potential share buy-backs of up to 550 million shares, as well as the possibility of issuing up to 550 million shares.


Copyright (c) 2021 CercleFinance.com. All rights reserved.