HELSINKI, Finland-Nokia Corp. announced several resolutions at its annual general meeting held this week.
The company resolved to distribute a dividend of 42 cents per share as recommended by its board of directors. The ex-date of the dividend payment is April 8, and the record date is April 12. The dividend will be paid April 22, said the company.
The meeting resolved to grant up to 25 million stock options to certain employees as part of its incentive program for 2005. It also resolved to cancel 230 million Nokia shares currently held by the company.
It authorized the board of directors to increase share capital by a maximum of $68.2 million, and it further authorized the board to repurchase up to 443.2 million Nokia shares using available funds for distribution of profits and to dispose of up to the same amount of shares held by the company.
Finally, all current members of the company’s board of directors were re-elected. Daniel R. Hesse and Edouard Michelin were newly elected to the board. Jorma Ollila, chief executive officer of the company, was re-elected as chairman of the board, and Paul J. Collins was re-elected vice chairman of the board.
