Nokia shareholders approved Thursday the absence of dividend payment for fiscal year 2020 during a general meeting held today at Espoo headquarters.

The meeting – organized under special provisions due to the Covid-19 epidemic – brought together some 66,300 shareholders representing a total of 2.47 billion shares and voting rights.

During the meeting, the shareholders notably approved the extension of the terms of office of eight directors, including those of the chairman of the board of directors Sari Baldauf and his vice-chairman, Kari Stadigh.

Board members were also granted a meeting attendance allowance of $ 5,000 for intercontinental travel and € 2,000 for continental travel.

The shareholders also validated the possibility of share buybacks of up to 550 million shares, as well as the possibility of issuing a maximum of 550 million shares.

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