Company: NOKBF
Filing Date: 2025-01-30
Form Type: 6-K
Source: 0001104659-25-007448
Chunk: 13

Company: NOKIA CORP
Filing Date: 2025-01-30
Form: 6-K
Chunk 13
---
uneration Policy of the              
 company's governing bodies was supported, both in advisory         
 resolutions.                                                       
 ▪ Deloitte Oy was re-elected as the auditor for Nokia for the      
 financial year 2025 with Authorized Public Accountant Jukka        
 Vattulainen as the auditor in charge.                              
 ▪ Deloitte Oy was elected as the sustainability reporting          
 assurer for the financial years 2024–2025.                         
 ▪ The Board was authorized to resolve to repurchase a              
 maximum of 530 million Nokia shares and to issue a                 
 maximum of 530 million shares through issuance of shares           
 or special rights entitling to shares in one or more issues. The   
 authorizations are effective until 2 October 2025 and they         
 terminated the corresponding authorizations granted by the         
 AGM on 4 April 2023.                                               
 ▪ The AGM resolved to amend the Articles of Association of the     
 Company by updating the object of the company (Article 2),         
 updating the government authority that approves auditors           
 and adding the obligation to elect a sustainability reporting      
 assurer (Article 7), updating the general meeting formats to       
 include also the virtual general meeting (Article 9) and           
 updating the matters that the Annual General Meeting               
 decides on (Article 12).                                           
 On 13 June 2024, Nokia announced the appointment of Lorna          
 Gibb as Chief People Officer and member of the Group               
 Leadership Team. Gibb joined Nokia in 2020 and has been            
 Nokia’s Interim Chief People Officer since March 2024. In          
 addition, it was announced that Ricky Corker, who served as        
 Nokia’s Chief Customer Experience Officer since 2021 would         
 leave and step down from Nokia’s Group Leadership Team.            
 On 27 June 2024, Nokia and Infinera, a global supplier of          
 innovative open optical networking solutions and advanced          
 optical semiconductors, announced a definitive agreement           
 under which Nokia will acquire Infinera, in a transaction valuing  
 the company at US$6.65 per share or an enterprise value of         
 US$ 2.3 billion. At least 70% of the consideration will be paid in 
 cash and Infinera’s shareholders can elect to receive up to 30%    
 of the aggregate consideration in the form of Nokia ADSs.          
 Nokia and Infinera see a significant opportunity in merging to     
 improve scale and profitability, enabling the combined business    
 to