Nokian Renkaat - Decisions of general meeting

Nokian Tyres plc Annual General Meeting, decisions

Nokia, Finland, 2014-04-08 17:20 CEST (GLOBE NEWSWIRE) -- Nokian Tyres plc
Stock Exchange Release 8 April 2014, 6.20 p.m. 

Nokian Tyres plc Annual General Meeting, decisions

On 8 April 2014, Nokian Tyres Annual General Meeting accepted the financial
statements for 2013 and discharged the Board of Directors and the President and
CEO from liability. 

Dividend

The meeting decided that a dividend of EUR 1.45 per share shall be paid for the
period ending on 31 December, 2013. The dividend shall be paid to shareholders
included in the shareholder list maintained by Euroclear Finland Ltd on the
record date of 11 April 2014. The dividend payment date is 25 April 2014. 

Members of the Board of Directors and Auditor

The meeting decided that the Board of Directors has seven members. Current
members Kim Gran, Hille Korhonen, Risto Murto, Hannu Penttilä and Petteri
Walldén will continue in the Board of Directors. Two new members were chosen to
the Board: Mr Raimo Lind and Ms Inka Mero. 

Authorised public accountants KPMG Oy Ab continue as auditors.

Remuneration of the Members of the Board of Directors unchanged

The meeting decided that the fee paid to the Chairman of the Board is EUR
80,000 per year, while that paid to Board members is set at EUR 40,000 per
year. With the exception of the President and CEO, members of the Board and the
Nomination and Remuneration Committee are also granted an attendance fee of EUR
600 per meeting. 

In addition, 50% of the annual fee be paid in cash and 50% in company shares,
such that in the period from 9 April to 30 April 2014, EUR 40,000 worth of
Nokian Tyres plc shares will be purchased at the stock exchange on behalf of
the Chairman of the Board and EUR 20,000 worth of shares on behalf of each
Board member. This means that the final remuneration paid to Board members is
tied to the company's share performance. No separate compensation will be paid
to the President and CEO for Board work. 



Nokian Tyres plc

Antti-Jussi Tähtinen
Vice President, Marketing and Communications

Further information: Anne Leskelä, Vice President, CFO, tel. +358 10 401 7481

Distribution: NASDAQ OMX Helsinki, media and www.nokiantyres.com