Nokian Renkaat - Company Announcement

Proposals by the Board of Directors of Nokian Tyres plc to the Annual General Meeting

Nokia, Finland, 2014-02-07 07:00 CET (GLOBE NEWSWIRE) -- Nokian Tyres plc Stock
Exchange Release Feb 7, 2014 at 8:00 a.m. 

Proposals by the Board of Directors of Nokian Tyres plc to the Annual General
Meeting 

The Board's proposals to the Annual General Meeting of 8 April 2014 concern the
payment of dividends, the election the members of Nokian Tyres' Board of
Directors and the auditor. 


1. Dividend payment

The Board proposes to the Annual General Meeting that a dividend of EUR 1.45
per share 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 on the record date of 11 April, 2014. The
proposed dividend payment date is 25 April, 2014. 

2. Members of the Board and the auditor

The Nomination and Remuneration Committee of Nokian Tyres' Board of Directors
proposes to the Annual General Meeting that the Board comprise of seven members
and current members (Kim Gran, Hille Korhonen, Risto Murto, Hannu Penttilä and
Petteri Walldén) be re-elected for the one-year term. 

New members proposed: Raimo Lind and Inka Mero.

Kim Gran is the President and CEO of the company. The other Board members are
independent of the company. All Board members are independent of any major
shareholders of the company. 

Additional information on the proposed current Board members is available in
the Investor information section of Nokian Tyres' website at
www.nokiantyres.com/investors. 

The Nomination and Remuneration Committee of Nokian Tyres' Board of Directors
proposes that the fees remain the same: 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. In addition, according to the existing practices, 50% of the
annual fee be paid in cash and 50% in company shares, such that in the period
from April 9 to April 30, 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. 

It is also proposed that, members of the Board are also granted an attendance
fee of EUR 600 per meeting. It is proposed not to pay a separate compensation
to the President and CEO for Board work. 

The Board of Directors of Nokian Tyres proposes to the Annual General Meeting
that KPMG Oy Ab, authorised public accountants, be elected as auditors. 

7 February, 2014


Nokian Tyres plc
Board of Directors


For further information: Anne Leskelä, Vice President, Finance and Control,
tel. +358 10 401 7481 

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