I dunno? Here's the release, I don't know if this means ADR's will split or not? Not mentioned on any other news source, and stock only up $1.
Nokia Annual General Meeting; Dividend FIM 7.50
HELSINKI, Finland--At Nokia Corporation's Annual General Meeting (AGM) held on March 24, 1998, the shareholders resolved to pay a dividend of FIM 7.50 per share for 1997 in accordance with the proposal of the Board of Directors. The AGM approved the financial statements of Nokia and discharged the members of the Board of Directors and the President from liability.
The record date for the dividend is March 27, 1998. The dividend will be paid starting April 3, 1998.
***The AGM also resolved to amend the Articles of Association. The nominal value of the Nokia shares was split from FIM 5 to FIM 2.50,*** the stipulation on the redemption of owned shares was removed, the term of the Board members was shortened from three years to one year, the stipulation on the Executive Committee was removed and the authorisation to sign was given to the Chairman of the Board alone.
***The amendments of the Articles of Association will be registered on April 15, 1998, and trading in Nokia shares on the basis of the new par value will commence on April 16, 1998 on those stock exchanges where Nokia shares are listed.***
Board composition
The following persons were re-elected to the Nokia Board of
Directors: Ms. Pirkko Alitalo, Executive Vice President, The Pohjola Group; Dr Edward Andersson, Professor in University of Helsinki; Mr Casimir Ehrnrooth, Doctor of Technology h.c.; Mr Jouko K. Leskinen, President, Sampo Group; Mr Jorma Ollila, President and CEO, Nokia Corporation; Mr Vesa Vainio, Chairman of the Board of Directors of MeritaNordbanken Plc, and Mr Iiro Viinanen, President and CEO, Pohjola Group. As new members of the Board of Directors were elected: Mr Paul J. Collins, Vice Chairman and Director of Citicorp and Citibank N.A., and Mr Robert F.W. van Oordt, Chairman of the Supervisory Board of NKF Holding N.V.
CONTACT: Mr Lauri Kivinen, Senior Vice President,
Corporate Communications, tel. +358 9 1807 495
nokia.com
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