Authorizations
Nokian Tyres' Annual General Meeting held on May 7, 2025 decided on the following authorizations.
Authorization to repurchase the company’s own shares
The General Meeting authorized the Board of Directors to decide on the repurchase of a maximum of 13,800,000 of the company’s own shares, corresponding to approximately 9.9 percent of all shares in the company. Based on the authorization, the company’s own shares may be repurchased otherwise than in proportion to the shareholdings of the shareholders (directed repurchase). The shares may be repurchased using funds in the unrestricted shareholders’ equity, and the price paid for the shares will be based on the market price formed in public trading.
The authorization will be effective until the next Annual General Meeting, however at the latest until June 30, 2026.
The authorization cancels the authorization given to the Board of Directors by the Annual General Meeting on April 30, 2024, related to the repurchase of the company’s own shares.
Authorization to issue shares and grant special rights entitling to shares
The General Meeting authorized the Board of Directors to decide on the issuance of shares and of special rights entitling to shares in one or several tranches. Based on the authorization, a maximum of 13,800,000 shares can be offered through share issues or by granting special rights entitling to shares, corresponding to approximately 9.9 percent of all shares in the company. The issuance of shares may be carried out by offering new shares or by transferring treasury shares held by the company. The authorization includes the right to issue shares or special rights entitling to shares through private offering, in other words to deviate from the shareholders’ pre-emptive rights subject to the provisions of the law.
The authorization will be effective until the next Annual General Meeting, however at the latest until June 30, 2026.
The authorization cancels the authorization given to the Board of Directors by the Annual General Meeting on April 30, 2024, to decide on the issuance of shares and special rights entitling to shares.
Authorization to decide on donations
The General Meeting authorized the Board of Directors to decide on donations in the aggregate maximum amount of EUR 250,000 to be made to universities, institutions of higher education or to other non-profit or similar purposes.
The authorization will be effective until the next Annual General Meeting, however at the latest until June 30, 2026.
The authorization cancels the authorization given to the Board of Directors by the Annual General Meeting on April 30, 2024, to make donations.
