The
Extraordinary General Meeting of Nokia Corporation held on November 19,
2013 ("EGM") decided to confirm and approve the sale of substantially
all of Nokia's Devices & Services business to Microsoft in line with
the proposal and recommendation of the Nokia Board of Directors. More
than 99 % of the votes cast at the EGM were in favor of this proposal.
"This
is a significant step forward for Nokia. We are delighted that
shareholders have given us overwhelmingly strong support to proceed with
this transformative agreement," said Nokia Board Chairman and interim
CEO, Risto Siilasmaa. "Today's vote brings us closer to completing a
transaction which will mark the beginning of the next chapter in Nokia's
near 150-year history, offering the potential of greater value for
shareholders," he said.
The transaction is expected
to close in the first quarter of 2014, subject to regulatory approvals
and other customary closing conditions. The transaction was originally
announced on September 3, 2013. Further information on the transaction
has been included in Nokia's releases concerning the transaction and the
EGM dated September 3, September 19 and October 14, 2013 as well as the
proxy materials that were made available ahead of the EGM.
- See
more at:
http://press.nokia.com/2013/11/19/nokia-extraordinary-general-meeting-2013-confirms-and-approves-the-sale-of-substantially-all-of-nokias-devices-services-business-to-microsoft/#sthash.1dX2igJw.dpuf
The
Extraordinary General Meeting (EGM) of Nokia Corporation decided to confirm and
approve the sale of substantially all of Nokia's Devices & Services
business to Microsoft in line with the proposal and recommendation of the Nokia
Board of Directors.
More
than 99 % of the votes cast at the EGM were in favor of this proposal.
