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Nokian to discuss share capital changes

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Nokian Tyres plc shareholders will meet on April 6 to discuss increasing the company's share capital.

Nokian's board of directors proposes that it receive authorization "to decide upon increasing the share capital on one or more occasions by an issue of new shares and/or convertible bonds," according to Nokian officials.

"The share capital of the company can be increased by a maximum of 4,000,000 euros. A maximum of 20,000,000 new shares can be issued, each bearing a nominal value of EUR 0.20."

Nokian's board says it reserves the right to pick which parties are entitled to subscribe, the subscription price, terms and conditions of share subscription and also the terms and conditions of convertible bonds.

The meeting will be held in Nokia, Finland.

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