Nokia Corporation Nokia Board Of Directors Resolved To Issue Shares To The Company And Resolved On A Directed Share Issuance ...
06 September 2018 - 4:30PM
UK Regulatory
TIDMNOKIA
Nokia Corporation
Stock Exchange Release
September 6, 2018 at 9:30 (CET +1)
Nokia Board of Directors resolved to issue shares to the company and
resolved on a directed share issuance to Nokia employees participating
in the Employee Share Purchase Plan 2017
Espoo, Finland - Nokia announced today that it has resolved to issue 4
014 000 new shares in a directed issuance without consideration to Nokia
Corporation to be later used to fulfil the company's obligations
primarily under the Employee Share Purchase Plan 2017. The new shares
will be registered with the Finnish Trade Register as soon as
practicable and the shares will carry the shareholder rights attached to
them as of the registration date.
Additionally, the Board of Directors resolved on a directed issuance of
a maximum number of 4 014 000 Nokia shares (NOKIA) held by the company,
as a result of the above issuance of new shares, to employees
participating in the Employee Share Purchase Plan 2017. The savings
period of the plan ended on June 30, 2018. Under the terms and
conditions of the plan, Nokia will offer one matching share for every
two shares purchased under the plan which the participant still held on
July 31, 2018.
The shares under the Employee Share Purchase Plan 2017 will be delivered
to the employees on or around September 17, 2018. The shares are issued
without consideration.
The Board of Directors approved the launch of the Employee Share
Purchase Plan 2017 as part of the Nokia Equity Program announced on
February 2, 2017 to encourage employee share ownership, commitment and
engagement.
Both resolutions to issue shares are based on the authorization granted
to the Board of Directors by the Annual General Meeting on May 30, 2018.
About Nokia
We create the technology to connect the world. Powered by the research
and innovation of Nokia Bell Labs, we serve communications service
providers, governments, large enterprises and consumers, with the
industry's most complete, end-to-end portfolio of products, services and
licensing.
We adhere to the highest ethical business standards as we create
technology with social purpose, quality and integrity. Nokia is enabling
the infrastructure for 5G and the Internet of Things to transform the
human experience www.nokia.com
Media Enquiries:
Nokia
Communications
Tel. +358 (0) 10 448 4900
Email: press.services@nokia.com
Jon Peet, Vice President, Corporate Communications
FORWARD-LOOKING STATEMENTS
It should be noted that Nokia and its businesses are exposed to various
risks and uncertainties and certain statements herein that are not
historical facts are forward-looking statements, including, without
limitation, those regarding: A) our ability to integrate acquired
businesses into our operations and achieve the targeted business plans
and benefits, including targeted benefits, synergies, cost savings and
efficiencies; B) expectations, plans or benefits related to our
strategies and growth management; C) expectations, plans or benefits
related to future performance of our businesses; D) expectations, plans
or benefits related to changes in organizational and operational
structure; E) expectations regarding market developments, general
economic conditions and structural changes; F) expectations and targets
regarding financial performance, results, operating expenses, licensing
rates, taxes, currency exchange rates, hedging, cost savings and
competitiveness, as well as results of operations including targeted
synergies and those related to market share, prices, net sales, income
and margins; G) expectations, plans or benefits related to any future
collaboration or to business collaboration agreements or patent license
agreements or arbitration awards, including income to be received under
any collaboration or partnership, agreement or award; H) timing of the
deliveries of our products and services; I) expectations and targets
regarding collaboration and partnering arrangements, joint ventures or
the creation of joint ventures, and the related administrative, legal,
regulatory and other conditions, as well as our expected customer reach;
J) outcome of pending and threatened litigation, arbitration, disputes,
regulatory proceedings or investigations by authorities; K) expectations
regarding restructurings, investments, capital structure optimization
efforts, uses of proceeds from transactions, acquisitions and
divestments and our ability to achieve the financial and operational
targets set in connection with any such restructurings, investments,
capital structure optimization efforts, divestments and acquisitions;
and L) statements preceded by or including "believe", "expect",
"anticipate", "foresee", "sees", "target", "estimate", "designed", "aim",
"plans", "intends", "focus", "continue", "project", "should", "is to",
"will" or similar expressions. These statements are based on
management's best assumptions and beliefs in light of the information
currently available to it. Because they involve risks and uncertainties,
actual results may differ materially from the results that we currently
expect. Factors, including risks and uncertainties that could cause
these differences include, but are not limited to: 1) our strategy is
subject to various risks and uncertainties and we may be unable to
successfully implement our strategic plans, sustain or improve the
operational and financial performance of our business groups, correctly
identify or successfully pursue business opportunities or otherwise grow
our business; 2) general economic and market conditions and other
developments in the economies where we operate; 3) competition and our
ability to effectively and profitably invest in new competitive
high-quality products, services, upgrades and technologies and bring
them to market in a timely manner, as well as the risk factors specified
on pages 71 to 89 of our 2017 annual report on Form 20-F published on
March 22, 2018 under "Operating and financial review and prospects-Risk
factors" and in our other filings or documents furnished with the U.S.
Securities and Exchange Commission. Other unknown or unpredictable
factors or underlying assumptions subsequently proven to be incorrect
could cause actual results to differ materially from those in the
forward-looking statements. We do not undertake any obligation to
publicly update or revise forward-looking statements, whether as a
result of new information, future events or otherwise, except to the
extent legally required.
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: NOKIA via Globenewswire
http://www.nokia.com/en_int
(END) Dow Jones Newswires
September 06, 2018 02:30 ET (06:30 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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