Nokia Corporation Nokia Board Of Directors Resolved To Issue Shares To The Company And Resolved On A Directed Share Issuance ...

 
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. [phone] 
 
   Email: [e-mail] 
 
   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)

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