Nokia Board of Directors resolved on a directed share issuance to Nokia employees participating in the Employee Share Purchas...
September 30 2015 - 5:19AM
Nokia announced that Nokia's Board of Directors has resolved on a
directed issuance of a maximum amount of 141 581 Nokia shares
(NOKIA) held by the company to Nokia employees participating in the
Employee Share Purchase Plan 2014. The one-year cycle of the
Employee Share Purchase Plan 2014 ended on July 31, 2015.
Under the terms and conditions of the Employee Share Purchase
Plan 2014 Nokia will offer one matching share for every two shares
purchased under the plan which the participant still held as at
July 31, 2015. The shares are issued without consideration. As the
issued shares are held by the company, the total number of the
company's outstanding shares does not change as a consequence of
the share issuance. The shares will be delivered to the employees
in October 2015.
The Board of Directors approved the launch of the Employee Share
Purchase Plan 2014 as part of the Nokia Equity Program 2014 on
February 14, 2014 to encourage employee share ownership, commitment
and engagement. The resolution to issue shares is based on the
authorization granted to the Board by the Annual General Meeting on
May 5, 2015.
About Nokia
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embraces the connected world to help people thrive. Our three
businesses are leaders in their fields: Nokia Networks provides
broadband infrastructure, software and services; HERE provides
mapping, navigation and location intelligence; and Nokia
Technologies provides advanced technology development and
licensing. http://www.nokia.com
Media Enquiries: Nokia Communications Tel. +358 (0) 10
448 4900 Email: press.services@nokia.com
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