Nokia Corporation Announces Significant Share Transfer Update
Nokia Corporation's Recent Share Transfer for Incentive Plans
Nokia Corporation has recently taken a significant step in its equity management by transferring a specific number of its shares as part of its ongoing commitment to its employees and stakeholders. This decision reflects the company's strategic vision to align employee performance with shareholder interests.
Details of the Share Transfer
In this latest move, a total of 3,485,335 shares of Nokia (NOKIA) were transferred to participants of the company's equity-based incentive plans. This action is in accordance with the plans' established rules, demonstrating Nokia's commitment to rewarding its employees based on their contributions and performance.
Resolution of the Board of Directors
The transfer was executed based on a resolution established by Nokia's Board of Directors, which outlines the issuance of shares held by the company. This decision has been part of the company's strategy since the announcement made on 11 November 2024, showing a proactive approach to managing its resources and supporting key personnel.
Current Share Holdings
Following the share transfer, Nokia Corporation continues to hold 229,094,210 of its own shares. This inventory positions the company well within the market, providing sufficient flexibility for future strategic decisions, investments, or further incentives.
About Nokia
Nokia is not just a telecommunications giant; it is a leader in creating technology that empowers the world to collaborate more effectively. As a B2B technology innovator, Nokia focuses on pioneering networks that are intelligent and adaptable, utilizing a blend of mobile, fixed, and cloud technologies.
Innovative Solutions and Networks
Creating value is at the core of Nokia's mission, supported by long-term research initiatives led by the globally recognized Nokia Bell Labs. Their commitment to developing open architectures allows for seamless integration within any ecosystem, fostering high-performance networks that enhance monetization opportunities for service providers and partners across the globe.
Company Contacts for Further Inquiries
For anyone looking to delve deeper into Nokia's innovations or to learn more about its strategic plans, the following contacts are available:
Nokia Communications
Phone: +358 10 448 4900
Email: press.services@nokia.com
Contact: Maria Vaismaa, Global Head of External Communications
Nokia Investor Relations
Phone: +358 931 580 507
Email: investor.relations@nokia.com
Frequently Asked Questions
What was the reason for the share transfer at Nokia?
The share transfer was part of Nokia's equity-based incentive plans aimed at aligning employee performance with shareholder value.
How many shares were transferred by Nokia Corporation?
A total of 3,485,335 shares were transferred as part of this initiative.
What is the current hold of Nokia shares post-transfer?
Post-transfer, Nokia maintains ownership of 229,094,210 shares.
Who can I contact for more information about Nokia's strategies?
You can reach out to Nokia Communications or the Investor Relations team via the provided contact details.
What type of technology does Nokia focus on?
Nokia specializes in B2B technology, particularly in creating responsive networks that integrate mobile, fixed, and cloud technologies.
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