Nokia Corporation Transfers Shares to Incentive Plan Participants
Nokia Corporation recently made significant changes regarding its shares as part of its ongoing commitment to its employees and incentive programs. A total of 3,935,723 shares held by the company were transferred on this occasion to participants involved in its equity-based incentive plans, executed according to the relevant plan rules.
Details on Share Transfer
This transfer decision stems from a resolution by the Board of Directors, aimed at fulfilling commitments made to participants of these incentive plans. The initial announcement regarding these commitments was made a few months prior, ensuring transparency about the company’s internal strategies.
Current Share Holdings of Nokia Corporation
After this transfer, Nokia retains 216,573,408 of its own shares. This strategic decision supports Nokia’s emphasis on aligning employee interests with the company’s long-term goals while fostering motivation and retention within the workforce.
About Nokia's Technology Leadership
Nokia stands at the forefront of technology innovation, specializing in transformative solutions that connect people and businesses globally. As a leader in business-to-business (B2B) technology, Nokia is revolutionizing the landscape by creating networks that not only sense but also think and act autonomously. This advancement is pivotal for developing cutting-edge mobile, fixed, and cloud networks.
Commitment to Innovation
An essential part of Nokia's strategy involves the significant contributions of its renowned Nokia Bell Labs, a research arm celebrating a century of groundbreaking innovation. Nokia Bell Labs continues to lead with award-winning research, exploring new frontiers in technology.
Network Integration and Services
With architectures that are open and adaptable, Nokia ensures its high-performance networks can seamlessly integrate into any ecosystem. This capability opens numerous pathways for monetization and scaling business opportunities. Companies worldwide rely on Nokia for secure and reliable network solutions, working collaboratively to define the digital services and applications for tomorrow.
Inquiries and Contact Information
If you require further information, Nokia’s Communications team is available to assist. Interested parties can reach out through the following contact number: +358 10 448 4900 or via email at press.services@nokia.com.
Additionally, for those involved in investor relations, Maria Vaismaa serves as the Global Head of External Communications at Nokia. Investors can contact the Investor Relations team at +358 931 580 507 or through email at investor.relations@nokia.com.
Frequently Asked Questions
What was the purpose of the share transfer by Nokia?
The share transfer was executed to settle commitments to participants of Nokia's equity-based incentive plans, promoting employee motivation and retention.
How many shares does Nokia hold after the transfer?
After the transfer, Nokia holds a total of 216,573,408 of its own shares.
What does Nokia specialize in?
Nokia specializes in B2B technology solutions, focusing on creating high-performance networks and services for a global audience.
How can I contact Nokia for inquiries?
Nokia can be contacted via phone at +358 10 448 4900 or through their dedicated emails for communications and investor relations.
What is Nokia Bell Labs?
Nokia Bell Labs is the research arm of Nokia, known for its historical and ongoing contributions to innovation and technology advancements.
