Nokia Corporation Updates on Share Transfers
Nokia Corporation has released a correction regarding its own shares. The announcement, which previously stated that the number of shares held was 149,246,864, has been amended to reflect the accurate figure of 148,246,864.
Details of the Share Transfer
The transfer of shares is significant for Nokia as it engages in equity-based incentive plans. On a recent date, the company transferred a total of 1,020,316 Nokia shares (NOKIA) to participants of these plans without any consideration. This transfer aligns with Nokia's commitment to its workforce, ensuring that employees benefit from the company's ongoing success.
Reason for the Share Transfer
This particular action is grounded in a resolution made by the Board of Directors. The decision to issue shares from Nokia's own holdings is aimed at fulfilling obligations to participants in the incentive plans that were initially announced in November of a previous year. The aim is to motivate and reward employees who contribute to Nokia's advancements in technology.
Company Overview
Nokia stands at the forefront of the global connectivity landscape, particularly as we advance into the AI era. The company specializes across various networking sectors, including fixed, mobile, and transportation networks. In its mission, Nokia is dedicated to paving the way for improved connectivity, ultimately working towards a more connected and secure world for everyone.
Contact Information for Queries
For any inquiries related to this stock exchange release or other company-related matters, Nokia can be reached through the following channels:
Communications:
Phone: +358 10 448 4900
Email: press.services@nokia.com
Maria Vaismaa, Vice President, Global Media Relations
Investor Relations:
Phone: +358 931 580 507
Email: investor.relations@nokia.com
Frequently Asked Questions
What was the initial number of Nokia's own shares stated?
The initial report stated that Nokia held 149,246,864 shares before being corrected to 148,246,864.
Who benefits from the share transfers?
The shares are transferred to participants of Nokia's equity-based incentive plans, which are designed to motivate employees.
When did Nokia announce its share transfer?
Nokia announced the transfer after a resolution by the Board of Directors to issue shares to fulfill obligations under incentive plans.
What areas does Nokia focus on?
Nokia is focused on enhancing connectivity in the AI era, with expertise in fixed and mobile networks as well as transportation networks.
How can one contact Nokia for more information?
People can reach Nokia through provided phone numbers or emails for inquiries regarding corporate announcements and media relations.
