Nokia Transfers Shares to Enhance Employee Incentive Programs
Recent Transfer of Shares by Nokia Corporation
Nokia Corporation has made significant moves in strengthening its employee incentive programs through a recent transfer of shares. The company, known for its innovation in B2B technology, has transferred 39,963 shares, reflecting its commitment to rewarding the hard work of its team members.
Understanding the Transfer of Shares
This transfer, conducted without consideration, was specifically aimed at participants of Nokia's equity-based incentive plans. It was carried out according to the rules set out in these plans, which aim to acknowledge the contributions of employees. The transfer follows a resolution from the Board of Directors that initiates the issuance of these shares to fulfill obligations towards plan participants.
The Impact on Shareholdings
Following this transfer, Nokia Corporation retains a total of 229,926,340 of its own shares. This decision not only reflects ongoing support for employee engagement and retention but also demonstrates the company's strategy of aligning employee interests with its overall performance in the market.
Nokia's Commitment to Innovation
Nokia stands at the forefront of technology innovation. The organization thrives on developing networks that sense, think, and act, thereby creating a cohesive technological ecosystem. Nokia Bell Labs, which is a global leader in long-term research and intellectual property, plays a crucial role in this by pioneering advancements in mobile, fixed, and cloud networks.
Building Stronger Partnerships
Through the implementation of open architectures, Nokia enables seamless integration across various ecosystems. This results in high-performance networks that foster new opportunities for monetization and scalability. Around the globe, service providers and enterprises depend on Nokia to deliver secure, reliable, and sustainable network solutions. This collaboration is essential as they work together to innovate digital services and applications that will define the future.
Inquiries and Further Information
Nokia encourages an open line of communication regarding its corporate activities and developments. Interested parties can reach out to Nokia Communications for further details. The company has established dedicated channels to answer inquiries effectively:
Contact Details:
Nokia Communications
Phone: +358 10 448 4900
Email: press.services@nokia.com
For investor-related questions or insights, Nokia’s Investor Relations department is readily accessible:
Nokia Investor Relations
Phone: +358 931 580 507
Email: investor.relations@nokia.com
Frequently Asked Questions
What is the significance of the share transfer by Nokia?
The share transfer is aimed at rewarding participants of equity-based incentive plans, aligning the interests of employees with the company's performance.
How many shares were transferred to employees?
A total of 39,963 Nokia shares were transferred as part of the incentive program for employees.
What remains of Nokia’s shareholdings after this transfer?
After the share transfer, Nokia holds 229,926,340 of its own shares.
How does Nokia foster innovation in technology?
Nokia pioneers innovation through networks that integrate across mobile, fixed, and cloud services, supported by extensive research from Nokia Bell Labs.
Who can potential investors contact for inquiries?
Nokia's Investor Relations can be reached via email at investor.relations@nokia.com for any investment-related questions.
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