Nokia Completes Directed Share Issuance to NVIDIA
Nokia Corporation has successfully finalized its directed share issuance to NVIDIA Corporation. This step marks a significant development in Nokia's capital structure and indicates its commitment to strengthening partnerships in the tech industry.
Details of the Share Issuance
The announcement was made regarding the issuance of 166,389,351 new Nokia shares, which have now been registered with the Finnish Trade Register. These new shares will be delivered to NVIDIA as American Depositary Shares, allowing NVIDIA to extend its influence in the tech market more effectively.
This issuance will increase the total number of Nokia shares to 5,742,239,696, with the new shares accounting for approximately 2.90% of the overall shares. This change reflects Nokia's growth strategy and its desire to innovate continuously.
Trading and Future Outlook
The newly issued shares are anticipated to start trading on Nasdaq Helsinki soon. However, it's noteworthy that these shares will not be listed on Euronext Paris, in light of a delisting process that was previously announced. This adjustment highlights Nokia’s strategic moves in managing its listings effectively.
Nokia's Commitment to Innovation
Nokia stands as a leader in technology and innovation, and its recent collaboration with NVIDIA is a clear indication of its focus on advancing digital infrastructure. With a rich history of pioneering networks, Nokia is dedicated to creating technology that enables the world to connect seamlessly.
As a frontrunner in B2B technology, Nokia has been developing networks that are adaptive and responsive. The company capitalizes on its extensive research achievements, notably from Nokia Bell Labs, which has been instrumental in the evolution of modern telecommunications over the past century.
Engagement with Stakeholders and Investors
Nokia is committed to maintaining transparent communication with all stakeholders, ensuring they are kept informed about innovations and strategic decisions. Its approach reflects an understanding of the current market dynamics and a proactive stance in adjusting to industry needs.
Contact Information for Inquiries
For further questions or insights regarding this development, interested parties can reach out through the following contact channels:
Nokia Communications
Phone: +358 10 448 4900
Email: press.services@nokia.com
Maria Vaismaa, Global Head of External Communications
Nokia Investor Relations
Phone: +358 931 580 507
Email: investor.relations@nokia.com
Frequently Asked Questions
What is the recent share issuance by Nokia?
Nokia has issued 166,389,351 new shares to NVIDIA, increasing its total share count significantly.
How will this issuance affect Nokia's stock?
The new shares make up about 2.90% of Nokia's total shares and are expected to be traded shortly on Nasdaq Helsinki.
Why are the new shares not listed on Euronext Paris?
The shares will not be listed on Euronext Paris as part of a delisting process that Nokia is undergoing.
What does Nokia aim to achieve with this partnership?
Nokia aims to strengthen its position in the digital ecosystem and expand its innovative capabilities through collaboration with NVIDIA.
How can stakeholders contact Nokia for more information?
Stakeholders can reach Nokia's communications or investor relations teams through the provided phone numbers and email addresses.
