Significant Transaction Notification
Nokia Corporation recently made headlines with important updates regarding its managerial transactions. A notification under Article 19 of the EU Market Abuse Regulation was issued, indicating the acquisition of shares by board member Pernille Erenbjerg. This is part of a broader initiative to align compensation with shareholder interests.
Board Members’ Compensation Structure
On 29 April 2025, Nokia's Annual General Meeting set forth a resolution stipulating that approximately 40% of the annual fees for board members will now be compensated in Nokia shares. This innovative approach aims to strengthen the connection between board members and the company’s performance, fostering an environment of mutual growth and shared objectives.
Details of the Share Purchases
Following this resolution, Pernille Erenbjerg purchased shares as part of her compensation package. The transaction occurred on 7 May 2025, on the NASDAQ Helsinki Ltd exchange, highlighting the company’s commitment to maintaining transparency in its operations. The transaction details are as follows: a total of 17,840 shares were acquired, and the transaction was categorized as a receipt of a share-based incentive.
Overview of Nokia’s Operations
Founded with a vision to create technology that facilitates global connectivity, Nokia continues to lead in B2B technological innovation. With a strong focus on mobile, fixed, and cloud networks, the company is pioneering advancements that enable networks to sense, think, and act independently, which is pivotal in today's technology landscape.
Innovative Research and Development
Nokia shines through its long-term commitments to research and innovation. The renowned Nokia Bell Labs, celebrating its centenary, has been at the forefront of breakthrough innovations that shape the future of technology. This ongoing investment in intellectual property propels Nokia as a trusted leader in transforming network capabilities.
Current Market Position
With open architectures and high-performance networks, Nokia is well-positioned to create substantial revenue opportunities. Their seamless integration across various ecosystems enables service providers, enterprises, and partners to build secure, reliable, and sustainable networks. As digital services and applications evolve, Nokia is committed to leading the charge in shaping these advancements.
Contact Information for Investor Relations
For more information regarding Nokia's operations and recent board transactions, interested parties can direct inquiries to Nokia Communications. The contact details are as follows: Phone: +358 10 448 4900 or via email at press.services@nokia.com. Additionally, for investor relations, contact Maria Vaismaa at +358 931 580 507 or email investor.relations@nokia.com.
Frequently Asked Questions
What recent transactions occurred within Nokia’s board?
Pernille Erenbjerg purchased shares as part of her annual fee, in accordance with the new compensation structure established by the recent AGM.
What percentage of board members' fees are paid in shares?
Approximately 40% of the annual fees for board members are now compensated in Nokia shares.
Where do these transactions take place?
The transactions are conducted on the NASDAQ Helsinki Ltd exchange.
How is Nokia contributing to technology innovation?
Nokia leads in B2B technology, pioneering networks through innovation and extensive research led by Nokia Bell Labs.
Who can I contact for more information about Nokia’s operations?
Inquiries can be directed to Nokia Communications at +358 10 448 4900 or via email at press.services@nokia.com.
