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Nokia Says JPMorgan Holding In Company Exceeds 5%

Date : 04/24/2012 @ 10:22AM
Source : Dow Jones News
Stock : JPMorgan Chase & Co. (JPM)
Quote : 56.19  0.14 (0.25%) @ 5:26PM
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Nokia Says JPMorgan Holding In Company Exceeds 5%

Nokia (NYSE:NOK)
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Nokia Corp. (NOK), the Finnish handset maker, said Tuesday JPMorgan Chase & Co.'s (JPM) holdings in Nokia have exceeded 5% of the total share capital of Nokia, with the bank now holding shares and financial instruments representing 5.76% of the company's shares and voting rights.


-Of JPMorgan's total holding 4.73% was comprised of shares and the rest were made up of various financial instruments that can in aggregate result to a holding of 1.03%.

-The financial instruments are customary to the financial markets, such as option arrangements, with expirations dates ranging from April 27 2012, to Jan. 18 2014, Nokia said.

-The holdings are divided between various controlled undertakings of JPMorgan, with 5.35% held by JPMorgan Securities Ltd., Nokia said.

-The holdings were recorded on April 20 2012.

-At 1343 GMT shares in Nokia traded 0.9% lower at EUR2.68.

-By Sven Grundberg, Dow Jones Newswires; +46-8-5451-3098; sven.grundberg@dowjones.com

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