Nokia issues new shares to settle the acquisition of Alcatel-Lucent shares from the Alcatel-Lucent depositary
May 10 2016 - 1:20AM
On May 9, 2016 Nokia closed the acquisition of
107 775 949 Alcatel-Lucent shares from JPMorgan Chase
Bank N.A., as depositary (the "Alcatel Depositary"), pursuant to
the share purchase agreement announced on March 17, 2016. These
shares represent Alcatel-Lucent shares that remained in the
Alcatel-Lucent American depositary receipts program after the
cancellation period and following the program's termination on
April 25, 2016. On May 10, 2016, Nokia expects to register with the
Finnish Trade Register 59 276 772 new Nokia shares issued
to the Alcatel Depositary in settlement of the transaction.
Following this transaction Nokia owns 94.64% of the share
capital and 94.57% of the voting rights of Alcatel-Lucent,
corresponding to 91.63% of the Alcatel-Lucent shares on a fully
diluted basis.
The new Nokia shares were paid by contribution in kind with the
Alcatel-Lucent shares offered for exchange, at an exchange ratio of
0.5500 Nokia share for each Alcatel-Lucent share purchased by
Nokia. The subscription price, EUR 323 058 407.40 in
aggregate, was based on the closing price of Nokia's shares on
Nasdaq Helsinki on March 16, 2016, and will be recorded in Nokia's
fund for invested non-restricted equity. Consequently, Nokia's
share capital remains unchanged at
EUR 245 896 461.96.
Following the registration, the total number of Nokia shares
equals 5 835 222 112. The shares carry the right to
dividends and all other shareholder rights as of the registration
date. The trading in the shares is expected to commence on Nasdaq
Helsinki on or about May 11, 2016 and Euronext Paris on or about
May 12, 2016.
About Nokia Nokia is a global leader in the
technologies that connect people and things. Powered by the
innovation of Bell Labs and Nokia Technologies, the company is at
the forefront of creating and licensing the technologies that are
increasingly at the heart of our connected lives.
With state-of-the-art software, hardware and services for any
type of network, Nokia is uniquely positioned to help communication
service providers, governments, and large enterprises deliver on
the promise of 5G, the Cloud and the Internet of
Things. www.nokia.com
Media Enquiries: Nokia Communications Tel. +358 (0) 10
448 4900 Email: press.services@nokia.com
Investor Enquiries: Nokia Investor Relations Tel. +358
4080 3 4080 Email: investor.relations@nokia.com
FORWARD-LOOKING STATEMENTS
This stock exchange release contains forward-looking statements
that reflect Nokia's current expectations and views of future
events and developments. Some of these forward-looking statements
can be identified by terms and phrases such as "expect" and similar
expressions. These forward-looking statements include statements
relating to: the expected issuance of the new Nokia shares and the
commencement of trading of such shares on Nasdaq Helsinki and
Euronext Paris. These forward-looking statements are subject to a
number of risks and uncertainties, many of which are beyond our
control, which could cause actual results to differ materially from
such statements. These forward-looking statements are based on our
beliefs, assumptions and expectations of future performance, taking
into account the information currently available to us. Risks and
uncertainties include: regulatory and contractual restrictions
applicable to the issuance of the new Nokia shares, Nokia's ability
to list the new Nokia shares on Nasdaq Helsinki and Euronext Paris;
and the impact on Nokia of any of the foregoing risks or
forward-looking statements, as well as other risk factors listed
from time to time in Nokia's filings with the U.S. Securities
and Exchange Commission (the "SEC").
The forward-looking statements should be read in conjunction
with the other cautionary statements that are included elsewhere,
including the Risk Factors section of Nokia's most recent annual
report on Form 20-F, reports furnished on Form 6-K, and any other
documents that Nokia has filed with the SEC. Any forward-looking
statements made in this stock exchange release are qualified in
their entirety by these cautionary statements, and there can be no
assurance that the actual results or developments anticipated by us
will be realized or, even if substantially realized, that they will
have the expected consequences to, or effects on, us or our
business or operations. Except as required by law, we undertake no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
HUG#2011013
Nokia (NYSE:NOK)
Historical Stock Chart
From Mar 2024 to Apr 2024
Nokia (NYSE:NOK)
Historical Stock Chart
From Apr 2023 to Apr 2024