Nokia Corporation redeems its EUR 750 million 5.0 percent convertible bonds due in 2017
October 08 2015 - 9:19AM
Nokia Corporation announced today that it has decided to exercise
its option to redeem its EUR 750 million convertible bonds due in
2017 (the "Convertible Bonds") on November 26, 2015 at their
principal amount outstanding plus accrued interest, and has today
sent a redemption notice to all holders of the Convertible Bonds.
As an alternative to the redemption of the Convertible Bonds,
bondholders have option to convert their Convertible Bonds into
Nokia shares by delivering a conversion notice to Citibank N.A.,
London Branch, in its capacity of Paying, Transfer and Conversion
Agent by no later than the close of business on November 17,
2015.
As at today's date the conversion price for holders of the
Convertible Bonds is EUR 2.39 per Nokia share and the principal
amount outstanding of the Convertible Bond is EUR 749 800 000. If
all holders of the Convertible Bonds exercised their conversion
right in respect of all outstanding Convertible Bonds at the
current conversion price, the maximum number of Nokia shares to be
issued would be 313 723 849 new shares, representing approximately
8.7 percent of Nokia's issued total number of shares on the date of
this notice (excluding the shares owned by Nokia and its subsidiary
companies).
About Nokia
By focusing on the human possibilities of technology, Nokia
embraces the connected world to help people thrive. Our three
businesses are leaders in their fields: Nokia Networks provides
broadband infrastructure, software and services; HERE provides
mapping, navigation and location intelligence; and Nokia
Technologies provides advanced technology development and
licensing. http://www.nokia.com
Media Enquiries: Nokia Communications Tel. +358
(0) 10 448 4900 Email: press.services@nokia.com
HUG#1957691
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