Nokia Board Approves Directed Share Issuance
Ticker: NOKBF · Form: 6-K · Filed: Nov 12, 2024 · CIK: 924613
| Field | Detail |
|---|---|
| Company | Nokia Corp (NOKBF) |
| Form Type | 6-K |
| Filed Date | Nov 12, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: equity-issuance, stock-programs, corporate-action
Related Tickers: NOK
TL;DR
Nokia's board is issuing up to 28.6M shares from its own holdings under equity programs.
AI Summary
On November 11, 2024, Nokia Corporation's Board of Directors resolved to issue a maximum of 28,651,000 Nokia shares held by the company. This directed issuance is part of Nokia's Equity Programs.
Why It Matters
This action allows Nokia to utilize its treasury shares for employee incentives or other strategic purposes, potentially impacting share count and dilution.
Risk Assessment
Risk Level: low — The filing is a routine disclosure regarding share issuance under existing equity programs, with no immediate negative financial implications.
Key Numbers
- 28,651,000 — Shares Issued (Maximum number of Nokia shares to be issued under equity programs.)
Key Players & Entities
- Nokia Corporation (company) — Filer and subject of the issuance
- 28,651,000 (dollar_amount) — Maximum number of shares to be issued
- November 11, 2024 (date) — Date of the Board's resolution
FAQ
What is the purpose of the directed share issuance?
The directed issuance is part of Nokia's Equity Programs, likely for employee incentives or other strategic corporate purposes.
When was the resolution for the directed share issuance made?
The resolution was made by Nokia's Board of Directors on November 11, 2024.
What is the maximum number of shares that can be issued?
A maximum of 28,651,000 Nokia shares can be issued.
Are these new shares being created or are they treasury shares?
The shares being issued are Nokia shares already held by the Company (treasury shares).
What type of filing is this and what does it signify?
This is a Form 6-K, a Report of Foreign Private Issuer, signifying a disclosure of material information by Nokia Corporation to the SEC.
Filing Stats: 445 words · 2 min read · ~1 pages · Grade level 14.4 · Accepted 2024-11-12 06:01:52
Filing Documents
- tm2428048d1_6k.htm (6-K) — 15KB
- tm2428048d1_6k-img01.jpg (GRAPHIC) — 3KB
- 0001104659-24-116084.txt ( ) — 20KB
From the Filing
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934 Report on Form 6-K dated November 11, 2024 (Commission File No. 1-13202) Nokia Corporation Karakaari 7 FI-02610 Espoo Finland (Translation of the registrant’s name into English and address of registrant’s principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F : Form 40-F: Enclosures: · Nokia Board of Directors resolved on directed issuance under Nokia Equity Programs Stock exchange release 1 (1) 11 November 2024 Nokia Corporation Stock Exchange Release 11 November 2024 at 12:30 EET Nokia Board of Directors resolved on directed issuance under Nokia Equity Programs Espoo, Finland – Nokia’s Board of Directors has resolved on a directed issuance of a maximum number of 28 651 000 Nokia shares (NOKIA) held by the Company as a result of the issue of new shares on 4 October 2023, to settle the Company’s commitments under the Nokia Long-Term Incentive Plan 2021–2023, Employee Share Purchase Plan and other equity-based incentive plans in respect of shares to be delivered during the year 2025 to the eligible employees as participants in the plans. The shares are issued without consideration. Each share delivery shall be published separately by a stock exchange release. The resolution to issue shares is based on the authorization granted to the Board of Directors by the Annual General Meeting on 3 April 2024. About Nokia At Nokia, we create technology that helps the world act together. As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs. With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable, and sustainable networks today – and work with us to create the digital services and applications of the future. Inquiries: Nokia Communications Phone: +358 10 448 4900 Email: press.services@nokia.com Maria Vaismaa, Global Head of External Communications Nokia Investor Relations Phone: +358 40 803 4080 Email: investor.relations@nokia.com www.nokia.com SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant, Nokia Corporation, has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: November 11, 2024 Nokia Corporation By: /s/ Johanna Mandelin Name: Johanna Mandelin Title: Global Head of Corporate Legal