Nokia Issues New Shares In Directed Share Issue

(RTTNews) - Nokia (NOK) said that it has issued 6.50 million new shares in deviation from shareholders' pre-emptive rights based on a resolution by the Board of Directors on February 18, 2016, pursuant to the authorization granted by the Extraordinary General Meeting held on December 2, 2015.

The Shares have been issued in exchange for Alcatel-Lucent shares in a private transaction at the same exchange ratio as that offered in Nokia's recently completed public exchange offers for Alcatel-Lucent securities in France and in the United States, i.e. 0.5500 Nokia shares for each Alcatel-Lucent share, in order to increase Nokia's ownership in Alcatel-Lucent.

The Shares will be paid by contribution in kind with the Alcatel-Lucent shares offered for exchange. The subscription price, 36.34 million euros in aggregate, is based on the closing price of Nokia's shares on Nasdaq Helsinki on February 18, 2016, and will be recorded in Nokia's fund for invested non-restricted equity.

Consequently, Nokia's share capital will remain unchanged at 245.90 million euros.

Nokia expects to register the Shares with the Finnish Trade Register on or about February 24, 2016. After the registration the total number of Nokia's shares will equal 5 775 945 340. The Shares will 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 and Euronext Paris on or about February 25, 2016.