Telecomunicazioni
Nokia issues new shares to settle the acquisition of Alcatel-Lucent shares from the Alcatel-Lucent depositary
Nokia Corporation
Stock Exchange Release
May 10, 2016 at 08:15 (CET +1)
Espoo, Finland - 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.
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
Nokia
Communications
Tel. +358 (0) 10 448 4900
Email: press.services@nokia.com
Nokia
Investor Relations
Tel. +358 4080 3 4080
Email: investor.relations@nokia.com
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