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Nokia warrants exercized for share subscription
June 22, 1998
A total of 271,924 Nokia A shares with the nominal value of FIM 2.50 were subscribed for after the previous increase in the share capital was registered on April 27, 1998. The shares were subscribed for with the warrants attached to the bond loans issued to the key personnel of Nokia. With the warrants of the 1995 bond loan 77,000 shares were subscribed for at the price of FIM 168 for two shares and with the warrants of the 1997 bond loan 194,924 shares at the price of FIM 307 for two shares. The issue of these bond loans was approved by the Annual General Meetings of March 30, 1995 and March 25, 1997.
The increase in the share capital, in total FIM 679,810 was registered in the Finnish Trade Register on June 22, 1998. As a result of the increase, the share capital of Nokia is now FIM 1,504,035,520 and the total number of shares is 601,614,208. Nokia received as additional shareholders' equity in total FIM 36,388,834.
The holders of the new shares are entitled to all shareholders' rights from the registration date. The new shares will be listed at the Helsinki Stock Exchange together with the old shares on June 23, 1998. Listing of the shares will also be applied for at the Frankfurt, London, New York, Paris and Stockholm Stock Exchanges.
The subscription for shares with the Nokia bond loans with warrants began in December 1997.
Further information:
Nokia, Corporate Communications, tel. +358 9 180 71
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