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Nokia warrants exercised for share subscription
September 21, 1998
A total of 248 520 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 July 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 129 200 shares were subscribed for at the price of FIM 168 for two shares and with the warrants of the 1997 bond loan 119 320 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 Nokia's share capital, in total FIM 621 300 was registered in the Finnish Trade Register on September 21, 1998. As a result of the increase, the share capital of Nokia is now FIM 1 505 638 330 and the total number of shares is 602 255 332. Nokia received as additional shareholders' equity in total FIM 29 168 420.
The holders of the new shares are entitled to all shareholders' rights from the registration date, September 21, 1998. The new shares will be listed at the Helsinki Stock Exchange together with the old shares on September 22, 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.
Nokia is a broad-scope communications company supplying mobile phones, mobile and fixed telecommunications networks, wireless data communications solutions, multimedia terminals and computer monitors. In 1997, net sales totaled FIM 52.6 billion ($9.8 billion). Headquartered in Finland, Nokia is listed on the NYSE (NOK.A), has sales in 130 countries and employs more than 41,000 people worldwide.
Contact information:
Nokia, Corporate Communications, tel. +358 9 1807 485.
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