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Nokia warrants exercized for share subscription
October 28, 1998
A total of 59 226 A shares with the nominal value of FIM 2.50 have been subscribed for after the previous increase in the share capital was registered on September 21, 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 24 200 shares were subscribed for at the price of FIM 168 for two shares and with the warrants of the 1997 bond loan 35 026 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 148 065, was registered in the Finnish Trade Register on October 27, 1998. As a result of the increase, the share capital of Nokia is now FIM 1 505 786 395 and the total number of shares is 602 314 558. Nokia received as additional shareholders' equity in total FIM 7 409 291.
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 October 28, 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 the world's leading mobile phone supplier and a leading supplier of mobile and fixed telecom networks including related customer services. Nokia also supplies solutions and products for fixed and wireless datacom, as well as multimedia terminals and computer monitors. In 1997, net sales totaled FIM 52.6 billion (USD 9.8 billion). Headquartered in Finland, Nokia is listed on five European Stock Exchanges and on the New York Stock Exchange (NOK.A), has sales in 130 countries and employs more than 42,000 people world-wide.
Contact information:
Nokia, Corporate Communications,
tel. +358 9 180 71
fax +358 9 652 409
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