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Nokia's 1999 Stock Option plan extended to almost 5 000 employees in 50 countries
October 21, 1999
In March 1999, Nokia's Annual General Meeting approved the Nokia 1999 global stock option plan and its terms. Under the plan Nokia will issue a maximum of 36 million new shares, and the plan consists of three groups of stock options marked A, B and C. The subscription price per share for the 12 million A stock options will be EUR 67.55 with the subscription period starting on April 1, 2001. The price is based on the trade volume weighted average price of the Nokia share on the Helsinki Exchanges during five trading days in March 1999.
The subscription price for the B and C stock options will be similarily determined, according to the terms, in March 2000 and 2001, respectively. The exercise period for B stock options will start on April 1, 2002 and for C stock options on April 1, 2003. Pursuant to the subscription of all shares, the share capital of Nokia will be increased by EUR 8 640 000.
Nokia has now offered 1999 stock options to almost 5 000 of its key employees in 50 countries. The earlier stock option plans were established in 1994 for approximately 50 employees, in 1995 for approximately 350 employees and in 1997 for approximately 2 000 employees.
Contact information:
Nokia Corporate Communications
Tel. +358 9 1807 495
Fax +358 9 652 409
email: communications.corporate@nokia.com
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