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ESPOO, Finland - Nokia Corporation announced Thursday that its Board of Directors has resolved to issue 120 million new shares to itself without consideration to fulfill obligations under its equity programs through 2027.
The Finnish telecommunications equipment maker said the new shares are expected to be registered with the Finnish Trade Register on or about October 2, 2025, bringing Nokia’s total share count to 5.58 billion.
Trading of the new shares is expected to commence on Nasdaq Helsinki on October 3 and on Euronext Paris on October 6, according to the company statement.
Additionally, Nokia’s board resolved on a directed issuance of up to 120 million shares held by the company to settle commitments under its Employee Share Purchase Plan 2024-2026 and various Restricted and Performance Share awards granted under Nokia’s Long-Term Incentive Plans.
The shares may also be used to fulfill Nokia’s obligations to deliver shares during 2025-2027 in connection with awards granted under Infinera Corporation’s 2016 Equity Incentive Plan, which Nokia assumed. These shares will be issued without consideration, with each delivery to be announced separately.
Both share issuance resolutions are based on authorization granted to Nokia’s Board of Directors by shareholders at the Annual General Meeting held on April 29, 2025, according to the press release statement.
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