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ESPOO, Finland - Nokia Corporation announced Tuesday its intention to delist its shares from the regulated market of Euronext Paris, while maintaining listings on Nasdaq Helsinki and the New York Stock Exchange.
The Finnish telecommunications equipment maker's Board of Directors has resolved to submit a delisting application following a review of trading volumes, costs and administrative requirements associated with its Paris listing.
The delisting process requires approval from the Board of Euronext Paris and is expected to be completed within the next three months, according to the company statement.
Nokia said investors whose shares are listed on Euronext Paris should consult with their investment advisers or custodians regarding potential impacts of the delisting.
The company's shares will continue to trade under the ISIN code FI0009000681 on its remaining exchanges.
Nokia, which describes itself as a B2B technology innovation leader specializing in mobile, fixed and cloud networks, said further details about the delisting process will be announced separately in accordance with applicable requirements.
The announcement comes as Nokia's research division, Nokia Bell Labs, celebrates its 100th anniversary of innovation this year.
This information is based on a press release issued by Nokia Corporation.
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