Nokia raises some cash this AM.....
(BSNS WIRE) Nokia Warrants Exercised for Share Subscription
Nokia Warrants Exercised for Share Subscription
Business Editors
HELSINKI, Finland--(BUSINESS WIRE)--April 23, 1999--A total of
489,176 shares with the nominal value of EUR 0.24 were subscribed for
after the previous increase in the share capital was registered on
April 9, 1999.
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 1994 bond loan 248,208 shares were subscribed for, with the
warrants of the 1995 bond loan 50,000 shares and with the warrants of
the 1997 bond loan 190,968 shares. The issue of these bond loans was
approved by the Annual General Meetings of April 7, 1994, March 30,
1995 and March 25, 1997, respectively.
The increase in the share capital, in total EUR 117,402.24 was
registered in the Finnish Trade Register on April 23, 1999. As a
result of the increase, the share capital of Nokia is now EUR
290,965,187.52 and the total number of shares is 1,212,354,948. Nokia
received as additional shareholders' equity in total EUR 3,794,093.58.
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 Exchanges together with the old shares on April 26, 1999.
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 1995 and 1996 bond
loans with warrants began in December 1997 and with the Nokia 1994
bond loan with warrants in December 1998.
--30--es/ny*
CONTACT: Nokia
Corporate Communications
358/9-1807-485
Fax: 358/9-652-409
www.nokia.com
KEYWORD: NEW YORK
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED
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