Nokia Corporation Makes a Bold Move: Transfers Over 383,000 Shares for its Equity-Based Incentive Schemes

Espoo, Finland – In a novel corporate move, Nokia Corporation recently transferred a substantial total of 383,402 of its own shares (NOKIA), all without consideration, to participants of its equity-based incentive plans. This unique transfer was achieved in accordance with the plans’ established rules, marking an interesting moment as part of the company’s ongoing commitment to rewarding its employees.

This transfer was instigated based on a resolution made by Nokia Corporation’s Board of Directors to issue company-held shares. This was conceived as a measure to resolve Nokia’s obligations to those who participate in the aforementioned incentive plans, a choice that was originally publicised on 11 November 2024. The corporation’s remaining shares, post-transfer, total a hefty 216,184,658.

Creating new profit-making possibilities and avenues for scale, Nokia’s high-performance networks have made it a trusted name among service providers, enterprises and global partners. Its tenacious promise of delivering secure, reliable and sustainable networks, existing and yet to be created, to develop the digital services and applications of the future has only strengthened its industry position.