ESPOO, Finland, Aug. 5, 2015 (GLOBE NEWSWIRE) -- Nokia today announced that it is changing its stock symbol (trading code) on Nasdaq Helsinki to NOKIA, effective at the start of trading on Monday, August 10, 2015. The previous stock symbol for Nokia's shares on Nasdaq Helsinki was NOK1V. Nokia will also change its trading code for its New Shares 2015 from NOK1VM0115 to NOKIAM0115 on Nasdaq Helsinki's INET trading system. Nokia's American Depository Shares will continue to trade on the New York Stock Exchange under the stock symbol NOK.
This stock symbol change recognizes Nokia's 150th anniversary in 2015. After trading on the Helsinki Stock Exchange for 100 years, we are pleased to change the stock symbol to NOKIA as we celebrate our remarkable history and continue to transform the company to realize the potential of the Programmable World.
The Nokia of today is the result of two major transformations carried out in recent years: the purchase of Siemens' share of what was then Nokia Siemens Networks in 2013, followed by the sale of substantially all of the Devices & Services business to Microsoft in 2014.
What has emerged is a strong, global technology company focused on a world where almost all people and billions of devices - 50 billion or more by 2025 - are connected. It is from this foundation of strength that Nokia has taken the next steps in its transformation process. On April 15, 2015, Nokia announced the proposed combination with Alcatel-Lucent to create an innovation leader in next generation technology and services for an IP connected world. This was followed by Nokia's announcement on August 3, 2015, of the proposed sale of its HERE business to an automotive industry consortium. Going forward, Nokia will focus on completing the planned combination with Alcatel-Lucent and developing its industry-leading Networks business and licensing and innovation engine Nokia Technologies.
By focusing on the human possibilities of technology, Nokia embraces the connected world to help people thrive. Our three businesses are leaders in their fields: Nokia Networks provides broadband infrastructure, software and services; HERE provides mapping, navigation and location intelligence; and Nokia Technologies provides advanced technology development and licensing. http://www.nokia.com
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This stock exchange release contains forward-looking statements, such as statements that relate to the potential combination involving Alcatel-Lucent, Nokia's future financial expectations, and the potential transaction involving our HERE business. Some of these forward-looking statements can be identified by terms and phrases such as "believe," "would," "will," "may" and similar expressions. These statements are based on current decisions and plans and currently known factors. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from such statements. Risks and uncertainties include: the impact of the potential combination involving Alcatel-Lucent; the impact of the potential transaction involving HERE; the performance of the global economy; the receipt of regulatory approval for the HERE and Alcatel-Lucent transactions; the effect of changes in governmental regulations, as well as other risk factors listed from time to time in Nokia's and Alcatel-Lucent's filings with the U.S. Securities and Exchange Commission.