Conversion of Nokia Corporation's EUR 750 million convertible bond into Nokia shares

ESPOO, Finland, Nov. 11, 2015 (GLOBE NEWSWIRE) -- A total of 275 899 571 new Nokia shares have today been registered with the Trade Register. The shares were subscribed for by using the conversion right pertaining to Nokia's EUR 750 million convertible bond. The conversion amount, EUR 659 400 000, is recorded into the fund for invested non-restricted equity, hence, the share capital of the company will not increase.

The total number of Nokia shares after registration of the shares with the Trade Register is 3 954 650 462. Each share carries one vote.

The new shares will carry the shareholder rights under Finnish law as of the date of registration on November 11, 2015. The shares can commence trading in Nasdaq Helsinki together with other Nokia shares (NOKIA) as of November 11, 2015.

After today's registration the outstanding nominal value of the bonds, EUR 90 400 000, is convertible into maximum of 37 824 267 new Nokia shares. On October 8, 2015 Nokia sent a redemption notice to the holders of the convertible bond announcing that all the outstanding bonds will be redeemed and investors can convert bonds into Nokia shares until close of business in London on November 17, 2015. On November 26, 2015 all the outstanding bonds will be redeemed at their principal amount plus accrued but unpaid interest.

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Source: NOKIA