Nokia Board of Directors resolved on directed issuance under Nokia Equity Programs
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Nokia's Board of Directors has approved a directed issuance of up to 28,651,000 shares to fulfill commitments under its equity incentive plans. These shares will be distributed to eligible employees in 2025.
November 11, 2024 | 10:45 am
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Nokia is issuing up to 28.65 million shares to meet obligations under its equity incentive plans. This move is part of the company's strategy to reward employees and align their interests with shareholders.
The issuance of shares is a planned action to fulfill commitments under Nokia's equity incentive plans. While it increases the share count, it is a non-cash issuance and is part of a long-term strategy to incentivize employees. The impact on stock price is likely neutral in the short term as it is a planned and communicated action.
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