The Board of Directors of Nokia Corporation has resolved to increase the share capital of the Company by EUR 1,099,752.72, consisting of 18,329,212 new shares, and to transfer a total of 2,532,000 Nokia shares held by Nokia Corporation. Each share has a par value of EUR 0.06. Both the newly issued shares and the treasury shares are offered for the subscription by the stockholders of Amber Networks, and they are payable with the common stock issued by Amber Networks. The subscription price for the new shares and the treasury shares is EUR 20.7710 per share, and the subscription period is August 30, 2001. The subscriptions shall be paid no later than August 30, 2001. The shares are used to finance acquisition of Amber Networks, which purpose constitutes important financial grounds to deviate from the shareholders’ pre-emptive rights to subscribe for shares issued by Nokia. The increase of the share capital and the transfer of treasury shares were resolved on the basis of the authorizations given to the Board of Directors by the Annual General Meeting on March 21, 2001.
The total net acquisition price is USD 421 million payable in Nokia shares and Nokia stock options. The issuance of the stock options will not result in an increase of the share capital or the total number of shares.
SOURCE: COMPANY PRESS RELEASE
