24th Mar 2014 06:30
Nokia / Miscellaneous 24.03.2014 07:30 Dissemination of a Regulatory Announcement, transmitted byDGAP - a company of EQS Group AG.The issuer is solely responsible for the content of this announcement.--------------------------------------------------------------------------- Nokia CorporationStock Exchange ReleaseMarch 24, 2014 at 08:30 (CET +1) Espoo, Finland - Nokia has received an exemption from the Finnish FinancialSupervisory Authority, in accordance with Chapter 7, Section 18 of the FinnishSecurities Markets Act, for the publication time stipulated in Chapter 7,Section 5 of the Act. Nokia has been allowed to postpone the publication of itsfinancial statements and Board's annual review for the year 2013 until the endof April 2014. Nokia plans to publish the financial statements and Board'sreview in April 2014, during week 18, at the same time as it plans to file itsannual report on Form 20-F for 2013 with the US Securities and ExchangeCommission. Accordingly, Nokia provides below an updated financial calendar forthe rest of the year 2014. As announced earlier, Nokia's Board of Directors is conducting a strategyevaluation for Nokia Group between signing and closing of the transactionannounced on September 3, 2013 whereby Nokia will sell substantially all of itsDevices & Services business and license its patents to Microsoft. Thetransaction is expected to close in April 2014, subject to regulatory approvalsand other customary closing conditions. Nokia applied for the exemption mainly to enhance the possibility of being ableto reflect the closing of the transaction and the outcome of the strategyevaluation in the financial statements and Board's annual review for the year2013. Planned publication dates for interim reports- report for Q1 2014: April 29, 2014 - report for Q2 2014 and January-June 2014: July 24, 2014 - report for Q3 2014 and January-September 2014: October 23, 2014 Publication of 'Nokia in 2013' and Nokia Form 20-F 2013Nokia plans to publish its 'Nokia in 2013' annual report, which includes theaudited financial statements and the Board's annual review by the end of April2014 during week 18. Nokia plans to file its annual report on Form 20-F for 2013 with the USSecurities and Exchange Commission by the end of April 2014 during week 18. Nokia's Annual General MeetingNokia's Annual General Meeting 2014 is scheduled to be held on June 17, 2014.The Nokia Board of Directors will convene the meeting and publish the noticeand related proposals at a later date. FORWARD-LOOKING STATEMENTS It should be noted that Nokia and its business are exposed to various risks anduncertainties and certain statements herein that are not historical facts areforward-looking statements, including, without limitation, those regarding: A)the planned sale by Nokia of substantially all of Nokia's Devices & Servicesbusiness, including Smart Devices and Mobile Phones (referred to below as 'Saleof the D&S Business') pursuant to the Stock and Asset Purchase Agreement, datedas of September 2, 2013, between Nokia and Microsoft International HoldingsB.V.(referred to below as the 'Agreement'); B) the closing of the Sale of theD&S Business; C) receiving timely, if at all, necessary regulatory approvalsfor the Sale of the D&S Business; D) expectations, plans or benefits related toor caused by the Sale of the D&S Business; E) expectations, plans or benefitsrelated to Nokia's strategies, including plans for Nokia with respect to itscontinuing businesses that will not be divested in connection with the Sale ofthe D&S Business; F) expectations, plans or benefits related to changes inleadership and operational structure; G) expectations and targets regarding ouroperational priorities, financial performance or position, results ofoperations and use of proceeds from the Sale of the D&S Business; and H)statements preceded by 'believe,' 'expect,' 'anticipate,' 'foresee,' 'sees,''target,' 'estimate,' 'designed,' 'aim', 'plans,' 'intends,' 'focus,' 'will' orsimilar expressions. These statements are based on management's bestassumptions and beliefs in light of the information currently available to it.Because they involve risks and uncertainties, actual results may differmaterially from the results that we currently expect. Factors, including risksand uncertainties that could cause these differences include, but are notlimited to: 1) the inability to close the Sale of the D&S Business in a timelymanner, or at all, for instance due to the inability or delays in obtainingnecessary regulatory approvals for the Sale of the D&S Business, or theoccurrence of any event, change or other circumstance that could give rise tothe termination of the Agreement; 2) the potential adverse effect on the salesof our mobile devices, business relationships, operating results and businessgenerally resulting from the announcement of the Sale of the D&S Business orfrom the terms that we have agreed for the Sale of the D&S Business; 3) anynegative effect from the implementation of the Sale of the D&S Business, as wemay forego other competitive alternatives for strategies or partnerships thatwould benefit our Devices & Services business and if the Sale of the D&SBusiness is not closed, we may have limited options to continue the Devices &Services business or enter into another transaction on terms favorable to us,or at all; 4) our ability to effectively and smoothly implement planned changesto our leadership and operational structure or maintain an efficient interimgovernance structure and preserve or hire key personnel; 5) any negative effectfrom the implementation of the Sale of the D&S Business, including our internalreorganization in connection therewith, which will require significant time,attention and resources of our senior management and others within the companypotentially diverting their attention from other aspects of our business; 6)disruption and dissatisfaction among employees caused by the plans andimplementation of the Sale of the D&S Business reducing focus and productivityin areas of our business; 7) the amount of the costs, fees, expenses andcharges related to or triggered by the Sale of the D&S Business; 8) anyimpairments or charges to carrying values of assets or liabilities related toor triggered by the Sale of the D&S Business; 9) potential adverse effects onour business, properties or operations caused by us implementing the Sale ofthe D&S Business; 10) the initiation or outcome of any legal proceedings,regulatory proceedings or enforcement matters that may be instituted against usrelating to the Sale of the D&S Business, as well as the risk factors specifiedon pages 12-47 of Nokia's annual report on Form 20-F for the year endedDecember 31, 2012 under Item 3D. 'Risk Factors.' and risks outlined in ourfourth quarter and full year 2013 results report available for instance atwww.nokia.com/financials. Other unknown or unpredictable factors or underlyingassumptions subsequently proving to be incorrect could cause actual results todiffer materially from those in the forward-looking statements. Nokia does notundertake any obligation to publicly update or revise forward-lookingstatements, whether as a result of new information, future events or otherwise,except to the extent legally required. About NokiaNokia is a global leader in mobile communications whose products have become anintegral part of the lives of people around the world. Every day, more than 1.3billion people use their Nokia to capture and share experiences, accessinformation, find their way or simply to speak to one another. Nokia'stechnological and design innovations have made its brand one of the mostrecognized in the world. For more information, visithttp://www.nokia.com/about-nokia. Media Enquiries: NokiaCommunicationsTel. +358 7180 34900Email: [email protected] www.nokia.comNews Source: NASDAQ OMX 24.03.2014 DGAP's Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: EnglishCompany: Nokia FinlandPhone: Fax: E-mail: Internet: ISIN: FI0009000681Category Code: MSCTIDM: 0HAFSequence Number: 1951Time of Receipt: March 24, 2014 07:30:03 End of Announcement DGAP News-Service ---------------------------------------------------------------------------UK-Regulatory-announcement transmitted by DGAP - a company of EQS Group AG.The issuer is solely responsible for the content of this announcement.
Related Shares:
Nokia Ord