25th Apr 2014 14:36
Nokia / Miscellaneous 25.04.2014 14:35 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 releaseApril 25, 2014 at 15:35 (CET +1) Espoo, Finland - Nokia announces that the potential holdings by Microsoft inNokia have decreased below 5% as a result of the redemption of convertiblebonds at the closing of the sale of substantially all of Nokia's Devices &Services business to Microsoft. Nokia has on April 25, 2014 received flagging notification in accordance withChapter 9, Section 5 of the Finnish Securities Markets Act from MicrosoftCorporation, Microsoft Asia Island Limited and Microsoft Mobile Oy. Theholdings notified relate to EUR 1.5 billion financing in the form of threeconvertible bonds ('Bonds') issued by Nokia and subscribed for by Microsoft onSeptember 2013. The conversion of the Bonds would have resulted in theacquisition of Nokia shares and related voting rights. If all the Bonds hadbeen converted into shares of Nokia this arrangement could have led tobondholder's holdings in Nokia to be altogether 367 524 324 shares and votingrights, representing 8.9 % of all the shares and voting rights in Nokia ascalculated based on current amount of shares added with shares from conversionof the Bonds. Microsoft Asia Island Limited and Microsoft Mobile Oy announced that MicrosoftAsia Island Limited's holdings in Nokia shares based on the Bonds havedecreased below 5% on April 24, 2014 after it assigned the Bonds to MicrosoftMobile Oy and, consequently, Microsoft Mobile Oy's holdings were raised above5%. In accordance with our agreement with Microsoft, the Bonds were redeemed atclosing of the sale of substantially all of Nokia's Devices & Services businessto Microsoft and the nominal value and accrued interest of the Bonds werenetted against the proceeds from the sale. Consequently, Microsoft Mobile Oy'sholdings in Nokia decreased below 5% at closing on April 25, 2014 as the bondswere redeemed. Microsoft Asia Island Limited (Tax ID: 34593) has its head office in Bermudaand is an indirectly wholly owned subsidiary of Microsoft Corporation (Tax ID:600413485). Microsoft Mobile Oy (Business ID: 2583660-5) has its head office in Finland isan indirectly wholly owned subsidiary of Microsoft Corporation (Tax ID:600413485). Microsoft Corporation (tax ID: 600413485) has its head office in the US. The current number of shares and voting rights in Nokia is 3 744 994 342. About NokiaNokia is a technology leader with three strong businesses: NSN, which offersnetwork infrastructure; HERE, which offers location-based services; andAdvanced Technologies, which is focused on advanced technology development andlicensing. http://company.nokia.com Media Enquiries: NokiaCommunicationsTel. +358 (0) 10 448 4900Email: [email protected] http://company.nokia.comNews Source: NASDAQ OMX 25.04.2014 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: 2012Time of Receipt: Apr 25, 2014 14:35:04 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.
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