Nokia’s Board of Directors has approved a directed issuance of up to 28,651,000 Nokia shares, originating from a new share issue dated 4 October, 2023. This issuance aims to fulfil Nokia’s commitments under its Long-Term Incentive Plan for 2021–2023, the Employee Share Purchase Plan, and additional equity-based incentive programmes.
These shares are set to be delivered to eligible employees in 2025 as part of these programmes, and will be issued without consideration. Nokia will also issue separate stock exchange releases to announce each delivery of shares.
This decision by the Board follows the authorisation granted during Nokia’s Annual General Meeting on 3 April, 2024.
By committing these shares to eligible employees at no additional cost, Nokia demonstrates its focus on fostering a motivated, invested workforce, while aligning employee interests with the company’s growth goals.
Equity incentives are a powerful tool for talent retention and attraction. As the global market for tech talent grows increasingly competitive, companies are seeking creative ways to attract top-tier professionals and keep their existing teams intact. Nokia’s equity-based plans will allow it to stay competitive in the technology space by offering rewards beyond salary, reinforcing its reputation as an employer that values its people.
Nokia is at the forefront of technological innovation in B2B communications, driving advancements in mobile, fixed, and cloud networks. With a focus on creating networks that sense, think, and act, the company continues to push boundaries in network capabilities.
Nokia Bell Labs, its research division, underpins this progress with pioneering, award-winning work, further strengthening Nokia’s intellectual property and commitment to helping the world act together through cutting-edge technology.
