Nokia 2004 Annual Report Download - page 104

ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS
7.A Major Shareholders
No persons are known by Nokia to hold currently, or to have held during the past three years,
more than 5% of the voting securities of Nokia Corporation. As far as we know, Nokia is not
directly or indirectly owned or controlled by another corporation or by any government, and
there are no arrangements that may result in a change of control of Nokia.
As at December 31, 2004, 1 143 024 452 ADSs (equivalent to the same number of shares or
approximately 24.51% of the total outstanding shares) were outstanding and held of record by
21 456 registered holders in the United States. We are aware that many ADSs are held of record
by brokers and other nominees, and accordingly the above numbers are not necessarily
representative of the actual number of persons who are beneficial holders of ADSs or the number
of ADSs beneficially held by such persons. Based on information available from Automatic Data
Processing, Inc., or ADP, the number of beneficial owners of ADSs as at December 31, 2004 was
approximately 1.3 million.
As at December 31, 2004, there were approximately 142 095 holders of record of our shares. Of
these holders, around 619 had registered addresses in the United States and held a total of some
3 511 062 of our shares, approximately 0.08% of the total outstanding shares. In addition, certain
accounts of record with registered addresses other than in the United States hold our shares, in
whole or in part, beneficially for United States persons.
7.B Related Party Transactions
There have been no material transactions during the last three fiscal years to which any director,
executive officer or 5% shareholder, or any relative or spouse of any of them, was a party. There
is no significant outstanding indebtedness owed to Nokia by any director, executive officer or 5%
shareholder.
There are no material transactions with enterprises controlling, controlled by or under common
control with Nokia or associates of Nokia.
See Notes 32 and 33 to our consolidated financial statements included in Item 18 of this
Form 20-F.
7.C Interests of Experts and Counsel
Not applicable.
ITEM 8. FINANCIAL INFORMATION
8.A Consolidated Statements and Other Financial Information
8.A.1 See Item 18 for our audited consolidated financial statements.
8.A.2 See Item 18 for our audited consolidated financial statements, which cover the last three
financial years.
8.A.3 See page F-1 for the audit report of our accountants, entitled ‘‘Report of Independent
Auditors.’’
8.A.4 Not applicable.
8.A.5 Not applicable.
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