Nokia 2005 Annual Report Download - page 118
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defendants, Olli-Pekka Kallasvuo and Anssi Vanjoki, in addition to the four individual defendants
named in the initial complaint. The Consolidated Complaint alleges principally that Nokia’s positive
statements about its product portfolio and the projections based thereon were false and
misleading because Nokia knew that there were substantial weaknesses in the product portfolio.
The Consolidated Complaint also alleges that Nokia employed accounting and inventory techniques
that were allegedly used to improperly manipulate sales figures. Nokia does not believe that the
lead plaintiff’s claims have merit and intends to vigorously defend itself.
Based upon the information currently available, management does not expect the resolution of
any of the matters discussed above to have a material adverse effect on our financial condition or
results of operations.
We are also party to routine litigation incidental to the normal conduct of our business. Based
upon the information currently available, our management does not believe that liabilities related
to these proceedings, in the aggregate, are likely to be material to our financial condition or
results of operations.
8.A.8 See ‘‘Item 3.A Selected Financial Data—Distribution of Earnings’’ for a discussion of our
dividend policy.
8.B Significant Changes
No significant changes have occurred since the date of our consolidated financial statements
included in this annual report on Form 20-F. See ‘‘Item 5.A Operating Results—Overview’’ for
information on material trends affecting our business and results of operations.
ITEM 9. THE OFFER AND LISTING
9.A Offer and Listing Details
Our capital consists of shares traded on the Helsinki Stock Exchange under the symbol ‘‘NOK1V.’’
American Depositary Shares, or ADSs, each representing one of our shares are traded on the New
York Stock Exchange under the symbol ‘‘NOK.’’ The ADSs are evidenced by American Depositary
Receipts, or ADRs, issued by Citibank, N.A., as Depositary under the Amended and Restated Deposit
Agreement dated as of March 28, 2000 (as amended), among Nokia, Citibank, N.A. and registered
holders from time to time of ADRs. ADSs were first issued in July 1994.
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