Nokia 2014 Annual Report Download - page 121

119
General facts
NOKIA IN 2014
Based on information known to us as of March 18, 2015, at October 24, 2014 Blackrock, Inc. benecially owned 187 784 314 Nokia shares or
convertible bonds combined, which at that time corresponded to approximately 5.01% of the total number of shares and voting rights of Nokia.
Based on information known to us as of March 18, 2015, at February 26, 2015, Dodge & Cox benecially owned 184 510 814 Nokia shares or
ADRs combined, which at that time corresponded to approximately 5.02% of the total number of shares and voting rights of Nokia.
As far as we know, Nokia is not directly or indirectly owned or controlled by any other corporation or any government, and there are no
arrangements that may result in a change of control of Nokia.
Shares and stock options owned by the members of the Board of Directors and the Nokia Group Leadership Team
Members of the Board and the Nokia Group Leadership Team owned on December 31, 2014 an aggregate of 1 611 713 shares which
represented approximately 0.04% of the aggregate number of shares and voting rights. They also owned stock options which, if exercised in full,
including both exercisable and unexercisable stock options, would be exercisable for an additional 910 000 shares representing approximately
0.02% of the total number of shares and voting rights at December 31, 2014.
Authorizations
Authorizations to issue shares and special rights entitling to shares
At the Annual General Meeting held on June 17, 2014 Nokia shareholders authorized the Board to issue a maximum of 740 million shares
through one or more issues of shares or special rights entitling to shares. The Board may issue either new shares or shares held by the
Company. The authorization includes the right for the Board to resolve on all the terms and conditions of such issuances of shares and
specialrights entitling to shares, including issuance in deviation from the shareholders’ pre-emptive rights. The authorization may be used to
develop the Company’s capital structure, diversify the shareholder base, nance or carry out acquisitions or other arrangements, settle the
Company’s equity-based incentive plans, or for other purposes resolved by the Board. The authorization is eective until December 17, 2015.
At December 31, 2014 the Board had no other authorizations to issue shares, convertible bonds, warrants or stock options.
Authorization to repurchase shares
At the Annual General Meeting held on June 17, 2014 Nokia shareholders authorized the Board to repurchase a maximum of 370 million
Nokiashares. The amount corresponds to less than 10% of the total number of Company’s shares. The shares may be repurchased in order
todevelop the capital structure of the Company and they were expected to be cancelled. In addition, shares may be repurchased in order to
nance or carry out acquisitions or other arrangements, to settle the Company’s equity-based incentive plans or to be transferred for other
purposes. The authorization is eective until December 17, 2015.
Period
Total number of
shares purchased
Average euro price
paid per share
Total number of shares
purchased as part of
publicly announced plans
or programs(1)
Maximum value
of shares that may yet
be purchased under the
plans or programs, EUR
January – – – –
February – – – –
March – – – –
April – – – –
May – – – –
June – – – –
July 28-31 3 293 157 6.07 3 293 157 1 230 000 015
August 1-29 17 540 685 5.99 17 540 685 1 125 013 500
September 1-26 15 189 798 6.58 15 189 798 1 025 020 757
October 27-31 3 692 555 6.62 3 692 555 1 000 587 415
November 3-28 14 746 614 6.50 14 746 614 904 671 469
December 1-23 12 440 873 6.54 12 440 873 823 273 540
Total 66 903 682 6.38 66 903 682
(1) EUR 1.25 billion share repurchase program announced in conjunction with the capital structure optimization program.