Nokia applies for delisting from the Stockholm Stock Exchange
January 25, 2007 - Espoo, Finland - Nokia has decided to apply for the delisting of Nokia’s Swedish Depository Receipts (SDRs) from the Stockholm Stock Exchange, due to their decreased trading volumes.
The estimated final day of trading of Nokia SDRs on the Stockholm Stock Exchange is June 1, 2007. The SDRs will also be deregistered from the Swedish central securities depository (VPC), which is estimated to take place by the end of June 2007.
The holders of Nokia SDRs may retain their Nokia ownership by having their SDRs converted to Nokia ordinary shares and transferred to a custody account opened by the holder or to a Finnish book-entry account. The SDR holders will shortly receive written instructions on how the SDRs are converted to ordinary shares. These instructions will also be available at www.nokia.com/investors.
Nokia’s trading volumes on the Stockholm Stock Exchange have decreased significantly over the past few years and currently represent only a small percentage of the total global trading volumes of the Nokia share. In addition, the introduction of the OMX Nordic Exchange’s combined Nordic List has facilitated cross-border trading between Finland and Sweden, and it is therefore no longer efficient to maintain listings in both Helsinki and Stockholm.
In 2003 and 2004 Nokia delisted from the stock exchanges in London and Paris respectively. The delisting from the Stockholm Stock Exchange will further concentrate the trading of Nokia shares in liquid markets in Europe and elsewhere. The company’s shares will continue to be traded within the eurozone on the Helsinki Stock Exchange and the Frankfurt Stock Exchange, and in the United States on the New York Stock Exchange (NYSE).
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