In Brief: Nokia transfers shares for share plan

Nokia will dispose and transfer a total of 1.01 million shares as part of a performance share plan for plan participants and Nokia.

The shares will be settled and disposed out of treasury shares held by the company as a result of the company reaching the predetermined financial criteria set for the interim measurement period from 2004 to 2005, Nokia said.

The performance share plan 2004 will continue until the end of 2007, and the resolution is based on the authorization granted by the annual general meeting held March 30.

Copyright 2006 by United Press International

Citation: In Brief: Nokia transfers shares for share plan (2006, April 21) retrieved 24 April 2024 from https://phys.org/news/2006-04-nokia.html
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