Nokia Corporation
Stock Exchange Release
January 5, 2016 at 09:25 (CET +1)
Final results of Nokias successful public exchange offer for Alcatel-Lucent securities: Nokia to hold nearly 80% of outstanding Alcatel-Lucent shares
Espoo, Finland - The French stock market authority, Autorit des March s Financiers (the AMF), today published the final results of the initial offer period of Nokias public exchange offer for Alcatel-Lucent securities in France and in the United States (the Offer).
2,052,812,101 outstanding Alcatel-Lucent ordinary shares, 264,183,778 American depositary shares, 206,784,349 OCEANE 2018 convertible bonds, 37,880,652 OCEANE 2019 convertible bonds, and 16,138,206 OCEANE 2020 convertible bonds have been tendered into the French and/or U.S. offers. As a consequence, Nokia should hold, following the settlement of the offer, 76.31% of the share capital and at least 76.01% of the voting rights of Alcatel Lucent, 89.14% of the OCEANEs 2018 outstanding, 24.34% of the OCEANEs 2019 outstanding, and 15.11% of the OCEANEs 2020 outstanding. This equates to Nokia holding 70.52% of the share capital on a fully diluted basis.
As announced on January 4, 2016, the minimum tender condition set at more than 50% of Alcatel-Lucents fully diluted share capital has been met and the Offer is successful.
Assuming conversion of the OCEANEs tendered into the Offer at the improved conversion ratio, Nokia would hold, following settlement of the Offer, 79.32% of the share capital and at least 78.97% of the voting rights of Alcatel-Lucent, as mentioned in the AMFs notice published today.
Nokia will accept today all the Alcatel-Lucent shares, OCEANE convertible bonds and ADSs validly tendered into the Offer. The newly issued Nokia shares will be delivered to the tendering Alcatel-Lucent securities holders and start trading on Nasdaq Helsinki, Euronext Paris and, for the Nokia ADSs, on the New York Stock Exchange on January 8, 2016. The first day as an operationally combined group will be January 14, 2016.
In accordance with Article 232-4 of the AMF General Regulation, the offers in France and in the U.S. will be reopened at the same exchange ratios within 10 French trading days. The AMF will publish the timetable of the reopened Offer. Nokia believes it is in the best interests of Alcatel-Lucent shareholders to tender their remaining securities, and invites the remaining Alcatel-Lucent securities holders to tender their shares, ADSs or OCEANE convertible bonds into the reopened Offer.
If Nokia reaches 95% ownership of the share capital and voting rights of Alcatel-Lucent, it intends to squeeze out the remaining shares. In addition, if Nokia reaches 95% ownership of Alcatel-Lucents fully diluted shares, it intends to squeeze-out the remaining OCEANE convertible bonds.
In addition, Nokia reserves the right, subject to applicable law to cause Alcatel Lucent to redeem at par value, plus, as applicable, accrued interest from the date the interest was last paid, to the date set for the early redemption all of the outstanding OCEANEs 2018, OCEANEs 2019 or OCEANEs 2020, if less than 15% of the issued OCEANEs of any such series remain outstanding.
About Nokia
By focusing on the human possibilities of technology, Nokia embraces the connected world to help people thrive. Our businesses are leaders in their respective fields: Nokia Networks provides broadband infrastructure, software and services; and Nokia Technologies provides advanced technology development and licensing. www.nokia.com
ENQUIRIES
Media Enquiries:
Nokia Communications
Tel. +358 (0) 10 448 4900
Email: press.services@nokia.com
Investor Enquiries:
Nokia Investor Relations
Tel. +358 4080 3 4080
Email: investor.relations@nokia.com
Microsite details
Further information on the transaction can be found at: www.newconnectivity.com
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION
FORWARD-LOOKING STATEMENTS
This stock exchange release contains forward-looking statements that reflect Nokias and Alcatel Lucents current expectations and views of future events and developments. Some of these forward-looking statements can be identified by terms and phrases such as believe, will, would and similar expressions. These forward-looking statements include statements relating to: the terms, opening and expected timeline of the reopened exchange offer; settlement and delivery of Alcatel Lucent securities, Nokias holdings in Alcatel Lucent following settlement, the combination of Alcatel Lucent and Nokia, and Nokias plans or intentions after the closing of the reopened offer. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from such statements. These forward-looking statements are based on our beliefs, assumptions and expectations of future performance, taking into account the information currently available to us. These statements are only predictions based upon our current expectations and views of future events and developments. Risks and uncertainties include: the ability of Nokia to integrate Alcatel Lucent into Nokia operations; the success of the reopened exchange offer and the implementation of the squeeze-out, if any;; and the impact on the combined company (after giving effect to the proposed transaction with Alcatel Lucent) of any of the foregoing risks or forward-looking statements, as well as other risk factors listed from time to time in Nokias and Alcatel Lucents filings with the U.S. Securities and Exchange Commission (SEC).
The forward-looking statements should be read in conjunction with the other cautionary statements that are included elsewhere,
Most recent headlines
09/12/2024
Dalet, a leading technology and service provider for media-rich organizations, today announced that it has been named an IDC Innovator in the IDC Innovators: ...
09/11/2024
Dalet, a leading technology and service provider for media-rich organizations, today announced three new members of its executive team. Tara Bryant joins as Chi...
09/10/2024
Adobe Introduces Adobe Content Authenticity Web App to Champion Creator Protecti...
09/10/2024
Telestream's New SPG9000 Adds Sophisticated Customization Options
Brie Clayton October 8, 2024
0 Comments
Access to the latest release of the SPG9...
09/10/2024
Facebook
Twitter
LinkedIn
This strategic collaboration includes a fully in...
08/10/2024
By Jessica Herndon
What does it take to move the needle through art? An origina...
08/10/2024
alt= class=wp-image-12952 style=width:800px;height:auto data-lazy-src=/wp-content/uploads/2024/10/Startup-header-960x540-1.jpg/> Ever feel like everyone's s...
08/10/2024
In March 2024, SGL Carbon informed the public that CEO, Dr. Torsten Derr, will n...
08/10/2024
Up to the moment the cameras rolled, cinematographer Matthias K nigswieser, AAC wasn't sure White Bird: A Wonder Story would actually happen. Production of ...
08/10/2024
Release integrates cloud-native capabilities and ST Engineering iDirect's pr...
08/10/2024
L3Harris' Cross-track Infrared Sounder (CrIS), is the world's most advan...
08/10/2024
L3Harris celebrated the completion of a new water resuse project, which will sav...
08/10/2024
From sub-orbital space to the black depths of the sea, L3Harris is equipped to support multi-domain defense capabilities. (Photo Credit: L3Harris)...
08/10/2024
In a 48-page report, the Center for Digital Democracy cast a critical eye on the rapidly growing connected TV industry, noting that with the rise of AI and ad-s...
08/10/2024
PRINCETON, N.J. Fred Engel, principal of Fred Engel Technology Consulting and an Advanced Television Systems Committee (ATSC) board member, has joined Triveni D...
08/10/2024
IRVING, Texas Nexstar Media Group has announced that its TV stations and media businesses across the country have helped raise close to $1.5 million to date fro...
08/10/2024
NEW YORK As the rollout of NextGen TV broadcasts hit a deployment milestone making them available in more than three out of four (76%) of U.S. households, Pearl...
08/10/2024
Ikegami announces its product lineup for NAB NY 2024. Launching on Ikegami booth 1027 will be the ultra-compact UHL-X40 4K-UHD/HD 3-CMOS camera. Also on show wi...
08/10/2024
Atlanta DTH (ADTH) announces a new addition to its range of compact broadcast television receivers. An affordable option designed to bring NextGen TV to existin...
08/10/2024
Vizrt, the leader in real-time graphics and live production solutions for content creators, announces today two of its cloud-ready video production switchers ...
08/10/2024
Ateliere Creative Technologies, a leading GenAI media software solutions company, today announced Sveriges Television's (SVT) groundbreaking use of Ateliere...
08/10/2024
Network technology startup Miri Technologies Inc. came out of stealth mode today with the launch of the Miri X510 dual-cellular bonding router. The innovative X...
08/10/2024
Win Sports, Colombia's leading sports broadcaster, has successfully deployed Appear's X Platform for the primary distribution of its Win Sports and Win+...
08/10/2024
That Was Us Podcast Recorded with Blackmagic Design Cameras and ATEM Mini Pro IS...
08/10/2024
Charlie Puth's Comedy Show Is a Silly, Star-Studded Satire of Reality TV All six episodes of The Charlie Puth Show are now streaming for free on The Roku ...
08/10/2024
The strategic acquisition aims to enable users to leverage emerging technologies to build and evolve modular workflows, from lens to edit and beyond, said Avid
...
08/10/2024
The role follows a reorganisation of NEP Groups European business structure
By Matthew Corrigan
Published: October 8, 2024
The role follows a reorganisat...
08/10/2024
Magewell has expanded the flexible control options for its Director Mini all-in-one production and streaming system even further with the introduction of a new ...
08/10/2024
Rohde & Schwarz transforms broadcast network operations with Remote Transmitter Monitoring service and the new energy efficient TE1 transmitter
Rohde & Schwarz...
08/10/2024
AES Show booth 529, Javits Center, New York, October 8th, 2024 Digital Audio Denmark has chosen AES New York 2024 as the launch venue for Control | Pack. Supp...
08/10/2024
LAS VEGAS Jason Land has joined PSSI Global Services in the newly created role of vice president of business development, the transmission services provider sai...
08/10/2024
LONDON Sports rights for televising NFL games remain by far the most costly of all U.S. sports rights, accounting for 44% of the entire sports broadcast rights ...
08/10/2024
WASHINGTON ACA Connects, the industry group representing smaller, independent cable operators, has offered its assistance to members prepping for the landfall o...
08/10/2024
NEW YORK NBCUniversal has launched a new content collection ExcellencE! on Peacock that will provide its streaming subscribers with a new destination for the co...
08/10/2024
Avid and Wolftech to Empower Digital-First, Story-Driven Newsroom Collaboration
Brie Clayton October 7, 2024
0 Comments
Broadcast technology leaders j...
08/10/2024
Magewell Unveils Stream Deck Plug-In for Director Mini Production and Streaming ...
08/10/2024
Krotos Introduces AI Ambience Generator in Krotos Studio: Create Custom Soundsca...
08/10/2024
Accelerated computing is sustainable computing, Bob Pette, NVIDIA's vice pre...
08/10/2024
Sommer cable announces new management team posted: 08/10/2024
Sommer cable GmbH is pleased to announce the succession in the management team. On October 1...
08/10/2024
The convergence of linear and digital media presents both opportunities and challenges for traditional TV and radio broadcasters. Robust linear and digital syst...
08/10/2024
Neil Morrissey and Martin Clunes are to reunite for factual entertainment series Neil & Martin's Bon Voyage (3x60') produced by Expectation for Gold, th...
08/10/2024
Warner Bros. Games Launches LEGO Harry Potter Collection for PlayStation 5, Xbox...
08/10/2024
SVG All-Stars: Jason Hedgcock, Senior Director, Remote Technical Operations, MLB...
08/10/2024
FOX Sports' Kyle Prunty on the Growth of FOX Sports' Home Run Producti...
08/10/2024
NHL Puck Drop 2024: NHL on TNT Skates Into Year 4 With New NEP Supershooter 63 o...
08/10/2024
Rohde & Schwarz highlights energy efficient TE1 Transmitter at NAB Show New York...
08/10/2024
Back to All News
Born for the Spotlight' Trailer Peels Back the Curtain on...
08/10/2024
Back to All News
Netflix Unveils the Official Trailer for The Last Night at Tre...
08/10/2024
Back to All News
One Hundred Years of Solitude Premieres December 11
Entertainment
08 October 2024
GlobalColombia
Link copied to clipboard
Download the te...
Nokia Corporation
