From GlobeNewswire:

The Nokia Board of Directors has approved the new Nokia Long-Term Incentive Plan 2024–2026 and Employee Share Purchase Plan 2024–2026. The Long-term Incentive Plan aims to recognize and reward the most talented employees, with awards to be granted until December 31, 2026. Under the Employee Share Purchase Plan, eligible employees may elect to make contributions from their monthly net salary to purchase Nokia shares. The dilution impact of Nokia’s outstanding equity programs would not exceed 5% of Nokia’s current total number of shares.

Additionally, Nokia seeks to create technology that helps the world act together, as a B2B technology innovation leader. The new share-based long-term incentive plan seeks to align the interests of employees and executives with those of Nokia’s shareholders. The potential maximum aggregate number of Nokia shares that may be issued based on awards granted under the LTI plan in 2024, 2025, and 2026 is 350 million shares. The purpose of the ESPP is to encourage share ownership within the Nokia employee population, increasing engagement and sense of ownership in the company.

For inquiries, Nokia Communications can be contacted at +358 10 448 4900 or via email at [email protected] and Nokia Investor Relations at +358 40 803 4080 or via email at [email protected]. Certain statements in the release that are not historical facts are forward-looking statements. These forward-looking statements are only predictions based upon Nokia’s current expectations and views of future events and developments and are subject to risks and uncertainties that are difficult to predict.Factors that could cause differences include those risks and uncertainties specified in the 2022 annual report on Form 20-F published on March 2, 2023 under Operating and financial review and prospects – Risk factors.



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