Nokia agrees to acquire Alcatel-Lucent convertible bonds through a private transaction
May 12 2016 - 2:07PM
On May 12, 2016 Nokia agreed to acquire 72 994 133 of the EUR
688 425 000.00 Alcatel-Lucent bonds convertible into new
Alcatel-Lucent shares or exchangeable for existing Alcatel-Lucent
shares due on January 30, 2019 (the "2019 OCEANEs") and 19 943
533 of the EUR 460 289 979.90 Alcatel-Lucent bonds convertible into
new Alcatel-Lucent shares or exchangeable for existing
Alcatel-Lucent shares due on January 30, 2020 (the "2020 OCEANEs"
and, together with the 2019 OCEANEs, the "OCEANEs"). Nokia has
agreed to acquire the OCEANEs through a privately negotiated
transaction in consideration for an aggregate cash payment of EUR
418 949 438.33. The settlement of the transaction is
expected to occur on or around May 16, 2016.
Following this transaction Nokia is expected to own 94.64% of
the share capital and 94.57% of the voting rights of
Alcatel-Lucent, corresponding to 94.17% of the Alcatel-Lucent
shares on a fully diluted basis.
About Nokia Nokia is a global leader in the technologies
that connect people and things. Powered by the innovation of Bell
Labs and Nokia Technologies, the company is at the forefront of
creating and licensing the technologies that are increasingly at
the heart of our connected lives.
With state-of-the-art software, hardware and services for any
type of network, Nokia is uniquely positioned to help communication
service providers, governments, and large enterprises deliver on
the promise of 5G, the Cloud and the Internet of Things.
http://nokia.com
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
FORWARD-LOOKING STATEMENTS This stock exchange release
contains forward-looking statements that reflect Nokia's current
expectations and views of future events and developments. Some of
these forward-looking statements can be identified by terms and
phrases such as "would", "expected to" and similar expressions.
These forward-looking statements include statements relating to:
the settlement of the trade and Nokia's expected ownership of
Alcatel Lucent. 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. Risks and
uncertainties include: regulatory restrictions, fluctuations in
Alcatel Lucent's share capital and the impact on Nokia of any of
the foregoing risks or forward-looking statements, as well as other
risk factors listed from time to time in Nokia's filings with the
U.S. Securities and Exchange Commission (the "SEC").
The forward-looking statements should be read in conjunction
with the other cautionary statements that are included elsewhere,
including the Risk Factors section of Nokia's most recent annual
report on Form 20-F, reports furnished on Form 6-K, and any other
documents that Nokia has filed with the SEC. Any forward-looking
statements made in this stock exchange release are qualified in
their entirety by these cautionary statements, and there can be no
assurance that the actual results or developments anticipated by us
will be realized or, even if substantially realized, that they will
have the expected consequences to, or effects on, us or our
business or operations. Except as required by law, we undertake no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
HUG#2012377
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