Press Release: Changes in Nokia Corporation’s own shares
Not sure what this means exactly, but Nokia has a press release briefly mentioning changes in Nokia’s own shares.
Nokia Corporation
Stock exchange release
July 18, 2012 at 14.05 (CET +1)Espoo, Finland – Based on previously announced decisions of the Board of Directors to issue shares held by the Company, 9243 Nokia shares (NOK1V) held by the Company were today transferred to participants of Nokia’s equity-based incentive plans as settlement in accordance with the plan rules
Category: Nokia
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Employees get their equity. Business as usual, certain routine things require a press release by law, but it’s really not worth mentioning.
Exactly…
Yes, most probably.
On the other hand the amount is _really_ low. Maybe a few employees are involved only…
I guess it’s some sort of exemplary punishment to shame lazy inept workers.
Moving company shares to incentive plan participants as a punishment? Even at the low stock price don’t quite see your logic.
Well, Nokia’s financial results haven’t been exactly been stellar lately. Maybe the rules showed only very meager payouts.
At current share price maybe an old bar bill of OPK and Anssi needed paying or Mr Elop’s bodyguards sent in their bill. #feelingdownthebackofsofaforsparecash
You are right, like written here:
http://www.wirtschaftsblatt.at/home/boerse/binternational/nokia-kuerzt-ausgabe-der-mitarbeiter-aktien-drastisch-526114/index.do (sorry, german)
The biggest “issue” is that the 4.500 employees who are in the stock program get only 9.243 shares in sum.
Last year it was 126.000 in sum.
And this one day before Nokia is presenting the Q2 numbers…
So bad times right now… But I think, everyone (or let’s say: me) is waiting for the WP8 phones and is not buying any phone right now.
And after Nokia announced that there are no WP8 updates for existing Lumias, who should buy one of them now?
I wait and I hope that Nokia is getting better end of the year.
“The money was only ‘resting’ in my account,” etc.
i think nokia has until mid 2013 to issue 740m shares,
plenty more incentives to give out,
Elop should not be paid in cash/salary. He should be issued/given Nokia shares for his services as a result of destroying Nokia. NOK is currently $1.69 USD thanks to Elop.
this is not a good news, that means nokia will be unable to pay their employers also after some time.
…..what are you talking about?
Lol. Every company does this. Nothing here to see, move on.
This is obviously true.
Elop has introduced to Nokia a fresh air to remove a smell of old, that is true. New approach, methods, cut some Nokia’s nonsenses etc. Has made something, fresh air. But seems it was to cold air, and now Nokia got not a cold or a grip only, but quite a serious pneumonia. Antibiotics are necessary. The temperature is measured in stock price. The lower price, the higher temperature is. Get better or die hard in pain. Trash papers are nothing interesting.
Getting ready to be….sold?…officially?