Summary by Moomoo AI
On January 25, 2024, Nokia Corporation announced the approval of two new equity programs by its Board of Directors: the Nokia Long-Term Incentive Plan (LTI) 2024–2026 and the Employee Share Purchase Plan (ESPP) 2024–2026. The LTI Plan aims to retain and reward Nokia's top talent by granting performance and restricted shares to eligible executives and employees, with the potential to issue up to 350 million shares under the plan. The ESPP encourages employees to purchase Nokia shares, offering one matching share for every two purchased, with a cap of 45 million shares for the plan period. Both plans are designed to align employee interests with those of shareholders and support Nokia's long-term business strategy. The dilution effect of these plans, combined with existing equity programs, is capped at 5% of Nokia's total number of shares, excluding treasury shares. Nokia, a leader in B2B technology innovation, continues to focus on creating secure, reliable, and sustainable networks.