Business Context and Reporting Period
This Form 6-K filing by Nokia Corporation, dated November 25, 2025, reports on the approval of the delisting of its shares from the regulated market of Euronext Paris. The delisting is anticipated to take effect on December 31, 2025. Nokia remains listed on Nasdaq Helsinki and the New York Stock Exchange (via American Depositary Receipts).
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a stock exchange release regarding corporate governance and listing status rather than a financial performance report.
Material Changes
The primary material change is the removal of Nokia's listing from Euronext Paris, a decision made following a review of trading volumes, costs, and administrative requirements. The listing was originally established in April 2015 during the Alcatel-Lucent acquisition. The delisting will not impact Nokia's day-to-day operations in France or its other global listings.
Guidance, Outlook, and Unusual Items
Voluntary Sales Facility: A voluntary sales facility will be established to allow shareholders holding Nokia shares on Euronext Paris to sell their holdings.
- Procedure: Shareholders must deliver shares to Société Générale between December 2, 2025, and December 15, 2025.
- Execution: Shares will be sold on Nasdaq Helsinki starting January 2, 2026, at prevailing market prices.
- Costs: Nokia will cover centralization and brokerage fees for this facility.
- Risks: No guarantee is provided regarding the sale price. Shareholders face market price risk between the delivery date and the receipt of funds.
Forward-Looking Statements: The filing includes standard disclaimers regarding risks related to strategies, global pandemics, geopolitical conflicts, macroeconomic conditions, and financial performance targets, referencing the 2024 Annual Report on Form 20-F for detailed risk factors.
Key Facts for Investor Verification
- Confirm the final delisting date of December 31, 2025, and the last trading day on Euronext Paris (December 30, 2025).
- Verify the specific custody arrangements and terms applied by financial intermediaries for shares not participating in the voluntary sales facility.
- Review the FAQ to be published on Nokia's website for detailed procedural instructions.
- Consult financial, tax, and legal advisors regarding the implications of the delisting and the voluntary sales facility.