Preliminary results of the subsequent offer period of Nokia Solutions and Networks' tender offer for all the shares and option rights of Comptel
Nokia Corporation
Stock Exchange Release
April 20, 2017 at 14:00 (CET +1)
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA OR HONG KONG OR IN ANY OTHER
JURISDICTION IN WHICH THE TENDER OFFER WOULD BE PROHIBITED BY APPLICABLE LAW.
Preliminary results of the subsequent offer period of Nokia Solutions and Networks' tender offer for all the shares and option rights of Comptel
Espoo, Finland - The subsequent offer period (the "Subsequent Offer Period") under the recommended public cash tender offer by Nokia Solutions and
Networks Oy (the "Offeror"), a wholly-owned indirect subsidiary of Nokia Corporation, to purchase all of the issued and outstanding shares and option rights in Comptel
Corporation ("Comptel") that are not owned by Comptel or any of its subsidiaries (the "Tender Offer") commenced on April 4, 2017 and expired on April 19,
2017.
According to the preliminary results of the Subsequent Offer Period, the shares tendered during the Subsequent Offer Period represent approximately 3.96% of all the shares and votes in Comptel
(excluding the treasury shares held by Comptel). Together with the shares tendered during the actual offer period and otherwise acquired by the Offeror through market purchases, the shares acquired
by the Offeror in connection with the Tender Offer represent approximately 96.88% of all the shares and votes in Comptel (excluding the treasury shares held by Comptel). In addition, approximately
7.09% of Comptel's 2014 option rights have been tendered during the Subsequent Offer Period.
The Offeror will confirm and announce the final results of the Subsequent Offer Period and the final outcome of the Tender Offer after the Subsequent Offer Period on or about April 24, 2017. The
offer consideration for the shares and option rights validly tendered during the Subsequent Offer Period will be paid to the shareholders and holders of option rights on or about April 27, 2017 in
accordance with the payment procedures described in the terms and conditions of the Tender Offer. Furthermore, the Offeror has on April 7, 2017 filed an application with the Redemption Committee of
the Finland Chamber of Commerce to initiate compulsory redemption proceedings for the remaining Comptel shares under the Finnish Limited Liability Companies Act.