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Nokia Corporation Stock Exchange Release 21 November 2024 at 22:45 EET Nokia completes the share buyback program launched in March Espoo, Finland - Nokia Corporation ("Nokia" or the "Company") has now completed the share buyback program announced on 18 March 2024 and upsized on 19 July 2024. Between 20 March 2024 and 21 November 2024, Nokia repurchased 157,646,220 of its own shares (FI0009000681) at an average price per share of approximately EUR 3.81. Nokia expects to cancel the acquired shares in December 2024. The repurchases under the share buyback program reduced the Company's unrestricted equity by EUR 600 million. Nokia Corporation now holds a total of 209,702,510 treasury shares. The repurchases were executed otherwise than in proportion to the existing shareholdings of Nokia's shareholders (directed repurchases) through public trading on the regulated market of Nasdaq Helsinki and selected multilateral trading facilities. About Nokia At Nokia, we create technology that helps the world act together. As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs. With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable, and sustainable networks today - and work with us to create the digital services and applications of the future. Inquiries: Nokia Communications Phone: +358 10 448 4900 Email: [email protected] Maria Vaismaa, Global Head of External Communications Nokia Investor Relations Phone: +358 40 803 4080 Email: [email protected]CRUCIAL PROJECT FOR DEVELOPERS Science and Technology Secretary Renato SolidumJr. (second from left) listens while Supervising Science Research Specialist Rhommel Grutas of Phivolcs (third from left) explains the Siesmic Hazard Atlas during its launching on Nov. 21. —Lyn Rillon MANILA, Philippines — In a bid to improve disaster mitigation in the country, a seismic hazard atlas was developed by the Philippine Institute of Volcanology and Seismology (Phivolcs) containing maps and other resources that will help determine the construction of earthquake-resilient buildings. Phivolcs unveiled last week the Seismic Hazard Atlas for the Design Earthquake of the Philippines, which featured seismic maps developed by the Department of Science and Technology (DOST) in the past years. “This atlas is a crucial resource for improving the safety and durability of buildings across the country, providing the scientific foundation for earthquake-resistant design practices,” read the press release by Phivolcs. READ: Marcos calls for updated flood hazard maps According to Phivolcs, the atlas includes “high-quality seismic hazard ground motion maps that will serve as a critical tool for structural design and urban planning in earthquake-prone areas.” These maps show areas in the country that have active fault lines and identify possible hazards in the construction of buildings. “When we want to really prepare the Philippines for its various natural hazards, we need to make sure that the location of our structures are in a less hazardous place, or for us to be able to make it resilient,” Science and Technology Secretary Renato Solidum Jr. said during the launching at the Phivolcs office in Quezon City. In particular, the maps “will provide engineers, urban planners and other professionals with the data needed to make informed decisions for seismic design and analysis,” Phivolcs Director Teresito Bacolcol said. One such feature is the first Transition Long-Period Map of the Philippines, which aims to help engineers assess the impact of long-period ground motions on buildings, particularly high-rises. “Some results show that [building] designs should be lower in certain areas. So there are areas that should be lower, there are areas that should be higher,” Solidum said. “But in summary, we are providing the engineering and science data to provide for a more appropriate building design,” he added. “The successful development of the Seismic Hazard Atlas for Design Earthquakes in the Philippines marks a significant milestone in our ongoing efforts to enhance disaster risk mitigation across the nation, making us at par or at the same level as other advanced countries,” Solidum said. Subscribe to our daily newsletter By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . The project was implemented by Phivolcs with the support of DOST and its attached agency Philippine Council for Industry, Energy and Emerging Technology Research and Development, as well as the Association of Structural Engineers of the Philippines.
The election of Emmanuel Tjibaou as the new president of New Caledonia's main pro-independence party, the Union Calédonienne (UC), has triggered a whole range of political reactions, mostly favourable, some more cautious. Within the pro-independence camp, the two main moderate parties UPM (Progressist Union in Melanesia) and PALIKA (Kanak Liberation Party), have reacted favourably, although they have recently distanced themselves from UC. UPM leader Victor Tutugoro hailed Tjibaou's election while pointing out that it was "not easy", "given the difficult circumstances". "It's courageous of him to take this responsibility," he told public broadcaster NC la 1ère . "He is a man of dialogue, a pragmatic man." PALIKA leader Jean-Pierre Djaïwé reacted in similar terms, saying Tjibaou "is well aware that the present situation is very difficult". Both PALIKA and UPM hoped the new UC leadership could have the potential to pave the way for a reconciliation between all members of the Kanak Socialist National Liberation Front (FLNKS), which has been experiencing profound differences for the past few years. On the pro-France (and therefore anti-independence) side, which is also divided, the moderate Calédonie Ensemble's Philippe Michel saw in this new leadership a "real generational change" and noted that Tjibaou's "appeasing" style could build new bridges between opposing sides of New Caledonia's political spectrum. "We'll have to leave him some time to put his mark on UC's operating mode,"Michel said. "We all have to find our way back towards an agreement." Over the past two years, attempts from France to have all parties reach an agreement that could potentially produce a document to succeed the 1998 Nouméa autonomy Accord have failed, partly because of UC's refusal to attend discussions involving all parties around the same table. Pro-France Rassemblement-LR President Alcide Ponga said it's a big responsibility Tjibaou has on his shoulders in the coming months. "Because we have these negotiations coming on how to exit the Nouméa Accord. "I think it's good that everyone comes back to the table; this is something New Caledonians are expecting." Gil Brial, vice-president of a more radical pro-France Les Loyalistes, had a "wait and see" approach. "We're waiting now to see what motions UC has endorsed," he said. "Because if it's returning to negotiations with only one goal, of accessing independence, despite three referendums which rejected independence, it won't make things any simpler." Brial said he was well aware that UC's newly-elected political bureau now included about half of "moderate" members, and the rest remained more radical. "We want to see which of these trends will take the lead, who will act as negotiators and for what goal." UC has yet to publish the exact content of the motions adopted by its militants following its weekend Congress. Les Loyalistes leader and Southern province President Sonia Backès also reacted to Tjibaou's election, saying this was "expected". Writing on social media, she expressed the hope that under its new leadership, UC would now "constructively return to the negotiating table". She said her party's approach was "wait and see, without any naivety". Tjibaou's first post-election comments Tjibaou told journalists: "Now we have to pull up our sleeves and also shed some light on what has transpired since the 13 May (insurrectional riots)." He also placed a high priority on the upcoming political talks on New Caledonia's institutional and political future. "We still need to map out a framework and scope - what negotiations, what framework, what contents for this new agreement everyone is calling for. "What we'll be looking for is an agreement towards full emancipation and sovereignty. Based on this, we'll have to build." He elaborated on Monday by defining UC's pro-independence intentions as "a basket of negotiations". He, like his predecessor Daniel Goa, also placed a strong emphasis on the need for UC to take stock of past shortcomings (especially in relation to the younger generations) in order to "transform and move forward". Asked about his perception of the role a UC-created "field action coordinating cell" (CCAT) has played in the May riots, Tjibaou said this remained "an important tool, especially to mobilise our militants on the ground". "But (CCAT) objectives have to be well-defined at all times. "There is no political motion from UC that condones violence as a means to reach our goals. "If abuses have been committed, justice will take its course." At its latest Congress in August 2024 (which both UPM and PALIKA decided not to attend), FLNKS appointed CCAT leader Christian Téin as its new President. Téin is in jail in Mulhouse in the north-east of France, following his arrest in June and pending his trial. In the newly-elected UC political bureau, the UC's Congress, which was held in the small village of Mia (near Canala, East Coast of the main island of Grande Terre) has maintained Téin as the party's "Commissar-General". Tjibaou was the only candidate for the president's position. His election on Sunday comes as UC's former leader, Daniel Goa, 71, announced last week he did not intend to seek another mandate, partly for health reasons, after leading the party for the past 12 years. Goa told militants this was a "heavy burden" his successor will now have to carry. He also said there was a need to work on political awareness and training for the younger generations. He said the youths' heavy involvement in the recent riots, not necessarily within the UC's political framework, was partly caused by "all these years during which we did not train (UC) political commissioners" on the ground. He told local media at the weekend this has been "completely neglected", saying this was his mea culpa. After the riots started, there was a perception that calls for calm coming from UC and other political parties were no longer heeded and that, somehow, the whole insurrection had gotten out of control. The 48 year old Tjibaou was also elected earlier this year as one of New Caledonia's two representatives to the French National Assembly (Lower House).
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