Disqus
Nokia has decided to apply for the delisting of Nokia’s
Swedish Depository Receipts (SDRs) from the Stockholm Stock Exchange,
due to their decreased trading volumes.The estimated final day of trading of Nokia SDRs on the
Stockholm Stock Exchange is June 1, 2007. The SDRs will also be
deregistered from the Swedish central securities depository (VPC),
which is estimated to take place by the end of June 2007.The holders of Nokia SDRs may retain their Nokia ownership
by having their SDRs converted to Nokia ordinary shares and transferred
to a custody account opened by the holder or to a Finnish book-entry
account. The SDR holders will shortly receive written instructions on
how the SDRs are converted to ordinary shares. These instructions will
also be available at www.nokia.com/investors.Nokia’s trading volumes on the Stockholm Stock Exchange have
decreased significantly over the past few years and currently represent
only a small percentage of the total global trading volumes of the
Nokia share. In addition, the introduction of the OMX Nordic Exchange’s
combined Nordic List has facilitated cross-border trading between
Finland and Sweden, and it is therefore no longer efficient to maintain
listings in both Helsinki and Stockholm.In 2003 and 2004 Nokia delisted from the stock exchanges in
London and Paris respectively. The delisting from the Stockholm Stock
Exchange will further concentrate the trading of Nokia shares in liquid
markets in Europe and elsewhere. The company’s shares will continue to
be traded within the eurozone on the Helsinki Stock Exchange and the
Frankfurt Stock Exchange, and in the United States on the New York
Stock Exchange (NYSE).Source: Nokia PR
I wonder, where is Nokia stock traded at the largest volumes?
About The Author
Stefan Constantinescu
Stefan Constantinescu (@WhatTheBit on Twitter) has loved technology since as far back as he can remember. It started with computers, but in the past few years his passion has turned to mobile devices. As a mobile phone enthusiast who lives and breathes devices that connect to the internet, he knows he is not alone with this radical fascination of all things wireless. He is strongly opinionated and enjoys a good debate so leave comments in his posts and he’ll get back to you! Stefan began blogging as a hobby in the fall of 2006 and joined IntoMobile in the summer of 2007. Later he got a job at Nokia in March 2008, but as of June 2009 he has rejoined the IntoMobile team. He is currently based out of Helsinki, Finland.
