Summary by Moomoo AI
Nokia Oyj has responded to the U.S. Securities and Exchange Commission (SEC) regarding comments on its 2022 Form 20-F filed on March 2, 2023. The SEC's letter, dated December 12, 2023, addressed to Nokia's CFO Marco Wiren, raised questions about Nokia's financial measures and sustainability-linked notes. Nokia has agreed to revise its Free Cash Flow definition in future filings to align with SEC guidance, removing certain proceeds and purchases from its calculation. The company will also clarify the purpose of Free Cash Flow in its Form 20-F for the year 2023. Regarding the EUR 500 million sustainability-linked notes issued on February 21, 2023, Nokia has disclosed the key sustainability performance indicators (KPIs) related to the notes, which are tied to the company's...Show More