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Nokia sets a record and clarifies that it has no hidden secrets (dated 2023-06-07)

Summary

Exhibit 71 (Document 567-71) in Case 1:21-md-02989-CMA, entered on the FLSD docket June 7, 2023, is a three-page printout of a CE Noticias Financieras English article of January 27, 2021, headlined Nokia sets a record and clarifies that it has no hidden secrets. The article reports that NOK shares soared 47.8% in afternoon operations, the highest percentage gain in a day since trading began in February 1991, and that Nokia stated it has no knowledge of any undisclosed material corporate development that could explain the increase. It adds that trading volume reached 752.7 million shares against a full-day average of around 47.3 million, that the shares had been halted five times for volatility, and that Reddit activists also jumped on BlackBerry.

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Date
2023-06-07

Cite this document

“Nokia sets a record and clarifies that it has no hidden secrets.” Original at archive.org, dated 2023-06-07. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2023-06-07-covid-era-misc-26375a27-1/, SHA-256 26375a2754fc5bb05ab7220d9408c7e831d4d95edf6e9e60ca158dfcc3265763.

Full text

Case 1:21-md-02989-CMA Document 567-71 Entered on FLSD Docket 06/07/2023 Page 1 of 3




                                Exhibit 71
Case 1:21-md-02989-CMA Document 567-71 Entered on FLSD Docket 06/07/2023 Page 2 of 3



               Nokia sets a record and clarifies that it has no hidden secrets
                                                   CE Noticias Financieras English
                                                    January 27, 2021 Wednesday


 Copyright 2021 Content Engine, LLC.
 All Rights Reserved
 Copyright 2021 CE Noticias Financieras All Rights Reserved

 Length: 327 words

 Body


 Nokia Corp's shares soared upwards in very volatile and active operations on Wednesday and the Finland-based
 company clarified that"Nokia has no knowledge of any undisclosed material corporate development or material
 change in its business or issues that have not been publicly disclosed that could explain the recent increase in the
 market price or trading volume of its shares."


 NOK shares soared 47.8% in afternoon operations to a maximum of five years. That is the highest percentage
 gain in a day since it began trading in February 1991.


 The increase, of course, caught the attention of specialists for the lack of explanation, on a very particular day for
 the New York market, after a group of cyber-ists who clustered on the Reddit platform pushed a video game store
 that knew how to see the glory when the titles were bought in physical format and just announced that it closes its
 stores, so its actions were on the floor.
                 Mocking Wall Street: Reddit users jump actions               Actions

 In Nokia's case, the volume of trades soared to 752.7 million shares, well above the full-day average of around
 47.3 million shares.


 The company's shares had already been halted five times for volatility during afternoon operations, and they also
 stopped once for the news broadcast before the company commented on the movement of the shares.
  New York Stock Exchange

 Nokia shares were the second most active on the New York Stock Exchange, behind only 941.2 million shares
 traded on the AMC Entertainment Holding Inc.C of securities.


 AMC was part of a group of actions that moved strong and also included GameStop Corp's GME, whose value
 was triggered by the action of the cyber-ists of the Reddit platform.


 Nokia shares recovered 64.9% in the last three months, while the S&P; 500 SPX index, -2.58% has gained
 11.8%.
  Reddit

 Activists also jumped on BlackBerry. The group that promoted him is made up of more than two million people.
Case 1:21-md-02989-CMA Document 567-71 Entered on FLSD Docket 06/07/2023 Page 3 of 3
                         Nokia sets a record and clarifies that it has no hidden secrets


 Load-Date: January 28, 2021


   End of Document


File and source

File
gov.uscourts.flsd.590042.567.71.pdf
Size
68,059 bytes
SHA-256
26375a2754fc5bb05ab7220d9408c7e831d4d95edf6e9e60ca158dfcc3265763
Our copy
gov.uscourts.flsd.590042.567.71.pdf
Original
archive.org
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