ESPOO – Nokia Oyj (HEL:HE:NOKIA) has repurchased a tranche of its own shares on January 22, 2025, as part of an ongoing buyback program designed to mitigate the dilutive effect of shares issued to Infinera (NASDAQ:INFN) Corporation shareholders and certain stock-based incentives. The company acquired a total of 872,093 shares at a weighted average price of €4.45 per share, amounting to a total cost of €3,881,686.
This buyback initiative, announced on November 22, 2024, is being executed under the authorization granted by Nokia's Annual General Meeting on April 3, 2024, in accordance with the Market Abuse Regulation (EU) 596/2014 (MAR), and the Commission Delegated Regulation (EU) 2016/1052. The program began on November 25, 2024, and is set to conclude by December 31, 2025, with a goal to repurchase 150 million shares using a maximum of €900 million.
Following the recent transactions, Nokia's treasury now holds 229,966,303 of its own shares. Detailed information about the individual buybacks is attached to the press release statement.
Nokia, a leader in B2B technology and innovation, is known for pioneering future-oriented network solutions that are perceptive, cognitive, and intelligent. The company's leadership is rooted in its expertise in fixed, mobile, and cloud service networks, with value creation through intellectual property rights and long-term research and development led by the award-winning Nokia Bell Labs. Nokia's efficient network solutions, based on open architecture, integrate seamlessly into various ecosystems, enabling new opportunities for network commercialization and scale.
The company's partners, including service providers, enterprises, and others worldwide, rely on Nokia's network performance, responsibility, and security standards. Together with its partners, Nokia works to develop future digital services and applications. This information is based on a press release statement.
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