ESPOO - Nokia Oyj (HE:NOKIA) has today transferred 3,485,335 of its own shares without consideration to participants of its stock-based incentive programs, in accordance with the terms of those programs. The transfer is based on the decision made by the company's board on November 11, 2024, to distribute held shares to fulfill the commitments under these programs. Following the transfer, Nokia holds 229,094,210 of its own shares.
The incentive programs are designed to align the interests of the participating employees with those of Nokia's shareholders and to promote company performance. These programs are part of Nokia's broader strategy to invest in employee retention and motivation, ensuring that key talents are incentivized to contribute to the company's success.
Nokia, a leader in B2B technology and innovation, continues to pioneer future sensing, thinking, and intelligent network solutions. The company's leadership is grounded in its expertise across fixed, mobile, and cloud service networks. Nokia creates value through intellectual property rights and sustained research and development efforts led by the award-winning Nokia Bell Labs.
The company's efficient network solutions, based on open architecture, integrate seamlessly into various ecosystems, offering new opportunities for network commercialization and scalability. Service providers, enterprises, and other partners worldwide rely on the performance, responsibility, and security standards of Nokia's networks. Nokia works in collaboration with its partners to develop future digital services and applications.
This share distribution is part of Nokia's commitment to its employees and its focus on long-term research and development. The company's actions reflect its dedication to maintaining a competitive edge in the technology sector and fostering innovation through strategic incentive initiatives.
The information about this transaction is based on a press release statement.
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