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ESPOO – Nokia Oyj (HE:NOKIA) (LEI: 549300A0JPRWG1KI7U06) announced today that it has continued its share repurchase initiative, acquiring a total of 3,793,803 of its own shares on March 4, 2025. The average weighted price per share stood at €4.76, with the total cost for the day’s purchases amounting to €18,043,327.
This move is part of a larger buyback program that Nokia’s Board of Directors initiated on November 22, 2024, to mitigate the dilutive effect of shares issued to Infinera (NASDAQ:INFN) Corporation shareholders and certain stock-based incentives related to Infinera Corporation. The program, which aligns with the Market Abuse Regulation (EU) 596/2014 (MAR) and the European Commission’s delegated regulation (EU) 2016/1052, as well as the authorization granted by Nokia’s Annual General Meeting on April 3, 2024, commenced on November 25, 2024, and is set to conclude by December 31, 2025.
Nokia’s objective with this program is to repurchase up to 150 million shares, allocating a maximum total of €900 million for the buybacks. Following the latest transaction, Nokia now holds 142,405,206 of its own shares.
The company, a leader in B2B technology and innovation, is known for pioneering future-oriented, intelligent network solutions, with a strong foundation in fixed, mobile, and cloud network services. Nokia has been a frontrunner in creating value through intellectual property rights and has been recognized for its extensive research and development efforts led by the award-winning Nokia Bell Labs for over a century.
This information is based on a press release statement. The details of the share acquisitions have been provided in an attachment to the release.
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