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ESPOO - Nokia Oyj (HEL:HE:NOKIA) continues its share repurchase initiative, acquiring 3.94 million shares at an average price of €4.99 on April 1, 2025. This transaction is part of the company’s effort to mitigate the dilutive effect of shares issued to Infinera (NASDAQ:INFN) Corporation shareholders and related stock-based incentives. The buyback program, compliant with the EU Market Abuse Regulation and authorized by Nokia’s Annual General Meeting on April 3, 2024, began on November 25, 2024, and is set to conclude by December 31, 2025.
The program aims to purchase up to 150 million shares, with a maximum expenditure of €900 million. The recent acquisition cost Nokia approximately €19.66 million, bringing its total owned shares to 217.5 million. The repurchase plan aligns with the company’s strategy of managing its capital structure and returning value to shareholders.
Nokia, a leader in B2B technology and innovation, has been at the forefront of developing intelligent network solutions for over a century. With a foundation in fixed, mobile, and cloud service networks, Nokia continues to integrate its robust network solutions into various ecosystems, fostering new commercial and scaling opportunities. Service providers, enterprises, and partners worldwide rely on Nokia’s network performance, responsibility, and security standards.
The information regarding the share repurchase is based on a press release statement from Nokia. The company, recognized for creating technology that connects the world, emphasizes collaboration with partners to develop future digital services and applications. The details of the transactions are included in the annex of the press release.
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