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ESPOO - Nokia Oyj (HEL:HE:NOKIA), the Finnish telecommunications company, has announced the acquisition of 2,820,627 of its own shares on March 19, 2025, at a weighted average price of €4.94 per share. This transaction is part of a buyback program initiated by Nokia’s board to offset the dilutive effect of shares issued to Infinera (NASDAQ:INFN) Corporation shareholders and certain stock-based incentives related to the company.
The buyback program, which aligns with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission 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. It is set to conclude by December 31, 2025, with the objective of acquiring up to 150 million shares using a maximum of €900 million.
The recent purchase on March 19 amounted to a total expenditure of €13,927,692. Following this transaction, Nokia now holds 182,245,061 of its own shares in treasury.
Nokia, a leader in B2B technology and innovation, is known for pioneering future-oriented network solutions that are intelligent and responsive. The company has established its leadership position through expertise in fixed, mobile, and cloud network infrastructures. Nokia has been creating value through intellectual property rights and has been at the forefront of research and development for over 100 years, led by the award-winning Nokia Bell Labs.
The company’s high-performance network solutions are built on open architecture, integrating seamlessly with various ecosystems to create new opportunities for network commercialization and scaling. Service providers, enterprises, and partners worldwide rely on Nokia’s network performance, responsibility, and security standards.
This latest development in Nokia’s share buyback program reflects the company’s ongoing efforts to manage its capital structure and deliver value to its shareholders. The information is based on a press release statement from Nokia Oyj.
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