Domo signs strategic collaboration agreement with AWS for AI solutions
ESPOO, Finland - Nokia (HE:NOKIA) Corporation (NYSE:NOK) has progressed with its share repurchase plan, acquiring 4,227,771 of its own shares on Monday. The transactions were carried out across different trading venues, with a weighted average price of €4.92 per share.
This buyback is part of a broader program announced on November 22, 2024, designed to mitigate the dilutive impact of issuing new shares to Infinera (NASDAQ:INFN) Corporation shareholders and to cover certain share-based incentives. The program, approved by Nokia’s Annual General Meeting on April 3, 2024, aims to repurchase up to 150 million shares for a total maximum expenditure of €900 million. The program began on November 25, 2024, and is set to conclude by December 31, 2025.
The total investment for the shares repurchased on Monday amounted to €20,782,877. Following this transaction, Nokia holds 190,328,538 treasury shares in its portfolio.
The share repurchase aligns with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052, ensuring compliance with regulatory standards.
Nokia, a leader in business-to-business technology innovation, is recognized for its network solutions that encompass mobile, fixed, and cloud networks. The company is also known for its contributions to intellectual property and long-term research, with Nokia Bell Labs at the forefront of technological advancements for a century.
The information for this report is based on a press release statement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.