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ESPOO, Finland - Nokia (HE:NOKIA) Corporation (NYSE:NOK) has announced the repurchase of 3,006,620 of its own shares on April 2, 2025, as part of its ongoing share buyback program. The shares were acquired at a weighted average price of EUR 4.93 per share across several trading venues, with the total cost amounting to EUR 14,834,663.
The buyback initiative, which began on November 25, 2024, is intended to mitigate the dilutive impact of new shares issued to Infinera (NASDAQ:INFN) Corporation shareholders and related share-based incentives. The authorization for the program was granted at Nokia’s Annual General Meeting on April 3, 2024, with the objective to repurchase up to 150 million shares for a maximum aggregate purchase price of EUR 900 million. The program is expected to conclude by December 31, 2025.
Following the transactions on April 2, Nokia now holds 220,509,131 treasury shares. The repurchase was conducted in accordance with the Market Abuse Regulation (EU) 596/2014 (MAR), and the Commission Delegated Regulation (EU) 2016/1052.
Nokia is a global B2B technology leader focused on building networks that are designed to be adaptive, with the capability to sense, think, and act. The company is known for its contributions to mobile, fixed, and cloud networks, and places a strong emphasis on intellectual property and long-term research, particularly through the work of the Nokia Bell Labs.
The information regarding the share repurchase is based on a press release statement issued by Nokia Corporation.
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