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ESPOO - Nokia Oyj (NYSE:NOK) has announced the purchase of 3.4 million of its own shares on March 12, 2025, as part of an ongoing buyback program aimed at mitigating the dilution effect of stock incentives for Infinera (NASDAQ:INFN) Corporation shareholders. The transactions, executed across several European trading venues, had a weighted average price of €4.77 per share, totaling approximately €16.19 million.
The buyback initiative, which began on November 25, 2024, follows the authorization granted by Nokia’s Annual General Meeting on April 3, 2024, and is in accordance with the Market Abuse Regulation (EU) 596/2014 and the Commission Delegated Regulation (EU) 2016/1052. Nokia’s board had previously disclosed on November 22, 2024, the plan to repurchase up to 150 million shares with a maximum expenditure of €900 million. The program is scheduled to conclude by December 31, 2025, at the latest.
Following the latest transaction, Nokia now holds 163.9 million treasury shares. The repurchase plan is part of the company’s broader strategy to manage its capital structure and return value to shareholders. Nokia, a leader in B2B technology and innovation, is recognized for its contributions to mobile, fixed, and cloud network solutions.
The company’s commitment to integrating its network solutions into diverse ecosystems aims to create new commercialization and scaling opportunities for its partners worldwide. Nokia’s century-long history is marked by its pioneering work in sensing, thinking, and intelligent network solutions, spearheaded by the award-winning Nokia Bell Labs.
This report is based on a press release statement, providing an overview of Nokia’s recent share buyback activities as part of its capital management strategy.
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