AirNet Technology raises $180 million in digital assets offering
ESPOO - Nokia Oyj (HEL:HE:NOKIA) has announced the repurchase of its own shares on Monday as part of its ongoing buyback program aimed at mitigating the dilutive effect of share distributions to Infinera (NASDAQ:INFN) Corporation shareholders and certain stock-based incentive plans. The company reported that on February 24, 2025, it acquired 1,317,492 shares at an average weighted price of €4.75 per share, totaling €6,260,063.
The buyback initiative, which began on November 25, 2024, follows the authorization granted by Nokia’s Annual General Meeting on April 3, 2024. It is set to conclude by December 31, 2025, with an objective to purchase up to 150 million shares using a maximum of €900 million.
Following the recent transactions, Nokia now holds 257,147,700 of its own shares. The buyback program is conducted in accordance 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 B2B technology and innovation, continues to pioneer the future of intelligent network solutions through its expertise in fixed, mobile, and cloud networks. The company has a century-long history of creating value through intellectual property rights and research and development led by the award-winning Nokia Bell Labs.
This move is part of Nokia’s broader strategy to enhance shareholder value and reflects its commitment to responsible corporate governance. The details of the purchases are included in the annex to this press release statement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.