Nvidia’s results, Tesla’s European sales, Japan trade - what’s moving markets
ESPOO - Nokia Oyj (HE:NOKIA) (LEI: 549300A0JPRWG1KI7U06) has announced the purchase of 3,743,248 of its own shares on Monday, as part of its ongoing buyback program aimed at mitigating the dilutive effect of stock distributed to Infinera (NASDAQ:INFN) Corporation shareholders and certain stock-based incentives. The shares, with ISIN FI0009000681, were acquired across several marketplaces, including XHEL, CEUX, AQEU, and TQEX, at a weighted average price of €4.81 per share, totaling €17,987,430.
This move is in line with the buyback plan initiated on November 22, 2024, following the authorization granted by Nokia’s Annual General Meeting on April 3, 2024. The buyback program, compliant with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052, began on November 25, 2024, and is set to conclude by December 31, 2025. The program’s target is to acquire 150 million shares, with a maximum total expenditure of €900 million.
Following the recent transactions, Nokia now holds 153,058,513 of its own shares. The details of these transactions are included as an annex to the press release statement.
Nokia, a leader in B2B technology and innovation, is known for pioneering future-oriented, intelligent network solutions. With a century-long history marked by intellectual property value creation and award-winning research and development led by Nokia Bell Labs, the company has established a leading position in fixed, mobile, and cloud network technologies. Nokia’s network solutions, built on open architecture, seamlessly integrate into various ecosystems, enabling new commercialization and scaling opportunities. Service providers, enterprises, and partners worldwide rely on Nokia’s network performance, responsibility, and security standards.
The information in this article is based on a press release statement from Nokia Oyj.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.