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ESPOO - Nokia Oyj (HEL:HE:NOKIA) has announced the purchase of 4,227,771 of its own shares on March 21, 2025, at a weighted average price of €4.92 per share. This transaction is part of a share buyback program initiated on November 25, 2024, following the company’s announcement on November 22, 2024. The program is designed to mitigate the dilution effect of shares issued to Infinera (NASDAQ:INFN) Corporation shareholders and certain share-based incentives related to Infinera Corporation.
The buyback is conducted in accordance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052, and the authorization granted by Nokia’s Annual General Meeting on April 3, 2024. The program, which began on November 25, 2024, aims to acquire 150 million shares using a maximum total sum of €900 million and is set to conclude by December 31, 2025, at the latest.
The total cost of the shares purchased on March 21 was €20,782,877. Following these acquisitions, Nokia now holds 190,328,538 of its own shares. The details of these transactions are included as an appendix to this announcement.
Nokia, a leader in B2B technology and innovation, is recognized for pioneering future network solutions that are perceptive, cognitive, and intelligent. The company’s position is built on expertise in fixed, mobile, and cloud networks. Nokia has created value through intellectual property rights and sustained research and development led by the award-winning Nokia Bell Labs for over a century. Its efficient network solutions, based on open architecture, seamlessly integrate into various ecosystems, enabling new commercialization and scaling opportunities for networks. Service providers, enterprises, and partners worldwide rely on the performance, responsibility, and security standards of Nokia’s networks. The company collaborates with partners to develop future digital services and applications.
This information is based on a press release statement from Nokia Oyj.
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