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ESPOO – Nokia Oyj (HEL:HE:NOKIA) has announced the acquisition of its own shares on March 25, 2025, as part of its ongoing share buyback program. The company reported purchasing a total of 3,105,295 shares across different marketplaces, with a weighted average price of €4.96 per share. The total cost for these transactions amounted to €15,388,910.
The share buyback initiative, which commenced on November 25, 2024, was introduced to mitigate the dilutive impact of shares issued to Infinera (NASDAQ:INFN) Corporation shareholders and to offset the dilutive effect of certain share-based incentives for Infinera Corporation. The program is in accordance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052, and is authorized by Nokia’s Annual General Meeting held on April 3, 2024. It is set to continue until December 31, 2025, or until 150 million shares have been repurchased, whichever comes first, with a maximum total spend of €900 million.
Following the latest transactions, Nokia now holds 197,228,875 of its own shares. The buyback program aims to provide value to shareholders and reflects the company’s confidence in its financial stability and future prospects.
Nokia, a leader in B2B technology and innovation, has a long-standing reputation for pioneering advanced network solutions. With a history of creating value through intellectual property rights and the award-winning research and development efforts of Nokia Bell Labs, the company continues to integrate its robust network solutions seamlessly into various ecosystems, supporting service providers, enterprises, and partners worldwide.
This report is based on a press release statement from Nokia Oyj.
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