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ESPOO - Nokia Oyj (HEL:HE:NOKIA) has announced the acquisition of 3,855,706 of its own shares on March 20, 2025, at a weighted average price of €4.92 per share. The transactions took place across several marketplaces, including XHEL, CEUX, and TQEX, with a total expenditure of €18,957,735 for the day’s buyback.
The buyback initiative, which began on November 25, 2024, is part of a broader program announced by Nokia on November 22, 2024, to mitigate the dilution effect of shares to be issued to Infinera (NASDAQ:INFN) Corporation shareholders and related to certain stock-based incentives. In compliance with the EU Market Abuse Regulation (MAR) and the authorization granted by Nokia’s Annual General Meeting on April 3, 2024, the program aims to repurchase up to 150 million shares, with a maximum total spend of €900 million, to conclude by December 31, 2025.
Following the latest transactions, Nokia now holds a total of 186,100,767 treasury shares. The buyback program’s purpose is to adjust the company’s capital structure and to return value to shareholders.
As a leader in B2B technology and innovation, Nokia is known for pioneering future networks with sensing, thinking, and intelligent capabilities. The company has a century-long history of creating value through intellectual property rights and award-winning research and development led by Nokia Bell Labs. Nokia’s network solutions integrate seamlessly into various ecosystems, enabling new opportunities for network commercialization and scaling.
The details of the buyback transactions have been provided as an attachment to this announcement. This information is based on a press release statement issued by Nokia Oyj.
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