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ESPOO - Nokia Oyj (NYSE:NOK) has continued its share repurchase initiative, acquiring a total of 3,834,442 of its own shares on March 18, 2025, at an average weighted price of €4.94 per share. This transaction, part of a broader buyback program announced on November 22, 2024, was conducted across several marketplaces, including XHEL and CEUX, with the total cost amounting to €18,943,677.
The buyback program, which Nokia’s Board of Directors initiated to mitigate the dilutive impact of shares issued to Infinera (NASDAQ:INFN) Corporation shareholders and certain stock-based incentives, commenced on November 25, 2024. It is set to conclude by December 31, 2025, with a target to repurchase 150 million shares using a maximum of €900 million.
Following the latest transaction, Nokia now holds 179,424,434 of its own shares. The repurchases are carried out in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052, and the authorization granted by the Nokia Annual General Meeting on April 3, 2024.
The Finnish telecom giant, recognized for its B2B technology and innovation leadership, has been a pioneer in developing future networks that are perceptive, cognitive, and intelligent. With a century-long history of creating value through intellectual property rights and the award-winning research and development of Nokia Bell Labs, the company maintains a leading position based on its expertise in fixed, mobile, and cloud service networks.
Nokia’s network solutions, built on open architecture, integrate seamlessly with various ecosystems, offering new opportunities for commercialization and scalability. Service providers, enterprises, and partners worldwide rely on Nokia’s performance, responsibility, and security standards as they work together to develop the digital services and applications of the future.
This update is based on a press release statement issued by Nokia Oyj.
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