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ESPOO, Finland - Nokia (HE:NOKIA) Corporation (LEI: 549300A0JPRWG1KI7U06) has completed the repurchase of 1.4 million of its own shares on Monday, with transactions totaling EUR 6,611,080. The buyback occurred on the Helsinki Stock Exchange (XHEL) at a weighted average price of EUR 4.72 per share.
This move is part of a broader share buyback program announced on November 22, 2024, which aims to mitigate the dilutive impact of new shares issued in connection with the acquisition of Infinera (NASDAQ:INFN) Corporation and related share-based incentives. Nokia’s program, which adheres to 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 plan includes the repurchase of up to 150 million shares for a maximum aggregate price of EUR 900 million.
Following the recent transactions, Nokia’s treasury now holds 243,703,874 shares. The company has been actively managing its share capital, and the latest repurchase reflects its ongoing efforts to optimize shareholder value.
Nokia is a global technology leader focused on building networks that are capable of sensing, thinking, and acting. Celebrating a century of innovation through Nokia Bell Labs, the company continues to be at the forefront of technology development, supporting service providers, enterprises, and partners worldwide.
The information in this article is based on a press release statement from Nokia Corporation.
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