Palantir shares rise 5% premarket as AI-fueled demand powers annual guidance raise
ESPOO, Finland - Nokia (HE:NOKIA) Corporation (NYSE:NOK) has completed a significant repurchase of its own shares on Wednesday, in a move to mitigate the dilutive impact of a recent share issuance. The company acquired a total of 3,397,770 shares across several trading venues, with the weighted average price per share at €4.77.
The buyback is part of a broader program announced on November 22, 2024, which was initiated following the issuance of new Nokia shares to Infinera (NASDAQ:INFN) Corporation shareholders and to cover certain Infinera share-based incentives. The program is designed to repurchase up to 150 million shares for a maximum aggregate purchase price of €900 million. This program, authorized by Nokia’s Annual General Meeting on April 3, 2024, commenced on November 25, 2024, and is set to conclude by December 31, 2025.
The total cost for the transactions on March 12, 2025, amounted to €16,190,374. Following these transactions, Nokia Corporation now holds 163,883,963 treasury shares.
This share repurchase aligns with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052, ensuring compliance with regulatory standards.
Nokia, a global leader in B2B technology innovation, is recognized for its advanced networks that are designed to be open and integrate seamlessly into various ecosystems. The company’s commitment to creating value is supported by its intellectual property and long-term research initiatives, particularly through the century-long contributions of Nokia Bell Labs.
This share repurchase activity is part of Nokia’s strategy to maintain shareholder value and reflects the company’s confidence in its financial stability and future prospects. The information regarding this transaction is based on a press release statement provided by Nokia Corporation.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.