Nvidia’s results, Indian tariffs, French markets - what’s moving markets
ESPOO, Finland - Nokia (HE:NOKIA) Corporation (LEI: 549300A0JPRWG1KI7U06) reported on Tuesday that it has repurchased 3,105,295 of its own shares at a weighted average price of €4.96 per share. This move is part of a share buyback program announced on November 22, 2024, which aims to mitigate the dilutive impact of issuing new shares to Infinera (NASDAQ:INFN) Corporation shareholders and for certain share-based incentives.
The share repurchase program, which began on November 25, 2024, is in accordance with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052. The program was authorized by Nokia’s Annual General Meeting on April 3, 2024, and is set to conclude by December 31, 2025. Nokia’s target is to buy back 150 million shares for a maximum aggregate purchase price of €900 million.
The total cost for the transactions carried out on March 25, 2025, amounted to €15,388,910. Following these transactions, Nokia Corporation now holds 197,228,875 treasury shares.
Nokia, a B2B technology innovation leader, is known for its work in mobile, fixed, and cloud networks. The company also emphasizes creating value through intellectual property and long-term research, with contributions from the Nokia Bell Labs. Nokia’s offerings are designed to integrate into any ecosystem, aiming to provide secure, reliable, and sustainable networks.
The information in this article is based on a press release statement from Nokia Corporation.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.