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ESPOO - Nokia Oyj (HEL:HE:NOKIA) announced on March 13, 2025, that it has repurchased a total of 4,223,016 of its own shares at an average weighted price of €4.79 per share. This transaction is part of a buyback program initiated on November 22, 2024, aimed at mitigating the dilutive effect of shares distributed to Infinera (NASDAQ:INFN) Corporation shareholders and the impact of certain stock-based incentives related to Infinera Corporation.
The buyback program, which follows the European Union’s Market Abuse Regulation (EU) 596/2014 (MAR) and the European Commission’s delegated regulation (EU) 2016/1052, as well as the authorization granted by Nokia’s Annual General Meeting on April 3, 2024, began on November 25, 2024, and is set to conclude by December 31, 2025. The goal of the program is to acquire up to 150 million shares, with a maximum total expenditure of €900 million.
The total price for the shares repurchased on March 13 amounted to €20,243,872. Following these transactions, Nokia now holds 168,106,979 of its own shares.
Nokia is a leading technology company that has been at the forefront of innovation for over a century, with a focus on fixed, mobile, and cloud network solutions. The company’s position is built on its expertise in these areas, as well as its long-term research and development, led by the award-winning Nokia Bell Labs. Nokia’s network solutions are designed to integrate seamlessly into various ecosystems, enabling new commercialization and scaling opportunities for service providers, enterprises, and partners worldwide.
The information for this report is based on a press release statement from Nokia Oyj.
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