Nokia completes share repurchase on February 20

Published 20/02/2025, 21:34
Nokia completes share repurchase on February 20

ESPOO, Finland - Nokia (HE:NOKIA) Corporation (NYSE:NOK) has completed a repurchase of its own shares on Thursday, as part of its ongoing buyback program aimed to mitigate the dilutive impact of share issuances connected to its acquisition of Infinera (NASDAQ:INFN) Corporation. The company bought back 1,256,122 shares at an average price of EUR 4.77 per share, amounting to a total cost of EUR 5,989,818.

This transaction is a continuation of the share buyback program announced on November 22, 2024, following the authorization by Nokia’s Annual General Meeting on April 3, 2024. The program, which began on November 25, 2024, is set to conclude by December 31, 2025. The objective is to repurchase 150 million shares for a maximum aggregate purchase price of EUR 900 million.

Following the latest transaction, the total number of treasury shares held by Nokia Corporation has reached 254,445,785. The repurchase was conducted on the trading venue XHEL and was carried out in accordance with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052.

Nokia, a leader in B2B technology innovation, is known for pioneering networks that are designed to be adaptive and scalable. With a focus on mobile, fixed, and cloud networks, the company also invests in intellectual property and long-term research through the Nokia Bell Labs. Its open architectures are intended to integrate into various ecosystems, offering high-performance networks that support the creation of digital services and applications for service providers, enterprises, and partners around the globe.

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.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.