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ESPOO – Nokia Oyj (HE:NOKIA) has today distributed 383,402 of its own shares (NOKIA) at no cost to participants of the company’s share-based incentive programs, in accordance with the terms of those programs. The distribution follows a decision by the board, announced on November 11, 2024, to allocate held shares to fulfill commitments under these incentive schemes.
After the transfer, Nokia holds 216,184,658 of its own shares. The company, a leader in B2B technology and innovation, is recognized for pioneering future-oriented network solutions that are perceptive, cognitive, and intelligent. Nokia’s position is anchored in its expertise across fixed, mobile, and cloud network services.
Nokia’s network solutions, based on open architecture, integrate seamlessly into various ecosystems, enabling new commercialization and scaling opportunities for networks. Service providers, enterprises, and partners globally rely on the performance, responsibility, and security standards of Nokia’s networks. The company collaborates with partners to develop future digital services and applications.
This move is part of Nokia’s ongoing strategy to manage its capital structure and incentivize its workforce. The distribution of shares is a routine part of fulfilling the company’s long-term incentive plans for its employees.
The information for this article is based on a press release statement.
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