Nokia executive acquires shares in company transaction

Published 21/02/2025, 13:10
Nokia executive acquires shares in company transaction

HELSINKI - Nokia (HE:NOKIA) Corporation (NYSE:NOK) reported a transaction by a member of its upper management, Lorna Gibb, who has acquired 115 shares of the company. The transaction took place on February 20, 2025, on the NASDAQ Helsinki Ltd (XHEL) exchange, with the shares purchased at an average price of €4.78061 each.

This first notification, as required by Article 19 of the Market Abuse Regulation, marks a routine disclosure of executive dealings in the company’s shares. The legal entity identifier (LEI) for Nokia Corporation is 549300A0JPRWG1KI7U06.

Nokia, a global leader in B2B technology and innovation, is at the forefront of creating intelligent network solutions that are shaping the future. With a century-long history of value creation driven by intellectual property rights and the award-winning research and development of Nokia Bell Labs, the company has established a prominent position in fixed, mobile, and cloud network solutions.

The company’s high-performance network solutions are built on an open architecture, seamlessly integrating into various ecosystems, which opens new opportunities for commercialization and scaling of networks. Service providers, enterprises, and partners worldwide rely on the performance, responsibility, and security standards of Nokia’s networks.

The information about the transaction is based on a press release statement from Nokia. The company continues to work with partners to develop future digital services and applications, emphasizing its commitment to performance, sustainability, and security.

Investors and stakeholders in the telecommunications sector take note of such transactions as they can reflect the confidence of company executives in the firm’s prospects. However, these transactions are quite common and are part of the regular financial disclosures companies must make regarding the trading activities of their insiders.

For further information, Nokia’s communications and investor relations departments are available for inquiries.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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