Nokia executive Uitto acquires shares on Helsinki exchange

HELSINKI - Nokia Oyj (HE:NOKIA) has announced a transaction under the EU Market Abuse Regulation involving a member of its executive team. Tommi Uitto, classified as other senior management, has made a purchase of company shares on February 20, 2025.

The transaction took place on the NASDAQ Helsinki Ltd (XHEL) with the acquisition of 3 Nokia shares at a unit price of €4.7775. This information is based on the regulatory filing requirements that mandate the disclosure of such transactions by company insiders.

Tommi Uitto’s role within Nokia places him in a position to potentially influence the company’s strategic direction. Nokia, a B2B technology and innovation leader, is known for pioneering future-oriented network solutions that are intelligent and responsive. The company’s leadership in the field is rooted in its expertise in fixed, mobile, and cloud service networks.

For over a century, Nokia has created value through intellectual property rights and has been recognized for its long-term research and development efforts led by the renowned Nokia Bell Labs. The company’s efficient network solutions are based on open architecture, which allows seamless integration into various ecosystems, opening new possibilities for commercializing and scaling networks.

Nokia’s network performance is trusted by service providers, businesses, and partners globally, who rely on the company’s commitment to responsibility and security standards. Collaborating with partners, Nokia continues to develop future digital services and applications.

The purchase by Uitto is a signal of executive confidence in the company’s prospects and aligns with Nokia’s ongoing commitment to innovation and market leadership. This transaction is part of the routine financial disclosures that provide transparency regarding the activities of company insiders in the stock market.

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