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ESPOO - Nokia Oyj (HE:NOKIA) has today distributed 5,348 of its own shares without consideration to participants of its stock-based incentive programs, in accordance with the terms of those programs. The transfer is based on a decision by the board announced on November 11, 2024, to fulfill commitments under the incentive schemes.
Following the distribution, Nokia holds 216,568,060 of its own shares. The company, a leader in B2B technology and innovation, is known for its pioneering work in the development of networks that are sensing, thinking, and intelligent. With a century-long history of creating value through intellectual property rights and research led by the award-winning Nokia Bell Labs, Nokia has established a strong position in fixed, mobile, and cloud network services.
Nokia’s network solutions, built on open architecture, seamlessly integrate into various ecosystems, enabling new commercialization and scaling opportunities for networks. Service providers, enterprises, and partners worldwide rely on Nokia for network performance, responsibility, and security standards. The company collaborates with partners to develop future digital services and applications.
This move comes as part of Nokia’s ongoing efforts to incentivize and retain talent within the organization. The transfer of shares is a routine procedure for companies with stock-based incentive programs and is often used to align the interests of employees with those of shareholders.
The information is based on a press release statement from Nokia.
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