Oil prices hold sharp losses with focus on secondary India tariffs
ESPOO - Nokia Oyj (HEL:HE:NOKIA) has proceeded with the repurchase of its own shares on March 28, 2025, as part of its ongoing buyback program intended to offset the dilutive effect of shares issued to Infinera (NASDAQ:INFN) Corporation shareholders and certain stock-based incentives. The Finnish telecommunications company reported acquiring a total of 4,666,031 shares across different marketplaces at a weighted average price of €4.90 per share, amounting to a total expenditure of €22,850,954 on the day.
This move comes in the wake of the company’s announcement on November 22, 2024, that its board had initiated a share buyback program. The program, which began on November 25, 2024, is set to conclude by December 31, 2025. It aims to repurchase up to 150 million shares, with a maximum total spend of €900 million.
Following the latest transactions, Nokia Oyj now holds 209,385,537 of its own shares. The buyback is executed in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052, and the authorization granted by Nokia’s Annual General Meeting on April 3, 2024.
Nokia is a leader in B2B technology and innovation, spearheading future network solutions that are perceptive, cognitive, and intelligent. With a century-long history of value creation through intellectual property rights and research and development led by the award-winning Nokia Bell Labs, the company maintains a leading position based on expertise in fixed, mobile, and cloud network infrastructure.
The company’s robust network solutions, built on open architecture, integrate seamlessly with various ecosystems, creating new commercialization and scaling opportunities. Service providers, enterprises, and partners worldwide rely on Nokia’s network performance, responsibility, and security standards.
This share buyback activity is part of Nokia’s broader strategy to manage its capital structure and return value to shareholders, as detailed in the press release statement. The specifics of the transactions can be found in the annex to the release.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.