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ESPOO - Finnish telecommunications company Nokia Oyj (HEX:HE:NOKIA) has announced the purchase of its own shares on February 25, 2025, as part of its ongoing buyback program. The buyback initiative, which began on November 25, 2024, aims to mitigate the dilutive effect of the shares issued to Infinera (NASDAQ:INFN) Corporation’s shareholders and certain stock-based incentives related to Infinera Corporation.
On the specified date, Nokia acquired a total of 1,370,114 shares at a weighted average price of €4.72 per share, amounting to a total expenditure of €6,466,116. Following these transactions, Nokia now holds 258,517,814 of its own shares.
This buyback is in accordance with the authorization given by Nokia’s Annual General Meeting on April 3, 2024, and is compliant with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052. The program is set to continue until December 31, 2025, with the objective of acquiring up to 150 million shares, using a maximum of €900 million.
Nokia’s initiative reflects its strategy to manage the company’s capital and provide value to its shareholders. The details of the buyback transactions have been disclosed as an annex to the press release statement.
Nokia is recognized as a leader in B2B technology and innovation, with a strong foundation in fixed, mobile, and cloud networking solutions. The company has been at the forefront of future-oriented intelligent network solutions, leveraging its expertise and the award-winning research and development of Nokia Bell Labs. Its efficient network solutions integrate seamlessly into various ecosystems, offering new commercialization and scaling opportunities for network providers, enterprises, and partners worldwide.
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