ESPOO – Nokia Oyj (HEL:HE:NOKIA) has announced the repurchase of its own shares on Wednesday as part of a program to mitigate the dilutive impact of equity incentives granted to Infinera (NASDAQ:INFN) Corporation shareholders. The Finnish telecommunications company reported it acquired a total of 872,093 shares at an average weighted price of €4.29 per share on the Helsinki Stock Exchange (XHEL).
This buyback is a continuation of the plan that was set in motion on November 25, 2024, following an announcement on November 22, 2024. The initiative, which is in accordance with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052, as well as the authorization from Nokia's Annual General Meeting on April 3, 2024, is expected to run until December 31, 2025. The goal is to acquire 150 million shares for a total sum not exceeding €900 million.
The transaction on December 18 amounted to a total purchase price of €3,745,465. After this acquisition, Nokia holds 216,881,871 of its own shares.
Nokia specializes in creating technology that connects the world, leading in B2B technology and innovation with a focus on future networks that are perceptive, cognitive, and intelligent. The company's leadership is rooted in its expertise in fixed, mobile, and cloud networks, as well as the value created through intellectual property rights and extensive research and development led by the award-winning Nokia Bell Labs.
The company's high-performance network solutions are based on open architecture, integrating seamlessly with various ecosystems and enabling new opportunities for network commercialization and scalability. Service providers, enterprises, and partners worldwide rely on Nokia's network performance, responsibility, and security standards.
This share repurchase information is based on a press release statement from Nokia Oyj.
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