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ESPOO - Nokia Oyj (HEL:NOKIA) announced Tuesday it has transferred 135,830 of its own shares to participants in the company’s share-based incentive programs in accordance with program terms.
The share transfer was made without compensation and is based on a board decision announced on November 22, 2024, to use treasury shares to fulfill commitments under the company’s incentive schemes.
Following the transfer, Nokia holds 30,995,291 of its own shares in treasury.
The telecommunications equipment manufacturer disclosed the information in a stock exchange release. Nokia describes itself as a B2B technology and innovation leader specializing in network solutions across fixed, mobile and cloud service networks.
The company has been operating for approximately 100 years, with research and development led by Nokia Bell Labs, according to the press release statement.
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