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ESPOO, FINLAND - Nokia Oyj (HE:NOKIA) announced on Tuesday it has transferred 599,898 of its own shares (NOKIA) without compensation to participants in the company’s share-based incentive programs, in accordance with program terms.
The share transfer is based on a board decision announced on November 22, 2024, to distribute treasury shares to fulfill commitments under these programs.
Following the transfer, Nokia now holds 64,696,537 of its own shares in treasury.
The Finnish telecommunications equipment manufacturer made the announcement in a stock exchange release, noting that the shares were distributed as part of the company’s established compensation structure for program participants.
Nokia, which describes itself as a B2B technology and innovation leader in network solutions, has been developing intellectual property and conducting research and development through Nokia Bell Labs for approximately 100 years.
The company provides network solutions to service providers, enterprises and other partners worldwide.
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