ReElement Technologies stock soars after securing $1.4B government deal
ESPOO - Nokia Oyj (HEL:NOKIA) announced Thursday it has transferred 979,719 of its own shares as compensation to participants in the company’s share-based incentive programs, according to a press release statement.
The shares were transferred without consideration in accordance with the terms of the incentive programs. The transfer was based on a board decision announced on November 22, 2024, regarding the distribution of company-held shares to fulfill commitments under the incentive schemes.
Following the transfer, Nokia now holds 149,393,938 of its own shares in treasury.
The Finnish telecommunications equipment manufacturer made the announcement as part of its regular disclosure of changes in treasury share ownership. The company is required to report such transactions under stock exchange regulations.
Nokia, a B2B technology and innovation company, specializes in fixed, mobile and cloud network solutions. The company has a century-long history of research and development led by Nokia Bell Labs and focuses on open architecture-based network solutions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.