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ESPOO - Nokia Oyj (HEL:HE:NOKIA) announced today it has transferred 113,390 of its treasury shares to participants in the company’s share-based incentive programs in accordance with program terms.
The share transfer was completed without compensation and follows the board’s decision announced on November 22, 2024, to distribute treasury shares to fulfill commitments under these incentive programs.
Following the transfer, Nokia holds 65,296,435 of its own shares as treasury stock.
The Finnish telecommunications equipment maker did not disclose the names of the recipients or provide details about the specific incentive programs involved in this transaction.
Nokia, which describes itself as a B2B technology and innovation leader in sensing, thinking and intelligent network solutions, has been developing technology for approximately 100 years, including research conducted through Nokia Bell Labs.
The company’s announcement came via a stock exchange release published Monday afternoon local time in Finland.
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