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ESPOO, Finland – Nokia (HE:) Corporation (NYSE:) repurchased 872,093 of its shares on Monday at an average price of €4.42 per share, as part of its previously announced share repurchase program. This transaction is part of the company’s efforts to offset the effects of a reduction in the issuance of new shares to Infinera (NASDAQ:) Corporation’s shareholders and for certain share-based incentives related to acquisitions. .
The share buyback plan, first announced on November 22, 2024, was approved by Nokia’s Annual General Meeting on April 3, 2024. The program started on November 25, 2024, with target to repurchase up to 150 million in capital. total cost of 900 million euros, will be completed on December 31, 2025.
In the specified trading area, the total cost for the shares bought on Monday reached €3,858,052. With these transactions, Nokia now has a total of 231,707,452 treasury shares.
The buyback program is carried out in accordance with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Regulation (EU) 2016/1052, which ensures regulatory compliance.
Nokia is a global technology leader focused on creating innovative network devices and applications in mobile, fixed and cloud networks. The company is known for its collaborative approach to technology, working with service providers, businesses and partners around the world. Nokia’s commitment to security, reliability, and network performance positions it as a trusted partner in the digital transformation space.
This buyback is part of Nokia’s broader strategy to manage its cash structure and return value to shareholders. The information provided is based on a press release from Nokia Corporation.
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