ESPOO - Nokia Oyj (HEL:HE:NOKIA) has repurchased its own shares on Monday, as part of an ongoing buyback program aimed at mitigating the dilutive effect of stock distributed to Infinera (NASDAQ:INFN) Corporation shareholders and related incentive plans. The company acquired a total of 1,379,268 shares at an average weighted price of €4.64 per share on the Helsinki Stock Exchange (XHEL).
This buyback initiative, which commenced on November 25, 2024, follows the authorization from Nokia’s Annual General Meeting held on April 3, 2024. The plan is set to run until December 31, 2025, at the latest, with a goal to acquire 150 million shares using a maximum of €900 million. The total cost for the shares bought back on February 6, 2025, amounted to €6,405,596.
Following the recent transactions, Nokia now holds 240,903,874 of its own shares. The buyback program is in accordance with the EU Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052, and is executed by BofA Securities Europe SA on behalf of Nokia.
Nokia, a B2B technology and innovation leader, is known for its pioneering work in creating intelligent network solutions that integrate seamlessly across various ecosystems. The company’s leadership is rooted in its expertise in fixed, mobile, and cloud network services, as well as its value creation through intellectual property rights and the renowned research and development efforts of Nokia Bell Labs.
The information in this article is based on a press release statement from Nokia Oyj.
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