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ESPOO - Nokia Oyj (HEL:HE:NOKIA) announced Monday it has transferred 289,221 of its own shares to participants in the company’s share-based incentive programs in accordance with program terms.
The transfer was made without consideration as compensation to individuals participating in Nokia’s incentive schemes. Following the transfer, Nokia holds 65,409,825 of its own shares.
According to a company press release, the share distribution was based on a board decision announced on November 22, 2024, which authorized the use of treasury shares to fulfill commitments under the incentive programs.
Nokia, a B2B technology and innovation company, specializes in fixed, mobile and cloud network solutions. The Finnish telecommunications company has built its leadership position through intellectual property development and long-term research and development work led by Nokia Bell Labs.
The company’s network solutions are designed to integrate with various ecosystems, creating opportunities for network commercialization and scaling. Nokia serves service providers, enterprises and other partners globally with its network technology.
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