Nokia Corporation: Share Repurchase Program Overview
Nokia Corporation Stock Exchange Release
17 February 2025 at 22:30 EET
On 17 February 2025, Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) announced the repurchase of its own shares on the stock exchange. The company acquired 1,247,001 shares with a weighted average price of EUR 4.80 per share on the XHEL trading venue. This move is part of Nokia’s share buyback program, which was initiated on 22 November 2024 to offset the dilutive effect of new shares issued to shareholders of Infinera Corporation and certain Infinera Corporation share-based incentives.
The share repurchases are being carried out in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052. Nokia’s Board of Directors is authorized to repurchase up to 150 million shares by 31 December 2025, with a maximum aggregate purchase price of EUR 900 million.
How will this affect me?
As a shareholder of Nokia Corporation, the share repurchase program may have a positive impact on the value of your investment. By reducing the number of outstanding shares in the market, the company aims to increase earnings per share and potentially boost the stock price. This strategic move demonstrates Nokia’s commitment to enhancing shareholder value and confidence in its long-term growth prospects.
How will this affect the world?
From a broader perspective, Nokia’s share repurchase program reflects the company’s financial stability and confidence in its ability to generate strong cash flows. By effectively managing its capital structure and returning value to shareholders, Nokia sets a positive example for other corporations in the global market. This move could also be seen as a signal of Nokia’s commitment to sustainable and responsible business practices, further contributing to the overall economic ecosystem.
Conclusion
In conclusion, Nokia Corporation’s share repurchase program is a strategic financial move aimed at enhancing shareholder value and reinforcing the company’s financial stability. By repurchasing its own shares, Nokia demonstrates its confidence in its growth prospects and commitment to delivering long-term value to its shareholders. This initiative not only benefits investors but also has a positive impact on the global market by setting a precedent for responsible corporate governance and financial management.
