Nokia Corporation: Repurchase of own shares
Stock Exchange Release – 11 December 2024
Espoo, Finland –
On 11 December 2024, Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) through the following trading venues:
Trading venue (MIC Code) | Number of shares | Weighted average price / share, EUR
XHEL | 872,093 | 4.17
CEUX | – | –
BATE | – | –
AQEU | – | –
TQEX | – | –
Total | 872,093 | 4.17
* Rounded to two decimals
On 22 November 2024, Nokia announced that its Board of Directors is initiating a share buyback program to offset the dilutive effect of new Nokia shares issued to the shareholders of Infinera Corporation and certain Infinera Corporation share-based incentives. The repurchases are in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052, and under the authorization granted by Nokia’s Annual General Meeting on 3 April 2024. The buyback program started on 25 November 2024 and is set to end by 31 December 2025 with the goal of repurchasing 150 million shares for a maximum aggregate purchase price of EUR 900 million.
Impact on Individuals:
The share buyback program may have a positive impact on individual investors holding Nokia shares as it could potentially increase the value of their investments. By reducing the number of outstanding shares, the buyback may lead to an increase in earnings per share and potentially boost the stock price in the long term.
Global Impact:
From a broader perspective, Nokia’s share repurchase program could have a positive impact on the global market as it showcases the company’s confidence in its own future growth and financial stability. It may also attract more investors who see Nokia as a sound investment option, thereby contributing to overall market confidence.
Conclusion:
Nokia’s decision to repurchase its own shares is a strategic move aimed at bolstering shareholder value and signaling confidence in the company’s future prospects. While the immediate effects may vary for individuals and the global market, the overall impact is expected to be positive, positioning Nokia for continued success in the long run.
