Nokia Corporation Repurchases Own Shares

Stock Exchange Release 18 October 2023

On 18 October 2023, Nokia Corporation announced that it has repurchased its own shares, as detailed below:

Espoo, Finland – On 18 October 2023 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:

Trading venue (MIC Code) Number of shares Weighted average price / share, EUR*

XHEL 411,126 3.31

CEUX 7,400 …

Nokia Corporation’s decision to repurchase its own shares is significant as it demonstrates the company’s confidence in its future performance and strengthens its position in the market.

This strategic move by Nokia Corporation may have various implications for shareholders, investors, and the overall market. Share repurchases can signal to investors that the company believes its stock is undervalued, leading to increased confidence.

Impact on Shareholders and Investors

For shareholders and investors, Nokia Corporation’s share repurchase could potentially lead to an increase in stock value and earnings per share. This may attract new investors and strengthen existing investors’ confidence in the company’s financial health and growth prospects.

Impact on the Market

In the broader market context, Nokia Corporation’s repurchase of its own shares may contribute to increased market stability and liquidity. It could also signal to other companies that share repurchases can be a strategic financial move to enhance shareholder value.

Conclusion

In conclusion, Nokia Corporation’s decision to repurchase its own shares reflects a positive outlook on the company’s future and could have a beneficial impact on shareholders, investors, and the market as a whole. This move reinforces Nokia Corporation’s commitment to creating long-term value for its stakeholders.