Nokia Corporation Stock Exchange Release
14 February 2025 at 22:30 EET
Nokia Corporation: Repurchase of own shares on 14.02.2025
Espoo, Finland – On 14 February 2025 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 1,400,000 4.78
CEUX – –
BATE – –
AQEU – –
TQEX – –
Total 1,400,000 4.78
* 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 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 started on 25 November 2024 and end by 31 December 2025 and target to repurchase 150 million shares for a maximum aggregate purchase price of EUR 900 million.
Impact on Individuals
The repurchase of Nokia’s own shares can have both positive and negative effects on individual shareholders. On one hand, it can signal to investors that the company believes its stock is undervalued and provide a boost to shareholder confidence. On the other hand, it could result in a decrease in the number of outstanding shares, potentially leading to a higher stock price in the future.
Global Impact
From a global perspective, Nokia’s decision to repurchase its own shares can influence the overall stock market sentiment. It can signal to other companies that share buybacks are a viable option to return value to shareholders and could potentially lead to a trend of increased buyback activity across industries.
Conclusion
In conclusion, Nokia’s repurchase of its own shares is a strategic move aimed at creating value for its shareholders and offsetting dilution from recent share issuances. The impact of this decision will be felt by both individual investors and the global market, with potential implications for future stock prices and overall market trends.
