Nokia Corporation: Repurchase of Own Shares
Stock Exchange Release: 18 December 2024 at 22:30 EET
On 18 December 2024, Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) announced that it has acquired its own shares (ISIN FI0009000681) through various trading venues.
The breakdown of the repurchase is as follows:
| Trading Venue (MIC Code) | Number of Shares | Weighted Average Price per Share, EUR |
|---|---|---|
| XHEL | 872,093 | 4.29 |
| CEUX | – | – |
| BATE | – | – |
| AQEU | – | – |
| TQEX | – | – |
On 22 November 2024, Nokia had announced the initiation of a share buyback program. This program aims to offset the dilutive effect of new Nokia shares issued to the shareholders of Infinera Corporation and certain Infinera Corporation share-based incentives.
The repurchase activities are in compliance with the Market Abuse Regulation (EU) 596/2014, the Commission Delegated Regulation (EU) 2016/1052, and are authorized by Nokia’s Annual General Meeting on 3 April 2024. The buyback program started on 25 November 2024 and will conclude by 31 December 2025, with a target of repurchasing 150 million shares for a maximum aggregate purchase price of EUR 900 million.
Impact on Individuals:
As a shareholder of Nokia Corporation, the share buyback program may potentially lead to an increase in the value of your shares as the company aims to reduce dilution and enhance shareholder value through repurchasing its own shares.
Impact on the World:
The buyback program initiated by Nokia Corporation reflects its strategic approach to capital management and commitment to enhancing shareholder returns. By reducing the number of outstanding shares in the market, Nokia aims to improve earnings per share and create value for its investors.
Conclusion:
Nokia Corporation’s share repurchase program is a proactive step towards maximizing shareholder value and optimizing capital structure. By strategically buying back its own shares, Nokia demonstrates its confidence in long-term growth prospects and commitment to delivering value to its shareholders.
