Nokia Corporation Stock Exchange Release 3 January 2025

Nokia Corporation: Repurchase of Own Shares

3 January 2025 at 22:30 EET

Welcome, fellow tech enthusiasts! It’s time for another exciting update from the world of Nokia Corporation. In a recent Stock Exchange Release dated 3 January 2025, Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has made a bold move by acquiring its own shares on the market. This strategic decision is sure to have a ripple effect on the company’s future trajectory.

According to the release, Nokia Corporation purchased a total of 872,093 of its own shares (ISIN FI0009000681) on various trading venues. The weighted average price per share was EUR 4.31, rounded to two decimals. This move is part of Nokia’s broader strategy to enhance shareholder value and optimize its capital structure.

But this share repurchase is not just a random act of financial engineering. Back in November 2024, Nokia announced a share buyback program aimed at offsetting the dilutive effect of new Nokia shares issued to the shareholders of Infinera Corporation and certain Infinera Corporation share-based incentives. This program, authorized by Nokia’s Annual General Meeting in April 2024, is set to run until December 2025 with a target of repurchasing 150 million shares for a maximum aggregate purchase price of EUR 900 million.

Now, what does all this mean for Nokia, you ask? Well, this share repurchase program signals Nokia’s confidence in its own growth prospects and its commitment to returning value to shareholders. By reducing the total number of outstanding shares, Nokia aims to boost its earnings per share and ultimately increase shareholder returns.

Impact on Me

As a tech investor, this news could have a direct impact on my investment portfolio. With Nokia’s share buyback program in full swing, the stock price may experience a positive momentum in the coming months. This could potentially increase the value of my holdings and provide a welcome boost to my overall investment returns.

Impact on the World

On a larger scale, Nokia’s share repurchase program could send ripples through the tech industry and the global financial markets. As one of the leading players in the telecommunications sector, Nokia’s strategic moves are closely watched by investors, competitors, and industry analysts. A successful share buyback could enhance Nokia’s market position and fuel further innovation and growth in the tech world.

Conclusion

In conclusion, Nokia Corporation’s decision to repurchase its own shares is not just a financial maneuver, but a strategic move to drive shareholder value and strengthen its market position. As the tech giant continues to navigate the ever-evolving landscape of the digital world, investors and industry observers alike will be eagerly watching to see the long-term impact of this bold move. Stay tuned for more exciting updates from Nokia Corporation!