Nokia Corporation Stock Exchange Release

23 January 2025 at 22:30 EET

Espoo, Finland – On 23 January 2025 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:

Trading venue (MIC Code)

XHEL

Number of shares: 872,093

Weighted average price / share, EUR*: 4.48

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.

Effect on Me

As a shareholder of Nokia Corporation, the share buyback program could potentially have a positive impact on me. By reducing the number of outstanding shares, the buyback could lead to an increase in the company’s earnings per share and potentially boost the overall value of my investment in Nokia.

Effect on the World

The share buyback program initiated by Nokia Corporation could have broader implications for the global market. By repurchasing a significant number of shares, Nokia is signaling confidence in its own financial health and future prospects. This move could have a ripple effect, influencing investor sentiment and potentially impacting the broader telecommunications industry.

Conclusion

In conclusion, Nokia Corporation’s share repurchase program is a strategic move aimed at enhancing shareholder value and signaling confidence in the company’s future. The program could have a positive impact on individual investors like myself, as well as broader implications for the global market and telecommunications industry as a whole.