Nokia Corporation Stock Exchange Release
Nokia Corporation: Repurchase of Own Shares
30 January 2025 at 22:30 EET
Espoo, Finland – On 30 January 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 872,093 4.53
CEUX – –
BATE – –
AQEU – –
TQEX – –
Total 872,093 4.53
* Rounded to two decimals
Nokia’s Share Buyback Program
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
As a shareholder of Nokia Corporation, this share buyback program may potentially lead to an increase in the value of your shares. By reducing the number of outstanding shares in the market, there is a possibility for the remaining shares to become more valuable.
Global Effect
Nokia’s share buyback program can have a broader impact on the global financial market. It can signal to investors that the company has confidence in its own financial stability and future growth prospects, potentially attracting more investment. Additionally, the program can influence other companies to consider similar initiatives to enhance shareholder value.
Conclusion
In conclusion, Nokia Corporation’s share buyback program is a strategic move aimed at benefiting both shareholders and the overall financial market. By repurchasing its own shares, Nokia is demonstrating its commitment to enhancing shareholder value and building investor confidence.
