Nokia Corporation: Repurchase of own shares
Stock Exchange Release 3 February 2025 at 22:30 EET
On 3 February 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: 4.43
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) and the Commission Delegated Regulation (EU) 2016/1052 started on 25 November 2024 and end by 31 December 2025. The target is to repurchase 150 million shares for a maximum aggregate purchase price of EUR 900 million.
How will this affect me?
As a shareholder of Nokia Corporation, the share buyback program can potentially have a positive impact on you. By reducing the number of outstanding shares in the market, the buyback could lead to an increase in the earnings per share and potentially boost the stock price.
How will this affect the world?
The share buyback program initiated by Nokia Corporation could have wider implications for the global stock market. It may signal to other companies that share buybacks can be an effective strategy to manage their capital structure and enhance shareholder value. This could lead to a trend of increased share buyback activities across different industries.
Conclusion
In conclusion, Nokia Corporation’s decision to repurchase its own shares is a strategic move aimed at benefiting its shareholders and strengthening its financial position. The effects of this buyback program will be closely monitored in the coming months to assess its impact on the company’s performance and the broader market dynamics.
