Nokia Corporation: Share Repurchase Program Overview
Details of Share Repurchase on 19.02.2025
On 19 February 2025, Nokia Corporation has repurchased its own shares on the stock exchange. The company acquired 1,396,657 shares on the XHEL trading venue at a weighted average price of EUR 4.74 per share.
Background of Share Buyback Program
On 22 November 2024, Nokia announced the initiation of a share buyback program to counteract the dilution caused by the issuance of new Nokia shares to the shareholders of Infinera Corporation and certain Infinera Corporation share-based incentives.
The repurchases are conducted in compliance with relevant regulations and under the authorization granted by Nokia’s Annual General Meeting on 3 April 2024. The program commenced on 25 November 2024 and is scheduled to 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 Shareholders
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Global Implications
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Conclusion
In conclusion, Nokia Corporation’s share repurchase program demonstrates the company’s commitment to enhancing shareholder value and addressing dilution concerns. Shareholders can potentially benefit from this strategic initiative, while the global market may also be influenced by Nokia’s actions in the stock exchange.
