ESPOO – Nokia Oyj (HEL:HE:), a Finnish telecommunications company, announced the acquisition of 872,093 own shares on January 15, 2025 at an average price of EUR 4.45 per share. The total cost of these purchases was 3,883,692 euros. The move is part of a share repurchase program initiated by Nokia’s board to mitigate the dilutive effect of shares to be issued to shareholders of Infinera (NASDAQ: ) Corporation and related to Infinera’s share-based incentives.
The share buyback program, which complies with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Delegated Regulation (EU) 2016/1052, was launched on November 25, 2024, following the approval of Nokia’s Annual General Meeting on April 3, 2024. It is scheduled to last until December 31, 2025 at the latest. The program aims to acquire 150 million shares with a maximum of EUR 900 million.
Following the recent transaction, Nokia now holds 229,091,173 of its own shares. The buyback program reflects the company’s continued commitment to managing its capital structure and delivering shareholder value.
Nokia is a leader in B2B technology and innovation, a pioneer of future networks that are intelligent and responsive. The company’s leadership is built on expertise in fixed, mobile and cloud networks. With the support of Nokia Bell Labs, Nokia continues to create value through intellectual property rights and continuous research and development efforts.
The company’s high-performance network solutions, based on an open architecture, seamlessly integrate into diverse ecosystems, enabling new opportunities for commercialization and scaling of networks. Service providers, enterprises and partners around the world rely on Nokia for network performance, accountability and security standards. Nokia is working with partners to develop future digital services and applications.
The information in this article is based on a press release from Nokia Oyj.
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