ESPOO, Finland – Nokia (HE:) Corporation (NYSE:) repurchased 872,093 of its own shares on Monday at an average price of 4.42 euros per share, as part of its previously announced buyback program. This transaction is part of the company’s effort to offset the dilutive effect of the issuance of new shares to shareholders of Infinera (NASDAQ: ) Corporation and for certain stock-based incentives related to the acquisition.
The share repurchase initiative, which was first announced on November 22, 2024, was approved by Nokia’s annual meeting on April 3, 2024. The program began on November 25, 2024, with the objective of repurchasing up to 150 million shares for a maximum aggregate purchase price of EUR 900 million, which will be completed by December 31, 2025.
At the mentioned trading place, the total expenses for bought shares on Monday amounted to EUR 3,858,052. With these transactions, Nokia now holds a total of 231,707,452 treasury shares.
The buyback program is implemented in accordance with the Market Abuse Regulation (EU) 596/2014 (MAR) and Commission Delegated Regulation (EU) 2016/1052, thus ensuring compliance with the regulations.
Nokia is a global technology leader focused on creating network infrastructure and innovation in mobile, fixed and cloud networks. The company is known for its collaborative approach to technology, working with service providers, enterprises and partners around the world. Nokia’s commitment to security, reliability and sustainability in network creation positions it as a trusted entity in the digital transformation space.
This share buyback activity is part of Nokia’s broader strategy of managing its capital structure and returning value to shareholders. The above information is based on a press release from Nokia Corporation.
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