Nokia Corporation's Strategic Share Buyback Plan Details

Nokia Corporation's Strategic Share Buyback Plan

Nokia Corporation has recently made headlines with its strategic initiation of a share buyback program aimed at enhancing shareholder value. This plan comes in response to recent corporate developments and is a significant element of Nokia's long-term strategy.

Recent Share Repurchases and Key Statistics

On January 24, 2025, Nokia Corporation announced a significant acquisition of its own shares. This milestone report highlights that Nokia has successfully repurchased a total of 872,093 shares at a weighted average price of EUR 4.40 per share. This purchase is part of the company's ongoing efforts to manage its stock effectively and ensure that shareholder interests are addressed.

Overview of the Share Buyback Strategy

The company initiated this buyback program following an earlier announcement in late 2024, where Nokia's Board of Directors aimed to implement a strategic plan to counteract share dilution. The buyback was authorized in conjunction with the Annual General Meeting held on April 3, 2024. The goal was set for the company to repurchase up to 150 million shares by the end of 2025, all while adhering to regulations under the Market Abuse Regulation (EU) 596/2014.

Details of the Buyback Program

Nokia's buyback initiative commenced on November 25, 2024, with a projected maximum aggregate purchase amount set at EUR 900 million. This provision is directly aimed at offsetting shares issued to Infinera Corporation's shareholders and performance-based incentives. This calculated move is anticipated to help stabilize Nokia's stock price and retain investor confidence.

Impact on Treasury Shares

Following the transaction on January 24, 2025, Nokia Corporation holds a total of 231,670,526 treasury shares. This transparent approach to share repurchase not only strengthens the company's capital structure but also reinforces its commitment to shareholder value.

The Bigger Picture: Nokia’s Commitment to Innovation

While the repurchase of shares is noteworthy, Nokia Corporation is equally focused on driving technological innovation. As a B2B technology innovation leader, Nokia is dedicated to developing cutting-edge services that empower clients and leverage advanced networks. Their extensive research, led by Nokia Bell Labs, positions the company on the forefront of the telecommunications industry, with open architectures that promise seamless integration across various platforms.

Nokia's Vision for the Future

With a strong emphasis on sustainability and security, Nokia is changing the landscape of telecommunications. They strive to establish reliable networks that not only support contemporary demands but also prepare for future opportunities and applications. Global service providers, enterprises, and partners depend on Nokia to transform ideas into secure and durable digital environments.

Contact Information and Inquiries

Should anyone have questions regarding this share buyback strategy or seek additional information, please feel free to reach out to Nokia Communications. They can be contacted at +358 10 448 4900, or via email at press.services@nokia.com.

Frequently Asked Questions

What is the purpose of Nokia's share buyback program?

The buyback program aims to offset dilution from new share issuances and enhance shareholder value.

How many shares did Nokia repurchase on January 24, 2025?

Nokia repurchased a total of 872,093 shares on January 24, 2025.

What is the current number of treasury shares held by Nokia?

After the recent transactions, Nokia holds 231,670,526 treasury shares.

When did Nokia initially announce the buyback program?

The buyback program was announced on November 22, 2024.

What is Nokia's focus aside from the share buyback?

Nokia is focused on technological innovation and creating reliable, secure network solutions for its partners and customers.

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