Nokia Enhances Share Buyback Program Amid Innovation Focus

Nokia's Strategic Share Buyback Initiative

Nokia Oyj has recently embarked on an ambitious share buyback program aimed at counteracting the dilutive impact of shares issued to Infinera Corporation shareholders. This initiative is crucial for maintaining shareholder value and ensuring that existing shareholders are not adversely affected. The latest buyback occurred on January 22, 2025, during which the company repurchased 872,093 shares at an average price of €4.45 per share, resulting in a total expenditure of approximately €3.88 million.

Details of the Buyback Program

Initially announced on November 22, 2024, this program is backed by the authorization from Nokia's Annual General Meeting held on April 3, 2024. It adheres to the stipulations of the Market Abuse Regulation (EU) 596/2014 and the Commission Delegated Regulation (EU) 2016/1052. The buyback efforts commenced on November 25, 2024, with a strategic objective of repurchasing up to 150 million shares while utilizing no more than €900 million in total.

Nokia's Treasury Shares

As of the latest transactions, Nokia now holds a treasury of 229,966,303 shares. Detailed records of these individual buyback transactions have been made available in a comprehensive press release, providing transparency to stakeholders regarding these activities.

Nokia's Role in Technology and Innovation

Nokia is not just a telecommunications giant; it is a leader in crafting innovative B2B technology and solutions. The company excels in developing future-oriented network solutions, showcasing its commitment to creating perceptive, cognitive, and intelligent systems. This innovative edge is largely powered by its highly regarded Nokia Bell Labs, which spearheads long-term research and development efforts centered on intellectual property rights.

Partnering for Future Digital Services

In a rapidly evolving digital landscape, Nokia collaborates with various partners, including service providers and enterprises, to enhance network performance while upholding high standards of responsibility and security. These partnerships allow Nokia to innovate continually and explore new opportunities for network commercialization and scalability.

Impact of the Buyback on Shareholders

The strategic buyback program is designed to reinforce shareholders' confidence while ensuring that their investments hold value amidst market fluctuations. By repurchasing shares, Nokia can exert positive influence over its stock price in the long term, demonstrating to stakeholders its commitment to sustainable growth.

This recent undertakings and efforts showcase Nokia's broader strategy not only to bolster its stock performance but also to pivot its focus toward innovation, customer success, and secure, efficient networking solutions that can adapt to future needs.

Frequently Asked Questions

What is Nokia's recent share buyback program about?

Nokia's share buyback program aims to mitigate dilution effects from new equity while enhancing shareholder value through significant share repurchases.

How many shares did Nokia repurchase recently?

The company repurchased 872,093 shares at an average price of €4.45, totaling around €3.88 million.

What are the goals of Nokia's buyback program?

Nokia aims to repurchase up to 150 million shares, utilizing a maximum of €900 million as part of its ongoing commitment to shareholders.

How does Nokia plan to maintain innovation?

Nokia focuses on continuous investment in research and development, particularly through its Nokia Bell Labs, to remain at the forefront of technology and network solutions.

Who are Nokia's partners in developing network solutions?

Nokia collaborates with a diverse range of partners, including service providers and enterprises globally, to deliver high-quality networking performance and innovative digital services.

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