Nokia's Bold Share Repurchase Moves: December Update

Nokia Initiates Strategic Share Repurchase Program

Nokia Corporation has recently taken significant steps by initiating a share buyback program aimed at bolstering its stock value. This strategy ensures the company addresses the challenges associated with diluted shares arising from shares issued to stakeholders of Infinera Corporation as well as share-based incentives. The program's goal is clear: to repurchase up to 150 million shares totaling a maximum monetary value of EUR 900 million.

Details of the Recent Share Acquirement

On a noteworthy day, Nokia Corporation acquired a substantial number of shares. The details of this transaction include the following particulars: the company purchased a total of 875,685 shares at a weighted average price of EUR 4.27 per share. This reflects an investment of EUR 3,740,926, showcasing the company’s commitment to enhance shareholder value.

Transaction Breakdown

In its latest activities, the shares were mainly purchased on the XHEL trading venue, with a weighty share acquisition focusing solely on this platform. The overall transaction illustrates Nokia's strategic planning and adherence to the Market Abuse Regulation, ensuring they remain within the compliance framework.

Reasons Behind Share Buyback

The decision to initiate a buyback program was not made lightly. Tackling the dilution effect from share issues necessitated decisive action. By commencing this program, Nokia aims to offer stable and increased returns to its shareholders while ensuring the company thrives in a competitive market. This step has been officially validated by the company's Board of Directors.

Future Expectations from the Program

Nokia's share repurchase venture is expected to continue until the end of next year. As shares accumulate within the treasury, the company's strategy will likely lead to strengthened market positioning and investor confidence. As the stock exchange landscape fluctuates, consistent buybacks can potentially foster a more robust share price in the long run.

Nokia's Commitment to Innovation

Beyond stock repurchases, Nokia remains committed to its core mission: creating technology that facilitates collaboration worldwide. As a leader in B2B technology innovations, Nokia is pioneering advanced networking solutions that encompass mobile, fixed, and cloud networks. Their commitment is evident through ongoing investments in research and development, driven by the renowned Nokia Bell Labs.

Integrating Open Architectures

With a focus on creating high-performance networks, Nokia aims to provide services that align with customer needs across various landscapes. The integration of open architectures demonstrates a forward-thinking approach, where seamless connectivity forms the backbone for present and future technology. Companies rely on Nokia's expertise to deliver safe, dependable, and sustainable networking solutions.

Contact Information for Further Inquiries

For more information regarding this corporate action or additional inquiries, individuals can connect with Nokia Communications. The dedicated team is ready to assist with any queries regarding the company’s strategy, performance, or future prospects.

Phone: +358 10 448 4900

Email: press.services@nokia.com

Frequently Asked Questions

What prompted Nokia to implement a share buyback program?

Nokia introduced the share buyback program to counteract dilution effects from issued shares related to Infinera Corporation and to enhance overall shareholder value.

How many shares did Nokia acquire on the specified date?

On the reported date, Nokia acquired a total of 875,685 shares at an average price of EUR 4.27 each.

Until when will Nokia continue its share repurchase efforts?

The share repurchase program is scheduled to continue until 31 December 2025.

What is the total monetary value Nokia plans to invest in this buyback program?

Nokia aims to invest a maximum of EUR 900 million in this share buyback initiative.

How can shareholders inquire more about Nokia’s actions?

Shareholders can reach out to Nokia Communications via phone or email listed above for any further inquiries regarding their investments or Nokia’s strategic initiatives.

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