Nokia Corporation's Strategic Share Buyback Initiative

Overview of Nokia's Share Repurchase Program

Nokia Corporation, a leader in technology innovation, recently announced a significant move in its financial strategy through a share repurchase program. This initiative is crucial as it not only reflects the company's commitment to enhancing shareholder value but also addresses the potential dilution caused by issuing new shares to shareholders of Infinera Corporation. The transaction on December 10, 2024, is part of a broader effort initiated by the Board of Directors to stabilize share prices and reinvest in the company.

Details of the Recent Acquisition

On December 10, 2024, Nokia Corporation acquired 872,093 shares at a weighted average price of EUR 4.18 per share. This endeavor was undertaken within the framework of the previously announced buyback program and falls under the Market Abuse Regulation. The total cost for this operation was approximately EUR 3,648,750, setting a strong example of Nokia's proactive financial management.

Trading Venues Involved

The trading for these repurchased shares took place in multiple venues, prominently including the XHEL exchange. The company ensured that the acquisition adhered to strict regulations, demonstrating a commitment to transparency and investor confidence.

Rationale Behind the Buyback Program

The timing of Nokia's decision to initiate this repurchase program is critical. It was revealed that the company's Board of Directors decided to offset the dilutive effects stemming from the issuance of shares related to Infinera transactions. This strategic move aims to maintain the value of existing shares while simultaneously working to enhance overall shareholder sentiment.

Long-Term Goals

Nokia's share buyback program is not a temporary measure but rather a long-term strategy intended to reacquire up to 150 million shares for an overall maximum purchase price of EUR 900 million. This initiative, which began on November 25, 2024, is set to continue until the end of December 2025, indicating Nokia’s commitment to maintaining a shareholder-friendly approach.

Nokia's Vision and Future Directions

As a B2B technology leader, Nokia is not only focused on enhancing shareholder value but also on innovation that fosters collaboration globally. Their initiative to repurchase shares aligns with their overarching goal of sustaining investor trust and pushing forward with groundbreaking technological advancements.

Commitment to Innovation

Nokia stands out as a pioneer in creating networks that are designed to act intelligently, thanks to their ongoing research at Nokia Bell Labs. Their robust technology solutions not only benefit service providers but also enterprises worldwide, making them a trusted partner in the digital age.

Contact Information

Nokia Corporation encourages anyone seeking more information about the share buyback program or other inquiries to reach out through their communication lines. Direct contacts for communications and investor relations are available, ensuring timely responses to all inquiries.

Frequently Asked Questions

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

The share buyback program aims to enhance shareholder value by offsetting dilution from new share issuances and demonstrating commitment to investor interests.

How many shares did Nokia repurchase on December 10, 2024?

Nokia repurchased a total of 872,093 shares on December 10, 2024.

What was the cost associated with the transactions on December 10, 2024?

The total cost of the transactions executed on that date amounted to approximately EUR 3,648,750.

When did the share buyback program officially start?

The program officially started on November 25, 2024.

How long will the share buyback program continue?

The program is set to continue until December 31, 2025, with plans to repurchase up to 150 million shares.

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