Nokia Corporation's Strategic Share Repurchase Insight

Nokia Corporation's Recent Share Repurchase Strategy

Nokia Corporation has made headlines with its recent announcement regarding the strategic repurchase of its own shares. This decision, which signifies a strong commitment to shareholder value, comes amid ongoing efforts to manage and stabilize the company's market presence.

Details of the Repurchase

In December, Nokia Corporation completed a significant buyback of its own shares on the trading platform (ISIN FI0009000681). Specifically, the company acquired a total of 872,093 shares through the XHEL trading venue at a weighted average price of EUR 4.22 per share. This transaction forms part of a larger initiative launched by the company.

Context of Share Buyback

On November 22, Nokia announced its Board of Directors' decision to initiate a share buyback program. This is primarily aimed at counteracting the dilutive effects that arise from issuing new shares to the stakeholders of Infinera Corporation and accommodating certain share-based incentives tied to Infinera.

Program Details and Goals

The approved share repurchase program, which commenced on November 25 and is set to conclude by the end of December 2025, targets the buyback of up to 150 million shares. The total buyback is aimed at a maximum purchase price of EUR 900 million, reinforcing Nokia’s commitment to maintaining an optimal capital structure.

Financial Impact

As of mid-December, the aggregate cost for transactions executed amounted to approximately EUR 3.68 million. Following these operations, Nokia Corporation holds a total of 214,265,592 treasury shares, adding to its strategic asset management.

Nokia's Vision and Mission

Nokia is dedicated to creating technology that fosters global collaboration. As a leader in B2B technology innovation, the company is focused on developing networks that are capable of thinking, sensing, and acting, leveraging its reach across mobile, cloud, and fixed networks. This innovative approach is articulated through its renowned research division, Nokia Bell Labs.

Your Partner for the Future

With a commitment to open architectures that fit seamlessly into existing ecosystems, Nokia’s high-performance networks offer new avenues for revenue generation and scalability. Today, service providers, enterprises, and partners around the globe rely on Nokia to deliver sustainable and secure networking solutions that not only meet today's demands but also pave the way for future digital services.

Contact Information for Further Inquiries

For more information regarding Nokia's operations and investor relations, inquiries can be directed to:

Nokia Communications
Phone: +358 10 448 4900
Email: press.services@nokia.com
Maria Vaismaa, Global Head of External Communications

Nokia Investor Relations
Phone: +358 40 803 4080
Email: investor.relations@nokia.com

Frequently Asked Questions

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

The share repurchase program is designed to offset the dilutive effects of new shares issued and enhance shareholder value.

How many shares has Nokia repurchased recently?

Nokia has recently repurchased a total of 872,093 shares at an average price of EUR 4.22 each.

What is the total budget for the buyback program?

The company aims to repurchase up to 150 million shares for a total budget of EUR 900 million.

When did the share buyback program start?

The repurchase program started on November 25 and is set to run until December 31, 2025.

How do these actions fit into Nokia's long-term strategy?

This initiative supports Nokia’s commitment to maintaining a strong market position while providing value to its investors.

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