Nokia Enhances Share Buyback Strategy Following New Acquisition

Nokia's Continued Commitment to Shareholder Value

Nokia Oyj has recently made headlines with its ongoing share buyback program, further bolstering its strategic financial decisions. The company announced the acquisition of 872,093 of its own shares at an average price of €4.44 each, totaling €3,874,448. This recent transaction reflects Nokia’s dedication to maintaining and enhancing shareholder value amid changing market conditions.

Details of the Share Buyback Program

Initially authorized during the Annual General Meeting, which took place on April 3, 2024, the buyback program commenced on November 25, 2024. This program is expected to conclude by December 31, 2025, with a target acquisition of 150 million shares and a maximum expenditure of €900 million. Presently, the total number of shares held by Nokia amounts to 225,602,801, demonstrating the company's active participation in returning value to its shareholders.

Purpose of the Acquisition

The share buyback initiative is specifically designed to counteract the dilution of shares issued to Infinera Corporation shareholders as well as certain stock-based incentives related to Infinera. By focusing on repurchasing its shares, Nokia is taking proactive steps to stabilize its stock prices and improve earnings per share for existing shareholders.

Regulatory Compliance and Market Standards

In executing this buyback strategy, Nokia remains committed to adhering to necessary regulatory frameworks, including the European Market Abuse Regulation (EU) 596/2014 and the Commission Delegated Regulation (EU) 2016/1052. Such compliance not only protects Nokia but also instills confidence among its investors regarding fair market practices.

Nokia's Industry Leadership and Innovations

Nokia is well-known as a leader in technology and innovation within the B2B sector. The company has significantly contributed to the evolution of intelligent network solutions. With its roots deeply embedded in fixed, mobile, and cloud networks, Nokia prides itself on creating value through its intellectual property and extensive R&D efforts conducted by the renowned Nokia Bell Labs.

Performance and Security Standards

Nokia's high-performance network solutions are built on an open architecture that allows seamless integration into diverse ecosystems. This adaptability provides numerous opportunities for commercialization and scalability, making Nokia a preferred choice for service providers, enterprises, and partners worldwide who seek robust performance and impeccable security standards.

Conclusion

By advancing its share buyback initiative, Nokia not only reinforces its market position but also affirms its commitment to its shareholders. As the company navigates the constantly evolving landscape of technology and business demands, its strategic decisions are pivotal in securing long-term growth and shareholder satisfaction.

Frequently Asked Questions

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

The buyback program aims to enhance shareholder value by repurchasing shares and mitigating dilution effects associated with external stock-related incentives.

When did the buyback program start?

The program commenced on November 25, 2024, following its authorization during Nokia's Annual General Meeting on April 3, 2024.

How many shares does Nokia intend to repurchase?

Nokia aims to acquire a total of 150 million shares through this buyback program.

What are the regulatory standards guiding this initiative?

Nokia’s buyback program adheres to the European Market Abuse Regulation (EU) 596/2014 and the Commission Delegated Regulation (EU) 2016/1052, ensuring compliance with legal standards.

What innovations does Nokia provide?

Nokia is a leader in developing intelligent network solutions, bolstered by its strong research and development initiatives at Nokia Bell Labs.

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