Nokia's Strategic Share Buyback: A Focus on Enhanced Value
Nokia's Strategic Share Buyback Program
Nokia Corporation is actively engaged in a significant share repurchase initiative. This strategic move reflects the company's commitment to maximizing shareholder value while navigating the dynamic landscape of the technology sector. With recent acquisitions of its own shares, Nokia is poised to strengthen its market presence and foster trust among investors.
Details of the Share Repurchase
On a notable day, Nokia Corporation executed a substantial buyback of shares amounting to a total cost of EUR 6,621,272. This transaction involved acquiring 1,396,657 shares at a weighted average price of EUR 4.74 each. Following this transaction, Nokia now holds a total of 253,189,663 treasury shares, showcasing its sizable investment in its own equity.
Understanding the Trading Venues
The share repurchase was conducted across different trading venues, with the largest portion executed on the XHEL trading platform, where 1,396,657 shares were acquired. Other venues reported no transactions during this period, underscoring the focused approach taken by Nokia in its buyback strategy.
Program Goals and Market Impact
Nokia's ongoing share buyback program was initiated to mitigate the dilutive effects caused by shares issued to Infinera Corporation's shareholders, following the acquisition of certain Infinera share-based incentives. The program is in compliance with the EU Market Abuse Regulation, and it is poised to encompass 150 million shares with an aggregate purchase budget of EUR 900 million. This initiative started on 25 November 2024 and is expected to conclude by the end of 2025.
Innovation and Commitment at Nokia
As a B2B technology leader, Nokia focuses on creating cutting-edge networks that are secure, reliable, and sustainable. The company’s technological endeavors extend across mobile, fixed, and cloud networks, emphasizing its mission to empower global connectivity. The innovation drive is significantly supported by Nokia Bell Labs, a pioneering research institution recognized for its century-long contributions to technology.
The Future of Digital Services
Nokia envisions a future filled with opportunities thanks to its high-performance networks that integrate seamlessly into various ecosystems. This strategy not only promotes monetization but also enhances scalability for service providers, enterprises, and partners worldwide. By creating robust and adaptable networks, Nokia aims to meet the evolving demands of the digital landscape.
Company Contacts for Further Inquiries
For those interested in learning more about Nokia Corporation’s initiatives, inquiries can be directed to:
Nokia Communications
Phone: +358 10 448 4900
Email: press.services@nokia.com
Nokia Investor Relations
Phone: +358 931 580 507
Email: investor.relations@nokia.com
Frequently Asked Questions
What is Nokia's share buyback program?
Nokia’s share buyback program is an initiative to repurchase shares from the market to support stock prices and enhance shareholder value.
What was the total cost of the recent transaction?
The total cost for the recent share buyback amounted to EUR 6,621,272.
How many shares did Nokia acquire?
Nokia acquired a total of 1,396,657 shares in its recent buyback.
When is the buyback program expected to end?
The share buyback program is set to conclude by the end of 2025.
How does Nokia support innovation?
Nokia supports innovation through its long-term research initiatives facilitated by Nokia Bell Labs and by creating high-performance, scalable networks.
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