Espoo, Finland – In a strategic move on 20 December 2024, Nokia Corporation made headway with a share repurchase initiative, executing the buyback of 872,093 shares at a weighted average price of EUR 4.19 each. This major transaction underscores Nokia’s ongoing efforts to strengthen its market position and shareholder value.
Share Repurchase Details: Conducted through the Helsinki Stock Exchange (XHEL), the repurchase is part of an ongoing buyback program launched to address the dilution from the issuance of new shares related to the acquisition of Infinera Corporation. This program, announced on 22 November 2024, has Nokia targeting the repurchase of 150 million shares, with an expenditure cap of EUR 900 million.
By the end of the trading day on 20 December, the transactions culminated in a total cost of EUR 3,657,384. Consequently, Nokia’s treasury shareholdings now amount to a total of 218,626,057 shares.
Strategic Alignment: This initiative complies with the Market Abuse Regulation (EU) 596/2014, ensuring transaction transparency and governance per EU standards. The share buyback, authorized during Nokia’s Annual General Meeting on 3 April 2024, will continue its trajectory until the end of 2025.
Nokia’s Innovation Legacy: As a leader in B2B technology innovation, Nokia continues to pave the way in network advancements that support seamless integration across ecosystems. The company’s commitment to developing secure and reliable networks is backed by its acclaimed Nokia Bell Labs, pushing the envelope in digital services and applications.
For further inquiries, stakeholders are encouraged to reach out to Nokia’s communication team.
Nokia’s Share Repurchase: A Strategic Move Towards Market Strength
Nokia’s Financial Maneuver: In an assertive strategic decision on December 20, 2024, Nokia Corporation executed a significant share buyback, acquiring 872,093 shares at a weighted average price of EUR 4.19 each. This pivotal transaction reflects the company’s deliberate efforts to enhance shareholder value and fortify its market standing.
Program Overview and Financial Commitment: This share repurchase was executed via the Helsinki Stock Exchange as part of an ongoing program designed to counteract share dilution following the acquisition of Infinera Corporation. Originally announced on November 22, 2024, Nokia’s buyback initiative aims to repurchase 150 million shares with a financial ceiling of EUR 900 million. The transaction on December 20 alone accounted for a EUR 3,657,384 expenditure, increasing Nokia’s treasury shares to 218,626,057.
Strategic Compliance and Governance: Adhering to the Market Abuse Regulation (EU) 596/2014, this initiative ensures transparency and compliance with EU governance standards. Backed by authorization from Nokia’s Annual General Meeting on April 3, 2024, the program is set to continue until late 2025, demonstrating Nokia’s commitment to strategic financial management.
Nokia’s Innovative Legacy: Renowned for its pioneering spirit in B2B technology solutions, Nokia continues to lead the frontier in network innovation. With its cutting-edge research at Nokia Bell Labs, the company is instrumental in developing secure and reliable digital services essential for seamless ecosystem integration.
Use Cases and Market Insights: The strategic acquisition of treasury shares not only supports share value stabilization but also provides Nokia with flexibility in structuring future corporate strategies, such as mergers or incentive programs. By reinforcing shareholder confidence through tangible market actions, Nokia continues to position itself as a resilient player amidst fast-paced technological advancements.
Nokia’s ongoing commitment to innovation and strategic financial practices demonstrates its enduring influence in the tech industry. For further details, stakeholders are encouraged to connect with Nokia’s communications team via the official Nokia website.