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ESPOO - Nokia Oyj (HEL:HE:NOKIA) announced on Monday that it has continued purchasing its own shares under the buyback program initiated on November 22, 2024. The company acquired a total of 3,328,575 shares across various marketplaces, with a weighted average price of €4.85 per share.
The share buyback program is aimed at mitigating the dilutive effect of shares issued to Infinera (NASDAQ:INFN) Corporation shareholders and certain stock-based incentives related to Infinera Corporation. The program, which aligns with the Market Abuse Regulation (EU) 596/2014 (MAR) and the European Commission Delegated Regulation (EU) 2016/1052, began on November 25, 2024, following authorization by Nokia’s Annual General Meeting on April 3, 2024.
Nokia’s buyback program targets the acquisition of 150 million shares, with a maximum total expenditure of €900 million, to be completed by December 31, 2025. The total cost of the shares repurchased on March 3, 2025, amounted to €16,156,237. Following these transactions, Nokia now holds 138,611,403 of its own shares.
The share repurchases took place on regulated markets, and the details of the transactions have been disclosed as an annex to the company’s press release statement.
Nokia, a leader in B2B technology and innovation, continues to pioneer future-oriented network solutions through its fixed, mobile, and cloud service networks. With a century-long history of value creation in intellectual property rights and award-winning research and development led by Nokia Bell Labs, the company remains a frontrunner in the development of intelligent network solutions that integrate seamlessly into various ecosystems, fostering new opportunities for network commercialization and scalability. Service providers, enterprises, and partners worldwide rely on Nokia’s network performance, responsibility, and security standards as they collaborate with the company to develop future digital services and applications.
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