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ESPOO - Nokia Oyj (HEX:HE:NOKIA), the Finnish telecommunications company, has reported the purchase of 872,093 of its own shares on January 29, 2025. The transaction was part of an ongoing share buyback program initiated to mitigate the dilution effect of equity distributed to Infinera (NASDAQ:INFN) Corporation shareholders and related incentive plans.
The buyback, executed on the Helsinki Stock Exchange (XHEL), amounted to an average weighted price of €4.33 per share, totaling approximately €3.78 million. This latest acquisition is in line with the authorization granted by Nokia’s Annual General Meeting on April 3, 2024, and complies with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052.
The program, which began on November 25, 2024, aims to repurchase up to 150 million shares with a maximum aggregate investment of €900 million, to be completed by December 31, 2025. Following this transaction, Nokia holds a total of 234,286,805 treasury shares.
Nokia’s buyback initiative is a strategic move to manage the company’s capital structure and to return value to shareholders. The company is a leader in B2B technology and innovation, known for its contributions to the development of intelligent network solutions through its fixed, mobile, and cloud services networks. Nokia’s reputation is also built on its intellectual property rights and the pioneering research and development conducted by Nokia Bell Labs.
The information provided in this article is based on a press release statement from Nokia Oyj.
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