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ESPOO - Nokia Oyj (HEL:HE:NOKIA) has completed another phase of its share buyback program, acquiring a total of 2,818,205 shares across several European trading venues on March 26, 2025. The average weighted purchase price per share was €4.96, amounting to a total expenditure of €13,991,824 for the day’s transactions.
The buyback initiative, which began on November 25, 2024, follows the company’s announcement on November 22, 2024, that its board had authorized the repurchase of shares to mitigate the dilutive effect of stock issued to Infinera (NASDAQ:INFN) Corporation’s shareholders and certain stock-based incentives. The program, which is in accordance with the Market Abuse Regulation (EU) 596/2014 and the European Commission’s delegated regulation (EU) 2016/1052, as well as the authorization from Nokia’s Annual General Meeting on April 3, 2024, is set to conclude by December 31, 2025, at the latest.
Nokia’s goal is to acquire up to 150 million shares, with a maximum total spend of €900 million. With the latest acquisition, Nokia now holds 200,047,080 of its own shares. The share buyback is part of the company’s capital allocation strategy, aimed at optimizing shareholder value.
Nokia, a leader in B2B technology and innovation, is known for its advancements in fixed, mobile, and cloud networking solutions. With a century-long history of creating value through intellectual property rights and research led by the award-winning Nokia Bell Labs, the company prides itself on its high-performance network solutions that integrate seamlessly into various ecosystems.
The details of the share acquisitions on March 26 are attached to the press release statement. This move by Nokia reflects its ongoing commitment to managing its capital effectively and supporting its long-term strategy.
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