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ESPOO - Nokia Oyj (HEL:HE:NOKIA), the Finnish telecommunications company, announced on February 21, 2025, that it has continued its share repurchase program by acquiring 1,384,423 of its own shares at a weighted average price of €4.78 per share. This transaction was conducted on the Helsinki Stock Exchange (XHEL) and represents a total expenditure of €6,616,434.
The repurchase is part of a program initiated on November 22, 2024, following the company’s announcement that its board had authorized a buyback to mitigate the dilutive effect of shares issued to Infinera (NASDAQ:INFN) Corporation’s shareholders and certain stock-based incentives related to Infinera Corporation. The program, which aligns with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052, and the authorization granted by Nokia’s Annual General Meeting on April 3, 2024, commenced on November 25, 2024, and is set to conclude by December 31, 2025.
Nokia’s goal with this program is to acquire up to 150 million shares, allocating a maximum total amount of €900 million. Following the latest transactions, Nokia now holds 255,830,208 of its own shares.
The share buyback program is a strategic move by the company as it continues to navigate the competitive technology market. Nokia has a long-standing presence in the industry, known for its contributions to fixed, mobile, and cloud network solutions, as well as its pioneering work in future network technologies through Nokia Bell Labs.
This information is based on a press release statement. The company’s actions reflect its ongoing commitment to managing its capital and creating value for its shareholders. As the program progresses, Nokia will likely continue to provide updates on its share repurchase activities.
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