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ESPOO - Nokia Oyj (HEL:HE:NOKIA) has announced the purchase of 1.4 million of its own shares on February 27, 2025, at a weighted average price of €4.72 per share, as part of its ongoing share buyback program. The total cost of the acquisitions made on that day amounts to €6,604,220.
The buyback program, which began on November 25, 2024, is designed to mitigate the dilutive effect of shares issued to Infinera (NASDAQ:INFN) Corporation shareholders and certain stock-based incentives related to Nokia’s acquisition of Infinera. The program is in accordance 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.
Nokia aims to repurchase 150 million shares, with a maximum total expenditure of €900 million, to be completed by December 31, 2025. Following the recent transactions, Nokia now holds 261,317,814 of its own shares.
The company, a leader in B2B technology and innovation, continues to pioneer the development of intelligent network solutions. Nokia’s reputation is built on expertise in fixed, mobile, and cloud service networks, and it has been recognized for its value creation through intellectual property rights and its century-long commitment to research and development, led by the award-winning Nokia Bell Labs.
Nokia’s high-performance network solutions, based on open architecture, seamlessly integrate with various ecosystems, opening new possibilities for network commercialization and scaling. Service providers, enterprises, and partners worldwide rely on the performance, responsibility, and security standards of Nokia’s networks.
The information provided in this article is based on a press release statement from Nokia Oyj.
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