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ESPOO, Finland - Nokia (HE:NOKIA) Corporation (LEI: 549300A0JPRWG1KI7U06) has completed a repurchase of its own shares on Friday, as part of its plan to mitigate the dilutive effect of new shares issued in connection with its acquisition of Infinera (NASDAQ:INFN) Corporation. The company bought back 872,093 shares at a weighted average price of €4.49 per share, totaling approximately €3.9 million.
The buyback took place exclusively on the trading venue with the MIC Code XHEL. This transaction is a continuation of the share repurchase program announced on November 22, 2024, which was authorized by Nokia’s Annual General Meeting on April 3, 2024. The program is designed to repurchase up to 150 million shares for a maximum aggregate purchase price of €900 million, with the aim of completing the buybacks by December 31, 2025.
Following the latest transaction, Nokia Corporation holds a total of 236,030,991 treasury shares. The repurchase program is being carried out in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), and the Commission Delegated Regulation (EU) 2016/1052, which regulate share buybacks to ensure transparency and protect investors.
Nokia, a global B2B technology leader, is known for creating networks that are designed to be open and integrate seamlessly into any ecosystem, offering high performance and creating opportunities for monetization and scale. The company’s commitment to innovation is supported by Nokia Bell Labs, their renowned research division.
The information on this share repurchase is based on a press release statement issued by Nokia Corporation.
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