Nokia buys back shares to mitigate dilution

Published 19/02/2025, 21:34
Nokia buys back shares to mitigate dilution

ESPOO, Finland - Nokia (HE:NOKIA) Corporation (LEI: 549300A0JPRWG1KI7U06) has completed a repurchase of its own shares on Monday, as part of its ongoing buyback program aimed at offsetting the dilutive impact of new share issuances. The company acquired a total of 1,396,657 shares at a weighted average price of €4.74 per share, amounting to a total cost of approximately €6.62 million.

The buyback initiative, which began on November 25, 2024, follows Nokia’s announcement on November 22, 2024, detailing the Board of Directors’ decision to implement the program. This decision was made to counteract the dilution from issuing new shares to Infinera (NASDAQ:INFN) Corporation shareholders and for certain Infinera share-based incentives. The repurchase program is set to conclude by December 31, 2025, with a target of acquiring 150 million shares for a maximum aggregate purchase price of €900 million.

As a result of this transaction, Nokia now holds 253,189,663 treasury shares. The repurchase was conducted on the trading venue XHEL and was 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 is a global technology leader focused on network innovation and is known for its contributions to mobile, fixed, and cloud networks. The company’s research arm, Nokia Bell Labs, is recognized for its century-long history of technological advancements. Nokia’s commitment to creating high-performance, secure, and sustainable networks has garnered trust from service providers, enterprises, and partners around the world.

This repurchase is part of Nokia’s broader strategy to manage its capital structure and to return value to shareholders, as it continues to navigate the competitive technology landscape. The information regarding this transaction is based on a press release statement issued by Nokia Corporation.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.