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ESPOO - Nokia Oyj (HEL:HE:NOKIA) reported on Tuesday that it has executed a share repurchase on March 11, 2025, as part of its ongoing program to mitigate the dilutive effect of shares issued to Infinera (NASDAQ:INFN) Corporation shareholders and certain stock-based incentives. The company acquired a total of 4,290,222 shares across several European trading venues, with a weighted average price of €4.77 per share, amounting to a total spend of €20,467,362.
The buyback initiative, which commenced on November 25, 2024, follows the authorization granted by Nokia’s Annual General Meeting on April 3, 2024. The program is designed to acquire up to 150 million shares, with a maximum total expenditure of €900 million, and is set to conclude by December 31, 2025, at the latest.
Following the recent transactions, Nokia now holds 160,486,193 of its own shares. The repurchases are being conducted in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052, and the mandate from the company’s shareholders.
The details of the transactions have been provided as an annex to the company’s statement. Nokia, a leading B2B technology and innovation company, continues to pioneer future network solutions that are intelligent and responsive. With a century of experience, the company remains at the forefront of integrating network solutions into various ecosystems, fostering new opportunities for commercialization and scalability.
This news is based on a press release statement from Nokia Oyj.
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