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ESPOO - Nokia Oyj (HEL:HE:NOKIA) has announced the purchase of its own shares on Monday as part of its ongoing buyback program designed to offset dilutive effects from a previous transaction with Infinera (NASDAQ:INFN) Corporation. The company acquired a total of 3,854,165 shares across several European trading venues at a weighted average price of €4.84 per share, totaling €18,653,002.
This move is a continuation of the buyback program initiated on November 22, 2024, following authorization by Nokia’s Board of Directors. The program is a strategic effort to mitigate the dilution of shares issued to Infinera Corporation shareholders and related stock-based incentives. Conducted in accordance with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052, the buyback started on November 25, 2024, and is set to conclude by December 31, 2025, at the latest.
Nokia’s objective with this program is to acquire up to 150 million shares, with a maximum total expenditure of €900 million. Following the latest transactions, Nokia now holds 149,315,265 of its own shares.
The buyback program is part of Nokia’s broader strategy as a leader in B2B technology and innovation, with a focus on developing future-oriented, intelligent network solutions. The company has a longstanding tradition of creating value through intellectual property rights and extensive research and development, led by the award-winning Nokia Bell Labs.
Nokia’s network solutions, known for their performance, responsibility, and security standards, are trusted by service providers, enterprises, and partners worldwide. The company collaborates with these partners to develop digital services and applications for the future.
The information about this transaction is based on a press release statement issued by Nokia.
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