Nokia buys back shares to offset dilution

Published 23-01-2025, 02:04 am

ESPOO – Nokia Oyj (HEL:HE:NOKIA) has repurchased a tranche of its own shares on January 22, 2025, as part of an ongoing buyback program designed 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 872,093 shares at a weighted average price of €4.45 per share, amounting to a total cost of €3,881,686.

This buyback initiative, announced on November 22, 2024, is being executed under the authorization granted by Nokia's Annual General Meeting on April 3, 2024, in accordance with the Market Abuse Regulation (EU) 596/2014 (MAR), and the Commission Delegated Regulation (EU) 2016/1052. The program began on November 25, 2024, and is set to conclude by December 31, 2025, with a goal to repurchase 150 million shares using a maximum of €900 million.

Following the recent transactions, Nokia's treasury now holds 229,966,303 of its own shares. Detailed information about the individual buybacks is attached to the press release statement.

Nokia, a leader in B2B technology and innovation, is known for pioneering future-oriented network solutions that are perceptive, cognitive, and intelligent. The company's leadership is rooted in its expertise in fixed, mobile, and cloud service networks, with value creation through intellectual property rights and long-term research and development led by the award-winning Nokia Bell Labs. Nokia's efficient network solutions, based on open architecture, integrate seamlessly into various ecosystems, enabling new opportunities for network commercialization and scale.

The company's partners, including service providers, enterprises, and others worldwide, rely on Nokia's network performance, responsibility, and security standards. Together with its partners, Nokia works to develop future digital services and applications. This information is based on a press release statement.

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.