ESPOO – Nokia Oyj (HEL:HE:NOKIA) has announced the repurchase of its own shares on Friday, as part of a program to mitigate the dilutive impact of stock distributed to Infinera (NASDAQ:INFN) Corporation shareholders and certain stock-based incentives. The Finnish telecommunications company reported that it acquired 872,093 shares at a weighted average price of €4.22 per share, amounting to a total cost of €3,680,494.
The buyback, conducted on the Helsinki Stock Exchange (XHEL), is in line with the authorization granted by Nokia’s Annual General Meeting on April 3, 2024, and complies with the Market Abuse Regulation (EU) 596/2014 (MAR) and the delegated regulations therein. The share repurchase program began on November 25, 2024, and is set to conclude by December 31, 2025, with an aim to acquire up to 150 million shares using a maximum of €900 million.
Following the transactions carried out on Friday, Nokia now holds 214,265,592 of its own shares. The initiative is part of a broader strategy to manage the dilution and to return value to shareholders as Nokia continues to position itself as a leader in B2B technology and innovation, particularly in fixed, mobile, and cloud service networks.
Nokia's commitment to creating technology that connects the world is underscored by its leading role in the development of future sensing, thinking, and intelligent network solutions. The company emphasizes the integration of its network solutions into various ecosystems, enhancing commercialization and scalability opportunities for network providers, enterprises, and other partners globally.
This share repurchase activity is based on a press release statement from Nokia Oyj and reflects the company's ongoing efforts to manage its capital structure and shareholder value.
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