Breaking News: Nokia Corporation Buys Back Its Own Shares on 06/03/2025!
Nokia Corporation Stock Exchange Release
6 March 2025 at 22:30 EET
Espoo, Finland – On 6 March 2025, Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) on various trading venues as follows:
Trading venue (MIC Code) | Number of shares | Weighted average price / share, EUR
XHEL | 2,755,402 | 4.84
CEUX | 826,754 | 4.84
BATE | – | –
AQEU | 142,080 | 4.84
TQEX | 129,929 | 4.83
Total | 3,854,165 | 4.84
* Rounded to two decimals
On 22 November 2024, Nokia announced that its Board of Directors is initiating a share buyback program to offset the dilutive effect of new Nokia shares issued to the shareholders of Infinera Corporation and certain Infinera Corporation share-based incentives. The repurchases are in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052, and under the authorization granted by Nokia’s Annual General Meeting on 3 April 2024. The buyback program started on 25 November 2024 and is set to end by 31 December 2025, aiming to repurchase 150 million shares for a maximum aggregate purchase price of EUR 900 million.
How This Will Affect Me:
As a shareholder of Nokia Corporation, the buyback of shares can potentially increase the value of my remaining shares by reducing the total number of outstanding shares in the market. This could lead to an increase in earnings per share and improve the overall financial performance of the company.
How This Will Affect the World:
The decision by Nokia Corporation to repurchase its own shares can have a ripple effect on the global market. It may instill confidence in investors and signal that the company believes in its own long-term growth prospects. This could impact the overall sentiment towards technology companies and influence investment decisions in the sector.
Conclusion:
In conclusion, Nokia Corporation’s buyback of its own shares reflects the company’s commitment to enhancing shareholder value and confidence in its strategic direction. This move not only benefits existing shareholders but also has the potential to make a significant impact on the global market and investor sentiment towards technology companies.
