Nokia repurchased own shares as part of buyback program to compensate for dilution

From GlobeNewswire: 2025-02-04 15:30:00

Nokia Oyj has repurchased 1,221,522 of its own shares at an average price of 4.52 euros per share on February 4, 2025. This is part of a buyback program announced on November 22, 2024, to compensate for dilution caused by issuing shares to Infinera Corporation shareholders and certain stock-based incentives. The buyback program, authorized by Nokia’s shareholders, aims to acquire 150 million shares with a total budget of up to 900 million euros. The total cost of the shares repurchased on February 4, 2025, was 5,526,288 euros, with Nokia now holding 238,124,606 of its own shares.

Nokia is a technology and innovation leader in B2B solutions, focusing on future-proof network solutions for fixed, mobile, and cloud services. With a foundation in intellectual property and research from Nokia Bell Labs, the company creates value through open architecture network solutions that integrate seamlessly into different ecosystems. Nokia’s reliable network performance, sustainability, and security standards are trusted by service providers, businesses, and partners globally. The company collaborates with partners to develop future digital services and applications.



Read more at GlobeNewswire: Nokia Oyj: Omien osakkeiden takaisinosto 04.02.2025