Nokia buys back shares to mitigate dilution

ESPOO, Finland - Nokia (HE:) Corporation (NYSE:) has announced the repurchase of 872,093 of its own shares on Wednesday, a move aimed at mitigating the dilutive effect of issuing new shares. The transactions were carried out on the Helsinki Stock Exchange at an average price of €4.45 per share, totaling approximately €3.88 million.

The buyback is part of a program initiated on November 22, 2024, following the acquisition of Infinera (NASDAQ:) Corporation. The program's objective is to counterbalance the dilution from new shares issued to Infinera shareholders and for certain share-based incentives. Authorized by Nokia's Annual General Meeting on April 3, 2024, the program targets the repurchase of 150 million shares, with a maximum aggregate purchase price of €900 million, and is slated to conclude by December 31, 2025.

As of the latest transactions, Nokia holds 229,966,303 treasury shares. This strategic move is in line with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052, ensuring compliance with regulatory standards.

Nokia, a leader in B2B technology innovation, continues to focus on pioneering network technologies that are secure, reliable, and sustainable. With its commitment to creating high-performance networks and new digital services, the company maintains a strong position as a trusted partner for service providers, enterprises, and partners across the globe.

This repurchase activity is based on a press release statement issued by Nokia Corporation.

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