Nokia Strengthens Market Position with Share Repurchase
Helsinki, Monday, 17 February 2025.
Nokia Corporation repurchased 1,247,001 shares for EUR 5,987,974 as part of their plan to optimize capital structure and enhance shareholder value, continuing their strategic buyback program.
Latest Buyback Details
On February 17, 2025, Nokia Corporation (HEX: NOK1V) executed a significant share repurchase, acquiring 1,247,001 shares at a weighted average price of EUR 4.80 per share [1]. The total transaction value amounted to EUR 5,987,974, demonstrating the company’s continued commitment to its share buyback initiative [1].
Strategic Program Overview
This repurchase is part of a larger program announced on November 22, 2024, which aims to acquire 150 million shares with a maximum aggregate purchase price of EUR 900 million [1][3]. The program, scheduled to run until December 31, 2025, was primarily initiated to counter the dilutive effect of new shares issued to Infinera Corporation shareholders [1][3]. Following the February 17 transactions, Nokia’s treasury holdings have reached 250,456,659 shares [1].
Market Performance and Compliance
The timing of this buyback coincides with strong market performance, as Nokia’s stock reached a 52-week high of EUR 4.82 on February 17, 2025 [5]. The share repurchase program operates in full compliance with EU regulations, specifically the Market Abuse Regulation (EU) 596/2014 and the Commission Delegated Regulation (EU) 2016/1052 [1][3].
Strategic Position and Future Outlook
As a B2B technology innovation leader, Nokia continues to strengthen its market position through networks that ‘sense, think and act’ [1]. The company’s commitment to high-performance networks and value creation through intellectual property rights positions it well for future growth [3]. With the buyback program set to continue through the end of 2025, Nokia demonstrates confidence in its long-term strategy and commitment to shareholder value [1][3].