Nokia declares share buyback on December 10, 2024

ESPOO – Nokia Oyj (HEL:HE:NOKIA) has introduced the repurchase of its personal shares on Tuesday, in a transaction that noticed the corporate purchase 872,093 shares at a weighted common value of €4.18 per share. The entire price of the buyback on this present day amounted to €3,648,750.

The buyback is a part of a program initiated by Nokia’s Board of Administrators on November 22, 2024, aimed toward mitigating the dilutive impression of shares to be issued to Infinera (NASDAQ:INFN) Company shareholders and in relation to sure stock-based incentives of Infinera Company. This system, which started on November 25, 2024, is ready to conclude by December 31, 2025, on the newest. It targets the acquisition of 150 million shares, with a most whole expenditure of €900 million.

Following the December 10 transactions, Nokia now holds 211,649,313 of its personal shares. The repurchase program is carried out in accordance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Fee Delegated Regulation (EU) 2016/1052, and the authorization granted by the Nokia Annual Normal Assembly on April 3, 2024.

The corporate, a B2B know-how and innovation chief, is acknowledged for its superior community options throughout fastened, cell, and cloud providers. Nokia’s place within the business is constructed on its experience and the worth created via mental property rights, in addition to its long-term analysis and improvement led by the award-winning Nokia Bell Labs.

This share buyback announcement is a part of Nokia’s ongoing technique to handle its capital construction and return worth to shareholders. The small print of the transactions have been offered as an attachment to this press launch assertion.

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