Nokia Corporation recently disclosed the acquisition of its own shares as part of a share buyback program initiated to offset dilution. This strategic move was announced following the Board of Directors' decision in November 2024 to counter the dilutive effect of new Nokia shares issued to shareholders of Infinera Corporation and certain Infinera Corporation share-based incentives.
The share repurchases are being conducted in compliance with relevant regulations, including the Market Abuse Regulation (EU) 596/2014 and the Commission Delegated Regulation (EU) 2016/1052. Authorized by Nokia's Annual General Meeting in April 2024, the buyback program commenced on 25 November 2024 and is scheduled to conclude by 31 December 2025, targeting the repurchase of 150 million shares with a maximum aggregate purchase price of EUR 900 million.
On 21 March 2025, Nokia Corporation executed transactions totaling EUR 20,782,877, resulting in the company holding 190,328,538 treasury shares. Further details of the transactions can be found in the provided appendix.
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Emphasizing open architectures that seamlessly integrate into diverse ecosystems, Nokia's high-performance networks offer opportunities for growth and scalability. Trusted by service providers, enterprises, and partners worldwide, Nokia is dedicated to delivering secure, reliable, and sustainable networks, while actively shaping the digital landscape of the future.
Reference from News: Nokia Corporation: Repurchase of own shares on 21.03.2025 | Company Announcement | Investegate