Nokia completes the share buyback program launched in March
22 November 2024 - 7:45AM
UK Regulatory
Nokia completes the share buyback program launched in March
Nokia Corporation
Stock Exchange Release
21 November 2024 at 22:45 EET
Nokia completes the share buyback program launched in
March
Espoo, Finland – Nokia Corporation ("Nokia" or the "Company")
has now completed the share buyback program announced on 18 March
2024 and upsized on 19 July 2024. Between 20 March 2024 and 21
November 2024, Nokia repurchased 157,646,220 of its own shares
(FI0009000681) at an average price per share of approximately EUR
3.81.
Nokia expects to cancel the acquired shares in December
2024.
The repurchases under the share buyback program reduced the
Company’s unrestricted equity by EUR 600 million. Nokia Corporation
now holds a total of 209,702,510 treasury shares.
The repurchases were executed otherwise than in proportion to
the existing shareholdings of Nokia's shareholders (directed
repurchases) through public trading on the regulated market of
Nasdaq Helsinki and selected multilateral trading facilities.
About Nokia
At Nokia, we create technology that helps the world act
together.
As a B2B technology innovation leader, we are pioneering
networks that sense, think and act by leveraging our work across
mobile, fixed and cloud networks. In addition, we create value with
intellectual property and long-term research, led by the
award-winning Nokia Bell Labs.
With truly open architectures that seamlessly integrate into any
ecosystem, our high-performance networks create new opportunities
for monetization and scale. Service providers, enterprises and
partners worldwide trust Nokia to deliver secure, reliable, and
sustainable networks today – and work with us to create the digital
services and applications of the future.
Inquiries:
Nokia Communications
Phone: +358 10 448 4900
Email: press.services@nokia.com
Maria Vaismaa, Global Head of External Communications
Nokia
Investor Relations
Phone: +358 40 803 4080
Email: investor.relations@nokia.com
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