Nokia Share Buyback: 872,093 Shares Acquired
Nokia has acquired 872,093 of its own shares at €4.34 per share, totaling €3,782,267, as part of a €900 million buyback program to offset dilution from new share issuances, with the goal of repurchasing 150 million shares by the end of 2025.
In a move aimed at offsetting the dilutive effect of new shares issued by the company, Nokia Corporation has acquired a significant number of its own shares as part of a share buyback program initiated by its Board of Directors. The program, which started in late 2024, has seen the purchase of 872,093 shares on January 13, 2025, at a weighted average price of €4.34 per share.
The share buyback program was initiated to counterbalance the effect of shares issued to Infinera Corporation shareholders and share-based incentives. With a total cost of €3,782,267 for the recent transaction, Nokia's treasury share holdings have increased to 227,346,987 shares. This move is part of a larger plan to repurchase up to 150 million shares valued at €900 million by the end of 2025.
Nokia's decision to engage in this share buyback program reflects its strategic approach to managing its share capital and maintaining a balanced shareholder structure. By acquiring its own shares, the company aims to stabilize its stock price and demonstrate confidence in its financial health and future prospects. As the program continues until December 31, 2025, it will be interesting to observe how the market responds to these transactions and how they impact Nokia's overall financial performance.
The buyback program is a significant development in Nokia's ongoing efforts to optimize its capital structure and enhance shareholder value. As the company navigates the evolving telecommunications landscape, its strategic decisions, including the share buyback program, will be closely watched by investors and industry analysts alike.
