Nokia Corporation: Repurchase of own shares on 20.11.2024
20 November 2024 - 9:30PM
UK Regulatory
Nokia Corporation: Repurchase of own shares on 20.11.2024
Nokia Corporation
Stock Exchange Release
20 November 2024 at 22:30 EET
Nokia Corporation: Repurchase of own shares on
20.11.2024
Espoo, Finland – On 20 November 2024 Nokia Corporation (LEI:
549300A0JPRWG1KI7U06) has acquired its own shares (ISIN
FI0009000681) as follows:
|
Trading venue (MIC Code) |
Number of shares |
Weighted average price / share, EUR* |
|
XHEL |
2,852,209 |
4.08 |
|
CEUX |
1,317,613 |
4.06 |
|
BATE |
- |
- |
|
AQEU |
- |
- |
|
TQEX |
- |
- |
|
Total |
4,169,822 |
4.07 |
* Rounded to two decimals
On 25 January 2024, Nokia announced that its Board of Directors
is initiating a share buyback program to return up to EUR 600
million of cash to shareholders in tranches over a period of two
years. The first phase of the share buyback program started on 20
March 2024. On 19 July 2024, Nokia decided to accelerate the share
buybacks by increasing the number of shares to be repurchased
during the year 2024. The post-increase repurchases in compliance
with the Market Abuse Regulation (EU) 596/2014 (MAR), the
Commission Delegated Regulation (EU) 2016/1052 and under the
authorization granted by Nokia’s Annual General Meeting on 3 April
2024 started on 22 July 2024 and end by 31 December 2024 with a
maximum aggregate purchase price of EUR 600 million for all
purchases during 2024.
Total cost of transactions executed on 20 November 2024 was EUR
16,979,932. After the disclosed transactions, Nokia Corporation
holds 209,317,495 treasury shares.
Details of transactions are included as an appendix to this
announcement.
On behalf of Nokia Corporation
BofA Securities Europe SA
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.
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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