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Nokia completes the share buyback program launched in November 2024

1. Nokia completed its share buyback program, repurchasing 150 million shares. 2. The buyback aimed to counteract dilution from the Infinera acquisition. 3. The average repurchase price was approximately EUR 4.69 per share. 4. Nokia plans to cancel the acquired shares in April 2025. 5. The buyback reduced unrestricted equity by around EUR 703 million.

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FAQ

Why Bullish?

Share buybacks often indicate strong financial health, supporting stock prices historically.

How important is it?

The successful completion of the buyback suggests financial strength, likely boosting investor confidence.

Why Short Term?

Immediate positive market reaction expected; longer-term effects depend on performance post-acquisition.

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INFINOKIAAMGN
April 02, 2025 15:45 ET  | Source: Nokia Oyj Nokia CorporationStock Exchange Release2 April 2025 at 22:45 EESTNokia completes the share buyback program launched in November 2024Espoo, Finland – Nokia Corporation ("Nokia" or the "Company") has now completed the share buyback program announced on 22 November 2024 the purpose of which was to offset the dilutive effect of the Infinera acquisition. Between 25 November 2024 and 2 April 2025, Nokia repurchased 150,000,000 of its own shares (FI0009000681) at an average price per share of approximately EUR 4.69.Nokia expects to cancel the acquired shares in April 2025.The repurchases under the share buyback program reduced the Company’s unrestricted equity by approximately EUR 703 million. Nokia Corporation now holds a total of 220,509,131 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 NokiaAt 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, which is celebrating 100 years of innovation. 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 CommunicationsPhone: +358 10 448 4900Email: press.services@nokia.comMaria Vaismaa, Global Head of External CommunicationsNokiaInvestor RelationsPhone: +358 931 580 507Email: investor.relations@nokia.com 

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