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Nokia Corporation: Repurchase of own shares on 22.01.2025

1. Nokia initiated a share buyback program to counteract share dilution. 2. On January 22, 2025, Nokia bought 872,093 shares at €4.45 each. 3. The total cost of buybacks on this date was €3.88 million. 4. Nokia aims to repurchase 150 million shares for €900 million total. 5. After transactions, Nokia now holds 229,966,303 treasury shares.

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Why Bullish?

Share buybacks generally reduce supply and can boost share prices, as seen with companies like Apple and Microsoft. Past buyback announcements by Nokia have led to positive market reactions.

How important is it?

This article discusses a significant share buyback initiative, indicating Nokia's strategy to enhance shareholder value.

Why Short Term?

Immediate effects on stock price are expected as buybacks indicate company confidence. Historical trends show that share price often reacts swiftly to buyback announcements.

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NOKINFINERA
Nokia CorporationStock Exchange Release22 January 2025 at 22:30 EET Nokia Corporation: Repurchase of own shares on 22.01.2025 Espoo, Finland – On 22 January 2025 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code)Number of sharesWeighted average price / share, EUR*XHEL872,0934.45CEUX--BATE--AQEU--TQEX--Total872,0934.45 * Rounded to two decimals On 22 November 2024, Nokia announced that its Board of Directors is initiating a share buyback program to offset the dilutive effect of new Nokia shares issued to the shareholders of Infinera Corporation and certain Infinera Corporation share-based incentives. The 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 25 November 2024 and end by 31 December 2025 and target to repurchase 150 million shares for a maximum aggregate purchase price of EUR 900 million. Total cost of transactions executed on 22 January 2025 was EUR 3,881,686. After the disclosed transactions, Nokia Corporation holds 229,966,303 treasury shares. Details of transactions are included as an appendix to this announcement. On behalf of Nokia Corporation BofA Securities Europe SA 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. 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 Communications Nokia Investor RelationsPhone: +358 931 580 507Email: investor.relations@nokia.com Daily Report 2025-01-22

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