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Nokia Corporation: Repurchase of own shares on 24.02.2025

1. Nokia repurchased 1,317,492 shares at EUR 4.75 average. Executed on Feb 24, 2025. 2. Buyback offsets dilution from Infinera share issuance. Authorized November 2024. 3. Program targets to repurchase 150M shares for EUR 900M. Ends Dec 2025. 4. Treasury shares now total 257,147,700 after repurchase. Details in appendix.

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FAQ

Why Bullish?

The share repurchase reduces outstanding share count and offsets dilution, thereby potentially boosting EPS and investor confidence. Similar buyback programs in the past have led to immediate positive market reactions.

How important is it?

The repurchase directly improves key metrics like EPS and signals confidence from management, making it quite impactful on NOK's valuation. Although not transformative, the proactive capital allocation is typically viewed as a positive catalyst for the stock.

Why Short Term?

Buybacks generally have an immediate effect on share price due to reduced supply and enhanced investor sentiment, as seen in numerous historical cases.

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INFN
Nokia CorporationStock Exchange Release24 February 2025 at 22:30 EET Nokia Corporation: Repurchase of own shares on 24.02.2025 Espoo, Finland – On 24 February 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*XHEL1,317,4924.75CEUX--BATE--AQEU--TQEX--Total1,317,4924.75 * 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 24 February 2025 was EUR 6,260,063. After the disclosed transactions, Nokia Corporation holds 257,147,700 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 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 Communications Nokia Investor RelationsPhone: +358 931 580 507Email: investor.relations@nokia.com Daily Report 2025-02-24

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