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Nokia Corporation: Repurchase of own shares on 28.11.2024

1. Nokia repurchased 872,093 shares at €3.97 each on November 28, 2024. 2. A share buyback program targets repurchase of 150 million shares by December 2025. 3. Total budget for the buyback is set at €900 million to offset dilution. 4. Nokia currently holds 363,190,882 treasury shares post-transactions.

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FAQ

Why Bullish?

Share buybacks often lead to increased shareholder value, potentially boosting stock prices. Historical examples show similar buybacks have positively impacted other tech stock valuations.

How important is it?

The announcement is crucial as it directly affects shareholders and implies a commitment to enhancing stock value. Significant buyback size highlights Nokia's strategic intentions in the current market.

Why Long Term?

The prolonged buyback period indicates sustained support for the stock over time. Past buyback initiatives have positively influenced long-term growth and investor confidence.

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NOKINFINERA
Nokia CorporationStock Exchange Release28 November 2024 at 22:30 EET Nokia Corporation: Repurchase of own shares on 28.11.2024 Espoo, Finland – On 28 November 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code)Number of sharesWeighted average price / share, EUR*XHEL872,0933.97CEUX--BATE--AQEU--TQEX--Total872,0933.97 * 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 28 November 2024 was 3,465,349. After the disclosed transactions, Nokia Corporation holds 363,190,882 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 40 803 4080Email: investor.relations@nokia.com Daily Report 2024-11-28

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